Vizrt Purchases Curious Software
Vizrt Ltd. has acquired Curious Software, effective June 1, 2005. In consideration for the purchase of the shares or assets, Vizrt will pay $5,000,000 in cash to the Curious shareholders. Up to an additional $4,000,000 is to be paid in Ordinary Shares of Vizrt as an earn-out in four quarterly installments upon reaching certain milestones.