TORQUE SYSTEMS ACQUIRES DAX

Torque Systems, Inc. (San Francisco) has acquired Digital Art Exchange (DAX) (Boston). Terms of the acquisition were not disclosed, but it does not include the PrintPlanet.com spin-off. DAX employees will now form Torque Systems' Boston office. DAX network products will be offered and supported by Torque Systems nationwide. The announcement comes just a few weeks after DAX COO Martijn van Steeg announced that investors had decided not to pursue the venture any longer, and had given the company until the end of May to find a partner or buyer. “This acquisition is a big step in broadening our ...

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