Monotype Acquires Web Design Studio, Mark Boulton Design

WOBURN, Mass.--(BUSINESS WIRE)--Monotype Imaging Holdings Inc. (Nasdaq: TYPE), a leading provider of typefaces, technology and expertise for creative applications and consumer devices, has acquired Mark Boulton Design Ltd., a seven-person Web design studio based in Cardiff, Wales, U.K.

Monotype acquired all outstanding shares of Mark Boulton Design Ltd. (a privately-held company) for approximately $1.75 million, including inducement awards of approximately $1.0 million in restricted common stock