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RICHARDSON, TEXAs-Graphics board maker STB Systems has moved to round out its product portfolio at the top end of the performance spectrum through the acquisition of Dallas-based Symmetric Simulation Systems, a manufacturer of high-end, 3-D graphics accelerator boards used in applications such as computer-aided design, architectural walkthroughs and multimedia authoring.
The deal was completed for $200,000 in cash and 30,000 shares of STB stock, which closed March 24 at 29-1/4 per share. Under the purchase agreement, Symmetric will become a wholly-owned subsidiary of STB. Symmetric's management team and 11 employees will remain in place with Perry Copus acting as president, and the company will continue its practice of marketing its products to OEMs and...