Primax, Visioneer and Xerox in ménage à trois

Visioneer is to buy into the ScanSoft division of Xerox and at the same time said it would sell its hardware outfit to Taiwanese company Primax. Primax will buy the hardware component for around $7 million and will call the subsidiary Visioneer. Visioneer will create a new company called ScanSoft, specialising in scanner software with a 55 per cent stake. Xerox will keep 45 per cent of its stake. And they will all be snug together in their new bed. ®