It was founded in 1981 by Matthew Carter and Mike Parker among others. It was located in Marlborough, Massachusetts. The font business, including MyFonts, was acquired by Monotype Imaging in March 2012.[2][3] The remainder of the business, responsible for Pageflex and Bolt Browser, was spun off to a new entity named Marlborough Software Development Holdings Inc.[4][5] It was later renamed Pageflex, Inc following a successful management buyout in December 2013.[6]