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Former IBM vice chairman brings strong mix of business and industry savvy to innovative 3D software company.

Wednesday, Apr 7, 1999 5:00 AM

RESEARCH TRIANGLE PARK, N.C., April 7, 1999 - Geomagic, Inc., the software company that introduces simplicity and automation to 3D model creation, today announced that Paul Rizzo, former IBM vice chairman has joined the company's Board of Directors. Mr. Rizzo's appointment comes as a result of funding by Franklin Street/ Fairview Capital. Mr. Rizzo is chairman of Franklin Street Partners and a general partner of Franklin Street/Fairview Capital.

"My contribution will be to guide the development of Geomagic's business strategies," said Paul Rizzo. "I am very pleased to take this position on their Board."

Paul Rizzo, who was one of the founding stockholders of Franklin Street Partners, recently retired from his position as vice chairman of the board of IBM Corporation. He currently serves on the boards of directors of several corporations, including Johnson & Johnson, Ryder Systems, and Cox Enterprises, Inc., which are listed on the New York Stock Exchange, and NASDAQ-listed Pharmaceutical Product Development, Inc. and Kenan Transport Company. Mr. Rizzo is also former dean of the Kenan Flagler Business School at the University of North Carolina at Chapel Hill. He holds a BS from the University of North Carolina at Chapel Hill.

"I am honored to have Paul join our Board," said Ping Fu, co-founder, chairman, and chief technology officer of Geomagic. "He is very knowledgeable and brings a wealth of experience and connections to Geomagic."

About Geomagic

Geomagic (www.geomagic.com) is a global company dedicated to advancing and applying 3D technology for the benefit of humanity. Geomagic’s scanning and design software solutions are used to capture and model 3D content from physical objects, organically sculpt complex shapes, and prepare products for manufacturing. In addition, the company produces powerful 3D metrology and inspection software that verifies dimensional quality by comparing as-built products to master designs. Geomagic’s Sensable Phantom haptic devices simulate the sense of touch in a digital environment. 

Geomagic’s software and hardware are utilized by world-class customers in a variety of industries, including aerospace, automotive, medical, consumer products, toys, collectibles, coindesign, jewelry, fine art, heritage restoration, research, education, mold making, entertainment, training and surgical simulation. In fact, some of the world’s leading companies and research organizationsuse Geomagic software, including Ford, BMW,Boeing, Harley DavidsonTimberland, Mattel/Fisher Price, Lego, Pratt & WhitneyNASA, Schneider Electronic, 3M, Danaher and Invisalign. Geomagic is based in Research Triangle Park, N.C., USA, with an office in Boston, subsidiaries in Europe and Asia, and channel partners worldwide.

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Geomagic, Geomagic Studio, Geomagic Qualify, Geomagic Qualify Probe, Geomagic Spark, Wrap, Geomagic Wrap, Phantom, OpenHaptics, Omni, Freeform, Claytools, Sensable and Sensable Technologies, Inc. are trademarks or registered trademarks of Geomagic Inc.  All other trademarks are the property of their respective owners.

Media Contact:

Rachael Taggart
Geomagic, Inc.
+(1) 919-474-0135
Contact Rachael