In a US$35m deal, 2D and 3D design software manufacturer Autodesk has acquired substantially all of the assets of Avid Technology Inc.’s Sortimage business unit. Softimage develops 3D technology for the film, television and games markets
Its 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 colour grading solutions for the 3D market, including entertainment and design industries.
Said Marc Petit, senior vice president, Autodesk Media & Entertainment. “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.’
Gary Greenfield, CEO and chairman of Avid Technology, added: “We are excited about what this transaction means for customers of Softimage. The Softimage 3D product line has performed well in the video games market, a sector where Autodesk has a track record of success. Autodesk will provide a great home for the business.’
Upon completion of the acquisition, Autodesk intends to continue developing and selling Softimage’s core product line, while integrating certain Softimage technology into future versions of Autodesk solutions and products.