 | |
| Formerly |
|
|---|---|
| Nasdaq: VSIO | |
| Industry | Software |
| Founded | May 1, 1989 |
| Founders |
|
| Defunct | January 7, 2000 |
| Fate | Acquired byMicrosoft Corporation and reincorporated as Microsoft Visio Corporation, Inc., and folding into theMicrosoft Visio. |
| Headquarters | |
| Website | visio.com at theWayback Machine (archived November 22, 1999) |
Visio Corporation was a software company based inSeattle, Washington, USA. Its principal product was a diagrammingapplication software of the same name. It was acquired byMicrosoft and is now in a division of that company, which continues to develop the application under the nameMicrosoft Visio.
Axon Corporation was incorporated May 1, 1989, shortly after Jeremy Jaech left Aldus.[1] Later, in summer 1990, Jeremy Jaech and Ted Johnson met to come up with the initial product definition and then in the fall of 1990 recruited Dave Walter as their third founder.[2] All of its founders came fromAldus Corporation: Jeremy Jaech and Dave Walter were two of Aldus's original founders, and Ted Johnson was the leaddeveloper ofAldus PageMaker forWindows.
In 1992, before it had released a single product, the company changed its name to Shapeware. It finally released its first application, Visio, in November of that year.
When Shapeware released Visio 4.0 on August 18, 1995, it was one of the first applications developed specifically forWindows 95.
In November 1995, Shapeware changed its own name to Visio and on November 9, 1995, marked itsinitial public offering of stock under the ticker VSIO.[3]
On January 7, 2000,Microsoft Corporation acquired Visio in astock swap. Microsoft gave Visio shareholders 0.45 Microsoft shares for each Visio share. Based on the value of Microsoft stock when the deal closed, the trade was worth approximately US$1.5 billion. This was Microsoft's largest acquisition until they acquiredaQuantive.[4]
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