Autodesk Inc will acquire all of the assets of Avid Technology Inc’s Softimage business unit in a $56 million buy-out deal.
Autodesk Inc is an American-based multinational corporation that focuses on 2D and 3D design software for use in architecture, engineering and building construction, manufacturing, and media and entertainment.
Avid’s Softimage business is headquartered in Canada and develops 3D technology for the film, television and games markets.
Softimage’s flagship product is SOFTIMAGE|XSI, an extensible 3D animation software solution used by leading media and entertainment companies, including Digital Domain, Ubisoft, SEGA Corporation, CAPCOM, Animal Logic and The Mill. Autodesk Media & Entertainment provides animation, visual effects, editing/finishing and color grading solutions for the 3D market, including entertainment and design industries.
“Softimage has been developing state-of-the-art 3D technology for more than 20 years, and its products are recognised as best-of-breed in the entertainment industry,” said Autodesk Media & Entertainment senior vice president, Marc Petit.
“Upon the completion of this acquisition we will be adding Softimage technology and products to our portfolio, and welcoming one of the most talented teams in the industry to Autodesk Media & Entertainment. Both will help us accelerate the work of our Games Technology Group, as we build the next-generation of real-time, interactive 3D authoring tools for games, film and television.”
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