Praxisoft, head-quartered in Woburn, Massachusetts, was founded in November 1994 to develop software that would allow color to be matched between all hardware devices used in a networked digital workflow and has since become a leader in digital color matching solutions for the design, prepress, print and Internet industries. Praxisoft helps graphic professionals with matters ranging from simple color profiling to professional color management. Digital color matching is the utilization of software to automatically and consistently obtain a color match between one hardware device, such as a digital camera or printer, to another. The largest reason for waste in the over $300 billion worldwide printing industry is due to color not matching what the customer ordered, and thus matching the color is of extreme importance. Internet apparel companies report that over 30% of their returns are due to the color not matching what the consumer ordered, and Praxisoft will be able to solve this troublesome problem for Internet apparel companies with their software and services.
The undersigned acted as the financial advisor to Praxisoft, LLC.