Packaging

Brady Corporation Announces Divestiture of Its Global Teklynx Software Business

Monday 20. December 2010 - Brady Corporation (NYSE:BRC), a world leader in identification solutions, announced today that it has sold its Teklynx software business.

Teklynx, a barcode labeling software company with annual revenues of approximately $10 million, is headquartered in Auch, France. Its primary products include Codesoft, Sentinel, Labelview and Labelmatrix software. Details of the transaction were not disclosed.
“The divestiture of Teklynx is in keeping with our long-term growth strategy to focus our energies and resources on growing our core business,” said Brady President and Chief Executive Officer, Frank M. Jaehnert. “We will continue to offer the Teklynx range of barcode software products to our customers.”