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The company's technology allows architects, soldiers and otherd working in the fieldto "write" with a digitalo pen -- for make notes or or plot points on a map -- and save that informatiohn to a computer The technology allows workers to collect data or make changews to blueprints and plans remotely, in real time, and the data can be quicklu be shared with Along with the funding, Adapx (pronounced "adapts) announced it has broughtg on Ken Schneider, a local technologt industry veteran, as its new CEO. Schneider has put in two stintsaat Redmond-based (NASDAQ: MSFT) and was also presiden of Bellevue-based Cognisoft Corp.
, an interneft software company that was acquired by Veritgy Inc. of Sunnyvale, Calif. in 1997 for $10 He also ran web operations atEterwa Inc., an online horticultural business in Mount Vernojn that went bankrupt in 2001. OVP was an investoer in both Verityand Etera. Adapx was originally callec NaturalInteraction Systems. The company was founded in 1999 in Portlanc by Philip Cohen andDavis McGee, two researchers at Oregoj Health & Science University. The company initiallyy targeted the military and received research funding from the Defenss Advanced Research ProjectsAgency (DARPA).
But the founders beganm eyeingcommercial markets, and eventually recruited an executive with deeper sales Schneider replaced Cohen as CEO of the company. The Adapxx system is designed to work withsoftware that' commonly used in the field, such as Microsoftt Office OneNote and Autodesk AutoCAD. Schneidee said potential customersinclude architects, construction workerw and surveyors, emergency crews, and oil engineers. "Oudr technology is designed to digitallyu enable what people do naturally inthe field," Schneidee said.
The concept of digitapl pens has been around fora while, thougjh so far it hasn't taken off with the Today a number of companies offe digital pens, including LiveScribe Inc. of Calif., Iogear Inc. of Irvine Calif., and LeapFrog Enterprisee Inc. of Emeryville, Calif. Schneider, said the other digital pens on the market todat are focused more at and said Adapx stands out for its focus onbusinesa customers. Schneider declined to name specific customers, but said the company has clientx in the defense and homelanxdsecurity sectors, local governments, utilities, and the construction and petroleuj industry.
Chad Waite, a managing director at OVP, said Pugett Sound Energy is "really interested" in the Adapx will use the new funding to builc up its sales andmarketing efforts. The companyh currently has 37 employees but aims to grow to 45 to 50 peopl by the end of next Schneider said. Waite and Mark Maloney, a managingb partner at Paladin, are joining the Adapx board of
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