R2 lands distribution partner for Japan

June 23, 1999

Mammography CAD developer R2 Technology of Los Altos, CA, has signed a product distribution deal with Marubeni America that gives Marubeni rights to sell its ImageChecker product in Japan. The deal extends for three years and is subject to minimum

Mammography CAD developer R2 Technology of Los Altos, CA, has signed a product distribution deal with Marubeni America that gives Marubeni rights to sell its ImageChecker product in Japan. The deal extends for three years and is subject to minimum purchase requirements. R2 executives believe that Japan will establish a national mammography screening program within the next two years, creating demand for ImageChecker.

In related news, R2 closed a $6 million round of venture financing last month, with Marubeni America and its parent firm, Marubeni Corp., joining with R2’s other financial backers in plowing more cash into the firm. R2 said it would use the money to finance its marketing efforts for ImageChecker in the U.S. and Japan.

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