Picsel

Picsel was a company and technology founded in Glasgow, Scotland, whose trademark and innovations were used to develop products for handheld devices such as mobile phones and tablets. The founders and original team of Picsel produced award-winning and world leading software and technology which led eventually to the Smartoffice Ltd company branding and selling the SmartOffice application, and other Office suite software for viewing and editing documents on mobile devices. Smartoffice went into administration in 2013, and its residual assets were purchased by Artifex Software Inc, a player in the printer market, in February 2014 and these residual assets were subject to all previous licenses including those sold by the administrators.

Picsel was a company and technology founded in Glasgow, Scotland, whose trademark and innovations were used to develop products for handheld devices such as mobile phones and tablets. The founders and original team of Picsel produced award-winning and world leading software and technology which led eventually to the Smartoffice Ltd company branding and selling the SmartOffice application, and other Office suite software for viewing and editing documents on mobile devices. Smartoffice went into administration in 2013, and its residual assets were purchased by Artifex Software Inc, a player in the printer market, in February 2014 and these residual assets were subject to all previous licenses including those sold by the administrators.

Insolvency

In July 2009, Picsel Technologies Ltd (and other companies within the group) entered administration. The company continued trading through this despite staff cut-backs, and after three months was bought back by the original senior management team in a complicated deal which saw only some families of Picsel's patents sold to Samsung. The new trading company, Picsel UK Ltd, continued to develop and sell similar products, employing many of the same staff, after the management buy-out led by the original founders, who also took the responsibility of the staff and other debtors into the new company setup. Picsel UK Ltd entered liquidation in June 2012. A new UK trading company, Smartoffice Technologies Ltd emerged, after advice from the companies advisers. Smartoffice Technologies Ltd continued to develop and market Picsel Smart Office until September 2013 when it entered administration after the floating charge holder (Malaysia Debt Ventures) appointed French Duncan as administrators. In February 2014, Artifex Software Inc purchased the residual rights to the IP, including both the source code, and the Picsel and SmartOffice brands, subject to the previous existing licenses as confirmed by the legal team of the administrators in several publicised letters and communications. Artifex has been continuing in previous business model; to support and develop the SmartOffice technologies and is continuing to both sell end-user products based upon them, and to license them to third party OEMs, based on the original ideas and technologies created by the founders and developers of Picsel.

References

Text derived from https://en.wikipedia.org/w/index.php?oldid=1375613178 under CC BY-SA 4.0; modifications have been made.