the Alias sale finally happened 2004-04-15 - By Anthony Rossano
Back
Hey all -
hot off the wire this am;
Accel-KKR To Acquire Alias From SGI : see the text below.
I checked the Accel-KKR web site. Nothing else 3D related, and the
board doesn't look like anything more than a bunch of financial
managers.
This means one thing: they think they can squeeze more revenue out of
Maya than SGI thought they could.
So, my prediction is higher costs for Maya users, probably in upgrade
costs, maybe in price rises.
I predict it all ends in tears...
ATR
Accel-KKR To Acquire Alias From SGI
15 April 2004, 09:05am ET
MENLO PARK, Calif. & TORONTO--(BUSINESS WIRE)--April 15, 2004--
Alias continues to pioneer innovative 3D software and services
to entertainment and design customers
Accel-KKR and Alias(R), a Silicon Graphics Inc. (NYSE:SGI) company,
today announced a definitive agreement with SGI(R) under which
Accel-KKR, with participation from the management of Alias, will
acquire Alias from SGI for $57.5 million USD. 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. Accel-KKR is a technology-focused private
equity firm.
"This exciting new partnership enables Alias to enhance its position as
the innovation leader in 3D software," said Doug Walker, President of
Alias. "Our plan is to accelerate investment in the product and service
areas that provide the greatest payback for our entertainment and
design customers. Our new partnership with Accel-KKR will facilitate
this activity, providing long-term patient capital and other strategic
resources to help us thrive as an independent enterprise. We believe
Alias is uniquely positioned to lead and drive future innovation and,
at the same time, make 3D technology more accessible to both
professionals and consumers. The breadth of applications for this
category of software is enormous."
[ Anthony Rossano ]
- CEO, Mesmer Inc -
-tel: 206.782.8004-
-fax: 206.782.8101-
http://www.mesmer.com
---
Unsubscribe? Mail Majordomo@(protected) with the following text in body:
unsubscribe xsi
|
|
