Kodak to Buy Applied Network Solutions

Eastman Kodak Co. said it will buy Applied Network Solutions Inc., a digital photography services company, for an undisclosed amount, boosting its products for the entertainment market. Closely held ANSI will be dissolved, and its top executives will join Kodak’s Themed Entertainment unit, which provides digital-based images at theme parks, sporting events and other locations. Rancho Cucamonga-based ANSI uses photographic hardware and software to produce images used in portraits at events such as the Oscars. ANSI executives said the market for digital images is becoming so large that they can accomplish more by joining Rochester, N.Y.-based Kodak than they could alone. ANSI has 11 employees and annual revenue of $3 million to $5 million. Kodak shares fell $4.25 to close at $79.625 on the NYSE.