What is Pantone and why do they release a Colour of the Year? Pantone, meaning ‘all colours,’ is a company founded in 1963 by Lawrence Herbert. He developed the first ever colour matching system, so that there would be a universal language for colour. It meant companies could assign an exact colour to their brand, knowing that it will be an exact match across every application for which it is used. In other words, it made everyone's life a lot easier! There are 1,867 colors i