Livescribe Appoints Gilles Bouchard as CEO

Former Opnext and Hewlett-Packard Executive to Push Livescribe to the Forefront of Digital Writing

OAKLAND, Calif.--()--Livescribe Inc. (www.livescribe.com), maker of the award-winning Echo™ smartpen, today announced the appointment of Gilles Bouchard as chief executive officer. Livescribe founder and former CEO, Jim Marggraff, will remain on the company’s board of directors and serve as an advisor to the company.

As CEO, Gilles will oversee strategic planning and lead product management and operations. Gilles comes to Livescribe with more than 25 years of experience in the consumer and technology industries where he has a notable track-record for setting strategic direction, growing businesses, building consumer brands and solving complex operational challenges. Prior to joining Livescribe, he was CEO and COO of Opnext, maker of fiber optic components for the telecom and data networking industries. Previously, he spent 17 years at Hewlett-Packard serving in a variety of roles. He ended his tenure at HP as executive vice president of Global Operations overseeing the company’s $50 billion supply chain. Earlier in his career at HP, Gilles led the Pavilion consumer PC division for the Americas and made the brand the dominant market leader capturing 40 percent U.S. retail share in just two years.

“Jim has been an entrepreneurial, visionary leader for Livescribe and we’re pleased that he will remain a board member and advisor to the company. Thanks to Jim’s efforts, Livescribe is well poised for rapid growth in the digital writing market,” said Tom Bevilacqua, managing director, VantagePoint Capital Partners. “Gilles’ breadth of experience and global execution skills makes him a well-suited leader for Livescribe as the company enters its next phase of growth.”

“I’m excited to join Livescribe at this pivotal time – when the tablet market is exploding and expanding consumer interest and demand for digital writing solutions,” said Gilles Bouchard, chief executive officer, Livescribe. “In 2012, we will build upon the company’s deep roots in digital writing and expand our product offering to support multiple platforms and provide a simple solution for file sharing and accessing written and spoken information any time, anywhere.”

“It’s been a spectacular journey to ignite the spark of an idea and fuel it into the success of the Livescribe smartpen,” said Jim Marggraff, Livescribe founder. “The company has an extraordinary opportunity to expand its services and products to help students and professionals capture, access and share handwritten notes electronically, whether on paper or directly on a tablet or mobile device. With Gilles at the helm, Livescribe will expand its position as the leader of digital writing.”

Gilles’ appointment comes on the cusp of the company’s five year anniversary and following additional investor backing, which leaves the company well-funded to execute its operating plan for 2012.

For a glimpse of the company’s future plans and vision, take a look at The Future according to Livescribe video. To read Jim’s recap of Livescribe milestones and learn more about Gilles’ plans for the company, visit Livescribe’s Noteworthy blog.

About Smartpens

Livescribe smartpens digitally capture everything people hear and write. To play back important information, a customer simply taps anywhere on handwritten notes in a Livescribe notebook, on a computer or a mobile device. With Livescribe Connect, sharing that information is incredibly simple to do. It’s also easy for recipients to experience shared content in the Pencast PDF format – even without Livescribe Connect. Pencast PDFs use Adobe’s ubiquitous, business-standard PDF format – so anyone with the free Adobe Reader® 10 or higher can hear, see and share an interactive Pencast PDF. Click here for more information.

About Livescribe

Located in Oakland, Calif., Livescribe has developed a new low-cost mobile computing platform, which is fundamentally advancing the way people capture, access and share written and spoken information in the paper and digital worlds. The Echo and Pulse smartpens revolutionize the act of writing by recording and linking speech to handwriting, so users never miss a word. For more information, visit Livescribe at www.livescribe.com.

About Anoto Group AB

Anoto is the world leading company behind the unique technology for digital pen and paper, which enables fast and reliable transmission of handwritten text into a digital format. Anoto operates through a global partner network that focuses on user-friendly forms solutions for efficient capture, transmission and storage of data within different business segments, e.g. healthcare, bank and finance, transport and logistics and education. The Anoto Group is headquartered in Lund, Sweden, with offices in Boston and Tokyo. Anoto traded on the Small Cap list of OMX Nordic Exchange in Stockholm under the ticker ANOT. www.anoto.com.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50138168&lang=en

Contacts

Livescribe
Jody Farrar
jfarrar@livescribe.com
or
Bite Communications
Gretchen Bender, 415-365-0471
Gretchen.bender@bitecommunications.com

Gilles Bouchard, CEO of Livescribe Inc. (Photo: Business Wire)

???news_view.multimedia.download???

Sharing

Contacts

Livescribe
Jody Farrar
jfarrar@livescribe.com
or
Bite Communications
Gretchen Bender, 415-365-0471
Gretchen.bender@bitecommunications.com