Rise Technology Inc, Everett, Massachusetts has signed a definitive agreement with Canon Inc under which Canon, holding 9.2% of Rise, will buy substantially all Rise’s technology for $1.2m: the maker of picture-enhancing graphics equipment ceased operations on July 12 last year, and on March 13 said it planned to reverse itself into Colonial Data Technologies Corp in a deal that takes its cash to Colonial and leaves Rise holders with 29%.
