Complex sentence: In 1995, a consortium of Eastman Kodak (PhotoCD), Microsoft, Hewlett-Packard, and Live Picture Inc were looking for a powerful image file solution, and Live Picture's solution was the best approach for handling large image files.
Split into simpler sentences: In 1995, a consortium of Eastman Kodak (PhotoCD), Microsoft, Hewlett-Packard, and Live Picture Inc were looking for a powerful image file solution. And Live Picture's solution was the best approach for handling large image files.