Creo | Eastman Kodak Company

Creo develops hardware and software for the pre-printing and digital printing industries. The company currently has five divisions: digital media, digital printing, print management software, digital photography and non-durable products. Creo has been in Israel since it bought Scitex's pre-printing division in 2000.

Creo was founded in Canada in 1992 by former Israeli Dan Gelbart. Gelbart was joined a year later by a group of Israeli engineers from an earlier version of Orbotech. Two of them were Michelson and Rolant. Creo hadn't managed to sell any products yet and Michelson decided to take the company into print technologies.

Creo went public, selling four million shares on the Toronto exchange in 1996 for $9.4 million. It exploited the technology boom on Nasdaq in 1999, this time selling five million shares for $75 million. But its really big move came in buying out Scitex's per-print division in 2000, in a stock swap valued at $640 million.

Creo was acquired by Kodak for approximately $980 million on January 31, 2005. At the time it had over 4,200 employees, 5 buildings in the Greater Vancouver area, with 3 in the Burnaby area and 2 facilities in Delta, BC. Dan Gelbart retired from Kodak in 2007.