October 23, 2008

Autodesk Signs Agreement with Avid Technology to Acquire Softimage

San Rafael, Calif. - Autodesk Inc. and Avid Technology Inc. have signed a definitive agreement for Autodesk to acquire substantially all of the assets of Avid's Softimage business unit for approximately $35 million.
Softimage, founded in 1986 and headquartered in Montreal, Canada, develops 3D technology for the film, television, and games markets. Its flagship product is Softimage|XSI, an extensible 3D animation software solution used by media and entertainment companies. 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 recognized as best-of-breed in the entertainment industry," says Marc Petit, senior vice president, Autodesk Media & Entertainment. "Upon the completion of this acquisition we will beadding 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 GamesTechnology 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, adds: "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 providea 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. 
Autodesk plans to acquire and continue developing the following Softimage products:
o SOFTIMAGE|XSI: Including XSI Essentials, XSI Advanced, XSI Academic, XSI Mod Tool and the XSI software development kit.
o SOFTIMAGE|Face Robot: A complete software solution for easily rigging and animating 3D faces. Face Robot enables studios to create life-like facial animation at incredible speeds.
o SOFTIMAGE|Cat: This character animation system is a plug-in for Autodesk 3ds Max software. It is intended to be integrated into the 3ds Max product line.
o SOFTIMAGE|Crosswalk: This interoperability solution is intended to be integrated with Autodesk's own interoperability technology.
Petit comments: "As we have demonstrated since the acquisition of Alias in 2006, we're committed to giving our customers choice when it comes to their 3D tools. We plan to maintain and grow the Softimage product line, and through Autodesk FBX provide better interoperability between Softimage products, 3ds Max, and Autodesk Maya. FBX also provides interoperability between Softimage products and our specialized applications such as Autodesk Mudbox, Autodesk MotionBuilder, Autodesk ImageModeler and AutodeskStitcher, as well as numerous third-party applications."
Petit concludes: "At Autodesk, we care deeply about 3D technology; we know users invest a lot of time and energy into mastering their favorite 3D product. To all 3D artists out there, I want to tell you that we understand your passion for the creative tools you use daily, and that with Autodesk, you can choose your passion."