Kaydara and Alias agree to merge. Details to follow later today…
Los Angeles, SIGGRAPH August 8, 2004 Alias and Kaydara® today announced that Alias has signed an agreement to acquire Kaydara, a leading developer of real-time 3D character animation and motion editing solutions in the entertainment industry. SIGGRAPH® 2004 marks Alias debut as an independent company following the completion of Alias acquisition by Accel-KKR and Ontario Teachers Pension Plan from SGI®. Alias is the leading provider of 3D graphics technology and services for the film, video games, web, interactive media, automotive, industrial design, education and visualization markets. Kaydara has quickly become the recognized leader in its field, and this strategic acquisition brings an additional pool of highly complementary intellectual and technical property to Alias existing product and service portfolio, said Doug Walker, president of Alias. This move effectively unites the top 3D product development talent in Toronto and Montreal allowing our team to harness this combined creative power and deliver innovative 3D software solutions that enable our customers to create, visualize and communicate the worlds most compelling digital visual experiences.
Operating under the Alias name, Kaydara will remain in Montreal and current President Michel Besner will stay with the company and join Alias Executive Management Team.
Kaydara has built an impressive business over the past ten years, serving a number of leading clients in the television, film, game development, and Web content industries, said Michel Besner, president of Kaydara. The time was right to team up with Alias, as Kaydara will now benefit from access to further investment, Alias existing technology, and the companys strong global marketing and distribution network. Ultimately, this union will bring even greater value to customers of both companies and the overall 3D industry.
Kaydara products most notably MOTIONBUILDER® and Kaydara FBX will continue to support all current industry platforms and will be sold as standalone products under the Alias brand name. Kaydara FBX, a widely used standard for the universal exchange and reuse of 3D content, will continue to be offered as a vendor neutral format. MOTIONBUILDERs unique real-time architecture, intelligent character technology and breakthrough story system lets any 3D animator create state-of-the-art results in record time, while FBX allows animation teams to easily transfer assets between multiple tools used during production. Recognizing the importance of openness and accessibility in the production pipeline, Alias has pledged to continue to offer Kaydara FBX as a vendor neutral format, further underscoring the companys commitment to the overall success of the 3D industry.
The future for Alias is incredibly positive, Walker continued. This is our first major step taken since becoming an independent company and operating in an environment enabling Alias to deliver significant new value to our customers in a shorter period of time. Were in a unique position to push the science of 3D further and faster than we ever have before, and well continue to evaluate organic growth opportunities and additional strategic acquisitions in the design and entertainment markets.
The purchase is expected to close within 60 days, subject to the satisfaction of certain conditions.