SAN JOSE, Calif.--(BUSINESS WIRE)--Immersion Corporation (Nasdaq:IMMR), a leading developer and licensor of touch feedback technology, announced today the appointment of Paul Norris as Chief Financial Officer, effective May 14, 2012.
Norris was Executive Vice President, Chief Financial Officer and General Counsel of Sonic Solutions, a publicly-traded digital media company which licensed software products and entertainment solutions. During his tenure at Sonic Solutions, Norris managed global financial operations, legal strategy, domestic and international merger and acquisition transitions, and Sonic Solution’s eventual sale in 2011 to Rovi Corporation, a publicly-traded digital entertainment technology solutions and IP licensing company. Subsequent to the sale of Sonic Solutions, Norris served as an Executive Advisor to Rovi, assisting with acquisition integration activities, and as a partner at Accanto Partners, LLC, an investment fund focusing on technology and digital media companies. Prior to joining Sonic, he was also a founding partner of Steiner Norris PLLC, a Seattle-based law firm focused on advising technology companies. A veteran of the technology industry, Norris holds a Bachelor’s degree from Yale University and a Law degree from Harvard Law School.
Victor Viegas, President and CEO, commented, “Paul’s in-depth background with licensing and IP-oriented digital media technology companies is a natural fit for Immersion and makes him uniquely positioned to lead our finance team and support our sales and legal functions while further broadening our talented executive team. His financial expertise combined with his experience in executing corporate strategies will be critical, as we look to grow our licensing business worldwide while protecting our intellectual property and the interests of our shareholders.”
Remarking on Immersion, Mr. Norris stated, “It’s a privilege to be joining Immersion during this important period in the company’s development. Immersion is an innovative company and offers an exceptional portfolio of solutions and technologies for markets that are only beginning to realize the power of haptics for touch-driven user interfaces.”
About Immersion (www.immersion.com)
Founded in 1993, Immersion (NASDAQ: IMMR) is the leading innovator in haptic technology; the company's touch feedback solutions deliver a more compelling sense of the digital world. Using Immersion's high-fidelity haptic systems, partners can transform user experiences with unique and customizable touch feedback effects; excite the senses in games, videos and music; restore "mechanical" feel by providing intuitive and unmistakable confirmation; improve safety by overcoming distractions while driving or performing a medical procedure; and expand usability when audio and visual feedback are ineffective. Immersion's TouchSense technology provides haptics in mobile phone, automotive, gaming, medical and consumer electronics products from world-class companies. With over 1,200 issued or pending patents in the U.S. and other countries, Immersion helps bring the digital universe to life.
Forward-looking Statements
This press release contains "forward-looking statements" that involve risks and uncertainties, as well as assumptions that, if they never materialize or prove incorrect, could cause the results of Immersion Corporation and its consolidated subsidiaries to differ materially from those expressed or implied by such forward-looking statements.
All statements, other than the statements of historical fact, are statements that may be deemed forward-looking statements, including, but not limited to, statements regarding the market beginning to realize the power of haptics.
Immersion's actual results might differ materially from those stated or implied by such forward-looking statements due to risks and uncertainties associated with Immersion's business, which include, but are not limited to: unanticipated difficulties and challenges encountered in product development efforts by Immersion and its licensees; adverse outcomes in any future intellectual property-related litigation and the costs related thereto; the effects of the current macroeconomic climate; delay in or failure to achieve commercial demand for Immersion's products or third party products incorporating Immersion's technologies; and a delay in or failure to achieve the acceptance of force feedback as a critical user experience. Many of these risks and uncertainties are beyond the control of Immersion.
For a more detailed discussion of these factors, and other factors that could cause actual results to vary materially, interested parties should review the risk factors listed in Immersion's most current Form 10-Q and Form 10-K, which are on file with the U.S. Securities and Exchange Commission. The forward-looking statements in this press release reflect Immersion's beliefs and predictions as of the date of this release. Immersion disclaims any obligation to update these forward-looking statements as a result of financial, business, or any other developments occurring after the date of this release.
The use of the word "partner" or "partnership" in this press release does not mean a legal partner or legal partnership.
Immersion, the Immersion logo, and TouchSense are trademarks of Immersion Corporation in the United States and other countries. All other trademarks are the property of their respective owners.
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