Autodesk wraps up Softimage buy
EmptyAutodesk has completed its purchase of 3-D computer graphics software developer Softimage from Avid Technology for $35 million, effectively giving the company complete ownership of the market.
Softimage's XSI is one of three key 3-D software programs used in entertainment production. The others — Maya and 3ds max — already are owned by Autodesk.
Avid bought Softimage from Microsoft in 1998 for $285 million in cash and stock.
Former Softimage GM Marc Stevens has joined Autodesk's management team as a vp in the games technology group. The majority of the Softimage staff of about 90 also will join Autodesk.
With the deal, Avid exits the 3-D computer animation market, which CEO Gary Greenfield has said was not a "strategic fit."