Adapx raises $10M - Puget Sound Business Journal (Seattle):

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The company's technology allows architects, soldiers and others working in the fielxdto "write" with a digital pen -- for make notes or sketches, or plot pointsz on a map -- and save that informationb to a computer application. The technology allows workers to collect data or make changesa to blueprints andplanw remotely, in real time, and the data can be quicklyu be shared with others. Along with the Adapx (pronounced "adapts) announced it has broughf on Ken Schneider, a local technologyy industry veteran, as its new CEO. Schneideer has put in two stintsaat Redmond-based (NASDAQ: MSFT) and was also presidenr of Bellevue-based Cognisoft Corp.
, an internet software company that was acquires by Verity Inc. of Sunnyvale, in 1997 for $10 million. He also ran web operations at Etersa Inc., an online horticultural busines in Mount Vernon that went bankrupytin 2001. OVP was an investore in both Verityand Etera. Adapx was originally called NaturalpInteraction Systems. The company was foundexd in 1999 in Portlandc by Philip Cohen andDavid McGee, two researchers at Oregon Health & Science The company initially targeteds the military and received research fundinbg from the Defense Advanced Research Projects Agency (DARPA).
But the founders began eyeing commercialp markets, and eventually recruited Schneider, an executiv e with deeper sales experience. Schneider replacer Cohen as CEO of the The Adapx system is designed to work withsoftwarw that's commonly used in the field, such as Microsoft Office OneNote and Autodesk AutoCAD. Schneider said potentiaol customersinclude architects, construction workers and emergency crews, and oil engineers. "Ourt technology is designed to digitally enablew what people do naturally inthe field," Schneide said. The concept of digital pens has been around for a though so farit hasn't take n off with the public.
Todayt a number of companies offerdigital pens, includinvg LiveScribe Inc. of Calif., Iogear Inc. of Irvine Calif., and LeapFrog Enterprisesa Inc. of Emeryville, Calif. Schneider, said the other digital pens on the markeg today are focused more at and said Adapx stands out for its focus on business Schneider declined to name specific but said the company has clienta in the defense and homelandsecurity sectors, loca governments, utilities, and the construction and petroleum industry. Chad a managing director at OVP, said Puget Soune Energy is "really interested" in the technology. Adapz will use the new funding to build up its salee andmarketing efforts.
The compangy currently has 37 employees but aims to grow to 45 to 50 peopld by the end ofnext year, Schneider said. Waite and Mark a managing partnerat Paladin, are joining the Adapx boarrd of directors.