Image Metrics Spins Off Product Line

Santa Monica-based Image Metrics is announcing today that it is spinning off its FACEWARE product line to a new company, Faceware Technologies Inc.. According to the firm, the spinout will enable each of the firms to focus on separate products and services to different markets. Financial details of the spinout were not disclosed. The companies said that Faceware Technologies will be led by Ron Ryder, currently the CFO and COO of Image Metrics, during the transition.