Munich, Bavaria-based Spea Software AG has rallied the Glenwood Capital ventue capital company to help it to acquire the assets of the Video Seven graphics board subsidiary of LSI Logic Corp, on undisclosed terms. Assets from the purchase will be combined with Spea’s US subsidiary, whose name will be changed to Computer Visualization Technologies Inc; it will market both the Video Seven and Spea graphics product lines for personal computers. The new company will be based in Fremont, and will employ management, engineering and customer support personnel from both Spea and LSI Logic’s Video Seven group. Computer Visualization Technologies will use Video Seven’s established distribution channel to sell the combined graphics product lines in North America with European distribution handled by Spea Software AG.
