The Intertype Corporation produced the Intertype, a typecasting machine closely resembling the Linotype, and using the same matrices as the Linotype. Founded in 1911 by Hermann Ridder, of Ridder Publications, as the International Typesetting Machine Company, but purchased by a syndicate for $1,650,000 in 1916 and reorganized as the Intertype Corporation.Originally, most of their machines were rebuilt Linotypes. By 1917, however, Intertype was producing three models of its own machine.