SANTA MONICA, CA — Image Metrics (www.image-metrics.com), a provider of digital facial animation technology and services, has sold its Faceware product line to a newly-formed, spin-off company called Faceware Technologies Inc. (FTI).
The transaction enables each company to focus on delivering separate products and services to different markets.
Image Metrics will continue to expand its focus on delivering products based on its consumer animation and facial recognition technologies. The company offers products such as PortableYou and apps that include the new interactive digital comic book “Zombie Wars.”
Faceware Technologies Inc. will focus on offering Faceware to professional animation organizations. Existing customer and partnership relationships will continue with FTI. The new company will immediately generate revenue as it continues to deliver the technology to its existing client relationships.
Ron Ryder, currently CFO/COO of Image Metrics, will lead FTI during a transitional period.