SAN RAFAEL, Calif., Nov. 18, 2008 - Autodesk, Inc. (NASDAQ: ADSK) today
announced that it has completed the acquisition of substantially all of the
assets of Softimage - a developer of 3D technology for the film, television
and games markets - for approximately $35 million. On October 23, 2008,
Autodesk announced it had signed a definitive agreement to acquire
Softimage from Avid Technology, Inc. (NASDAQ: AVID).
"We welcome Softimage customers, strategic partners and employees to
Autodesk," said Marc Petit, senior vice president, Autodesk Media &
Entertainment. "This acquisition brings advanced 3D tools to our
entertainment portfolio; tools that are known and loved by the 3D
entertainment community. With production pipelines becoming entirely
digital, and the convergence between games, film and television content,
this acquisition is expected to complement and accelerate Autodesk's work
in building real-time, interactive 3D authoring tools."
Petit added: "I'd like to reiterate that we plan to maintain and grow the
Softimage product line, while doing the same with our existing 3D
animation, modeling and rendering software products. Marc Stevens, former
general manager of Softimage, has joined my management team. I look forward
to working with him and the talented Softimage product and business teams
to evolve the Softimage products' capabilities."
Softimage Product, Brand and Online Store
Autodesk intends to sell standalone versions of both the SOFTIMAGE|XSI and
SOFTIMAGE|Face Robot 3D software products, and intends to continue
developing these products. The SOFTIMAGE|Cat character animation system is
a plug-in for Autodesk 3ds Max software and is expected to be integrated
into the Autodesk 3ds Max product line. The SOFTIMAGE|Crosswalk
interoperability solution is intended to be integrated with Autodesk's own
Autodesk plans to continue to use the Softimage trademark, and the
Softimage brand will become part of the Autodesk brand identity. While
there are no immediate changes to the names of Softimage products, Autodesk
intends to make changes to product branding with the next software
The Softimage online store is temporarily offline, in order for Autodesk to
integrate it with Autodesk's online store. Within a few weeks, Autodesk
expects to make Softimage products available online for customers based in
the United States. Over time, Autodesk intends to add Softimage products to
its e-stores for all regions where other Autodesk products are sold online.
For further information please visit www.autodesk.com/softimage.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks
and uncertainties, including statements regarding product offerings,
integration plans and the performance of Autodesk's business. Factors that
could cause actual results to differ materially include the following:
difficulties encountered in integrating Softimage's business; whether
certain market segments grow as anticipated; the competitive environment in
the software industry and competitive responses to the acquisition; and
whether the companies can successfully develop new products or modify
existing products and the degree to which these gain market acceptance.
Further information on potential factors that could affect the financial
results of Autodesk are included in the company's annual report on Form
10-K for the year ended January 31, 2008, and Form 10-Q for the quarter
ended July 31, 2008, which are on file with the Securities and Exchange
Softimage (previously a part of Avid Technology, Inc.) develops
leading-edge 3D technology used in customer-centric solutions that enable
professionals in the games, film and television industry to realize their
creative vision. Award-winning feature films, television productions and
top-selling video games are made using Softimage software. Its flagship
product, SOFTIMAGE|XSI, is an extensible 3D animation software solution
built on the most modern architecture in the industry and is used by
leading media and entertainment companies such as Digital Domain, Ubisoft,
SEGA Corporation, CAPCOM, Animal Logic, and The Mill. Other solutions from
Softimage include: SOFTIMAGE|FACE ROBOT, lifelike facial animation
software; and SOFTIMAGE|CAT, a complete character animation plug-in. For
additional information about Softimage, visit www.softimage.com and for
additional information about the acquisition by Autodesk, visit
Autodesk, Inc. is the world leader in 2D and 3D design software for the
manufacturing, building and construction, and media and entertainment
markets. Since its introduction of AutoCAD software in 1982, Autodesk has
developed the broadest portfolio of state-of-the-art digital prototyping
solutions to help customers experience their ideas before they are real.
Fortune 1000 companies rely on Autodesk for the tools to visualize,
simulate and analyze real-world performance early in the design process to
save time and money, enhance quality and foster innovation. For additional
information about Autodesk, visit www.autodesk.com.
Autodesk, AutoCAD, Cat, Crosswalk, Face Robot, Softimage, XSI and 3ds Max
are registered trademarks or trademarks of Autodesk, Inc., and/or its
subsidiaries and/or affiliates in the USA and/or other countries. All other
brand names, product names or trademarks belong to their respective
holders. Autodesk reserves the right to alter product offerings and
specifications at any time without notice, and is not responsible for
typographical or graphical errors that may appear in this document.
© 2008 Autodesk, Inc. All rights reserved.
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