Aliso Viejo, Calif. - Smith Micro Software Inc. will add the e frontier 3D graphic andanimation solutions Poser, Anime Studio, and Manga Studio to its family of consumer-focused products
Smith Micro will acquire ownership and distribution rights of certain e frontier assets in exchange for $6 million in cash and anticipates the deal to be immediately accretive upon close of the transaction, expected in the fourth quarter of 2007.
E frontier had total revenues in excess of $7 million for the fiscal year ending March 2007.
"The rapid advancement of technology has made computer animation and 3D modeling available to everyone and the animation industry is one of the hottest growth segments within the consumer marketplace," says William W.Smith, Jr., president and CEO of Smith Micro Software Inc. "We are excited to significantly broaden our consumer portfolio with the addition of Poser, Manga Studio and Anime Studio. These popular products not only compliment our current multimedia offerings, but positions Smith Micro as a leading player in this space."
Mr. Smith adds, "As a part of this transaction we also acquired all the rights for the Aquazone product line. This includes the new Aquazone Mobile Edition that is available exclusively in Japan to NTT DoCoMo and Softbankmobile subscribers. Our goal is to capitalize on our strong presence in the wireless marketplace and introduce the Aquazone Mobile Edition to our wireless partners and mobile users throughout the world."
The fast-growing global animation and 3D market reached nearly $60 billion in sales in 2006 and is expected to pass the $80 billion sales mark by 2010.