Pixelis director Philip Cullimore said: "As soon as the deal is completed there will be more announcements. But were under a confidentiality clause at the moment. The plan is that the new owners have a re-launch at Ipex."
The firm, which produced ProofCREATOR and ProofROOM, has closed its website and its phone lines are non-operational.
Last year Pixelis had been looking for funding to develop new products, after coming close on four occasions (PrintWeek, 6 April 2001).
However, its failure to attract sufficient investment has been linked to the fallout from the dotcom slump.
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