Autodesk Signs Definitive Agreement to Acquire Alias

Acquisition to Extend Autodesk’s 3D Graphics Leadership in the Manufacturing and Media and Entertainment Industries

Autodesk, Inc. (NASDAQ: ADSK) today announced that it has signed a definitive agreement to acquire Alias®, a privately held developer of 3D graphics technology, for $182 million in cash. This acquisition will grow Autodesk’s expertise and offerings for the design of consumer products and automotive as well as in the media and entertainment markets. Autodesk anticipates that the transaction will close within the next four to six months.

"This acquisition brings to Autodesk a highly talented group of individuals, a wealth of technologies and a great set of products," said Carl Bass, COO of Autodesk. "Alias’ technology spans several of our most important markets and augments the synergy between our design and media businesses. Our design customers are demanding more powerful visualization, animation and publishing capabilities. Our media and entertainment customers are increasingly using the data created by our design applications for broadcast, film and games projects. By combining the technology and talents of our two companies, we will be better able to continue delivering solutions that address our customers’ complex needs."

Founded as Alias Research in 1983, Alias is headquartered in Toronto, Canada. Alias customers are some of the world’s premier entertainment and manufacturing companies, including Industrial Light & Magic, DreamWorks SKG, Nintendo, General Motors and BMW. Alias revenues were $83 million in the fiscal year ended June 30, 2005.

Alias’ product lines comprise sketching, animation, visual effects, design, modeling, rendering and reviewing solutions. Alias MotionBuilder® is Alias’ 3D character animation product, Alias FBX® is widely used in the exchange and use of 3D content, and Maya® is the company’s Academy Award-winning 3D application. These products will augment Autodesk’s offering in the film and video and interactive games segments. Alias StudioTools™ – software for design tasks from 2D sketches to production models – will add industrial design and high-end visualization capabilities to Autodesk’s manufacturing solutions. Autodesk will continue to develop the Alias product lines in conjunction with Autodesk’s complementary products and technologies.

"This acquisition is designed to leverage the strengths of both companies," stated Doug Walker, president and CEO of Alias. "Alias’ customers will benefit from nearly $300 million in R&D spending while having access to new and complementary products and technologies. Together, Autodesk and Alias will deliver products and services that give form to great ideas from the fantasy world of film to the factory floor."

The acquisition is subject to a number of closing conditions, including regulatory approval. Targeted non-GAAP EPS for this transaction, which excludes in-process R&D expenses, acquisition-related restructuring costs, equity-based compensation expenses, and the reduction of deferred revenues assumed by Autodesk as required by US GAAP, is expected to be slightly accretive to earnings in fiscal 2007. Autodesk is currently unable to provide estimates of the future impact of this transaction on GAAP earnings per share. Absent the impact of the acquisition, Autodesk has not changed any of its previously issued guidance.

Financial Analyst and Investor Conference Call Details
Autodesk will host a financial analyst and investor conference call today at 5:30 p.m. EDT to discuss this acquisition. The live announcement may be accessed at 866-825-1692 or +1 617-213-8059 (passcode: 31416736). A replay of the call will be available at 7:30 p.m. EDT on our website at www.autodesk.com/investors or by dialing 888-286-8010 or +1 617-801-6888 and reference 13316654 as the passcode. An audio webcast will also be available beginning at 5:30 p.m. EDT at www.autodesk.com/investors. A replay of this webcast will be maintained on our website for at least twelve months.

Additional Information
Additional information about this transaction is available at: http://www.autodesk.com/autodeskandalias.

This is very shocking news. First Adobe takes over Macromedia, now Autodesk takes over Alias :?

Whats next? Microsoft takes over Apple?

i dont see anything wrong with it, as they have to satisfy a very demanding market that wont take any BS (me included), so having two companies work as one will be cool

BioALIEN wrote:

This is very shocking news. First Adobe takes over Macromedia, now Autodesk takes over Alias :?

Whats next? Microsoft takes over Apple?

Well also there was the 'Corel buying out Jasc' and 'Corel selling off Bryce to DAZ Productions'.

I always thought Alias a lot was bigger than Autodesk. hmm, I do wonder what is next. Perhaps someone will soon buy little old Maxon (cinema 4d).

Xeo, you're mistaken. Autodesk (3dmax) is the photoshop equivalent of the 3d world. Always has and probably will always remain (especially with this take over) the world's leading 3d modeling application of choice.

Now with this aquisition, what will happen to the fate of the two giants? Will 3dmax and maya merge together and become one application? Will they share all their features and strengths? Either way, looks like 3dmax pose no major competition anymore. Lets hope the developers dont get too lazy :roll:

Also you're quiet right about the Corel take over of Jasc!

Ah right wow. You know, I never realised Discreet was a division of Autodesk! Shiiiiit Max and Maya...wonder if they have plans on merging the two or keeping them separate?

Autodesk > Discreet > Autodesk

Its a really messy past, probably down to poor structure within the organisation. I'll let SithLord or Elf have a go at explaining the true background behind the divisions that brought you 3dstudio formerly known as 3D Studio Max R(version)

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Came by because I got a report on spam, and saw BioAliens reply about the discreet name....

First it was known as Autodesk Entertainment or something like that (AFAIK, might be wrong) Then they changed the name to kinetix, then to discreet, then to Autodesk Media and Entertainment.

Discreet/Autodesk MAE is a division of Autodesk, which is mainly known for CAD programs, like AutoCAD, which many of you might know, just like Alias|Wavefront is a division of SGI... Interesting, no? ;)

About the name 3ds max...
Originally the name was 3d studio... That was before it was made for DOS, WAY back in the days. Then when it became DOS based, the name was changed to 3d studio max. Then some stuff happened at kinetix (that was the name back then) some new people got into kinetix, kinetix got the name discreet, and they decided to change the name of 3d studio max, to just 3ds max, because 3d studio max was more like "The DOS version" (though the first releases of the windows version had the same name).
I'm not 100% sure about all this, but it should be something like that... :)

Oh and Xeo, they'll be kept separate, because of the user groups... :)

Well thanks for your insight ELF, do I need to ask you for references for the above "alligations"? ;)

AME/discreet got an official webboard mostly occupied by the powerusers/insiders... Always a good reference for the newest and hottest ;)