View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 15, 1997updated 05 Sep 2016 12:59pm


By CBR Staff Writer

Silicon Graphics Inc is to acquire Russian Internet software company JV ParaGraph in an attempt to boost its position in the internet hosted three-dimensional virtual reality modelling language arena. Paragraph’s US division in Campbell, California will be integrated into Silicon Graphic’s Mountain View site and will form part of a new Cosmo Software division, which will handle the company’s Cosmo VRML browser along with other internet software and the new Paragraph tools. The Russian arm of the business will remain at its offices in Moscow, and continue trading under the Paragraph name, but will be a wholly-owned subsidiary of Silicon Graphics. A spokesperson at Silicon Graphics said both companies were keen for the purchase to go ahead and said Cosmo will concentrate on the development of 3D technology for the Internet, with a view to creating an interactive Second Web. Financial details were not disclosed and it is understood that no job cuts are planned. VP and general manager of Silicon Graphics’ web products division Kai-Fu Lee becomes president of the new division. Paragraph was founded in 1989 by among others, world chess champion Garry Kasparov, and currently employs some 150 people, mostly at the company’s Moscow office. Silicon Graphics will honor existing agreements that Paragraph has with companies such as Microsoft Corp and Walt Disney Corp (CI No 3,060). á

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.