Cedara Software Corp. announced that Analogic Corp. sold the 4,580,461 shares it held in Cedara, representing approximately 14.6 percent of the company's outstanding shares.
   
Analogic gained net proceeds of over $50 million from its investment in Cedara.
   
In September 2001, Analogic made a $7.5 million investment in Cedara in order to secure access to Cedara's medical imaging software.
   
Cedara recently inked a long-term deal to allow Analogic and its subsidiaries to use its software, and the two companies' sales organizations pledged to promote each other's products.