SAN RAFAEL, Calif., June 16, 2005 /PRNewswire-FirstCall via COMTEX/ -- Autodesk, Inc.
(Nasdaq: ADSK) today announced that it has completed the acquisition of
Colorfront Ltd. for $15 million USD. On April 18, 2005, Autodesk announced a
definitive agreement to acquire Colorfront -- the leading developer of color
correction technology for film studios and digital film laboratories. This
acquisition positions Autodesk for long-term growth in the digital film
industry and is expected to be neutral to Autodesk's earnings in fiscal year
2006.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050415/SFF034LOGO )
Colorfront, a privately held company based in Budapest, Hungary, worked
with Autodesk to co-develop the Discreet Lustre digital color grading system.
Introduced in April 2003, the Lustre system has enabled digital content
creators to realize their ideas in feature films such as Sin City, The Polar
Express, The Phantom of the Opera and National Treasure.
Autodesk offers the media and entertainment industry's most comprehensive
set of digital film solutions, including its Academy Award-winning* Discreet
Inferno and Discreet Flame systems, Discreet Fire and Discreet Smoke editing
and finishing systems, Autodesk 3ds Max 3D animation software and Autodesk
Toxik collaborative compositing software.
About Autodesk
Autodesk, Inc. is wholly focused on ensuring that great ideas are turned
into reality. With six million users, Autodesk is the world's leading software
and services company for the building, manufacturing, infrastructure, digital
media, and wireless data services fields. Autodesk's solutions help customers
create, manage, and share their data and digital assets more effectively. As
a result, customers turn ideas into competitive advantage by becoming more
productive, streamlining project efficiency, and maximizing profits.
Founded in 1982, Autodesk is headquartered in San Rafael, California. For
additional information about Autodesk, please visit www.autodesk.com.
* In 1998, Gary Tregaskis, Dominique Boisvert, Philippe Panzini and
Andre Leblanc were awarded the Scientific and Engineering Award from the
Academy of Motion Picture Arts and Sciences for the design, development
and implementation of Autodesk's Discreet Inferno and Discreet Flame
software.
NOTE: Autodesk, Discreet, Lustre, Inferno, Flame, Fire, Smoke, 3ds Max
and Toxik are either registered trademarks or trademarks of Autodesk, Inc., in
the USA and/or other countries. Academy Award is a registered trademark of the
Academy of Motion Picture Arts and Sciences. All other brand names, product
names, or trademarks belong to their respective holders.
Contacts: Roohi Saeed, 514-954-7296; Nicole Pack, 415-507-6282
Emails: roohi.saeed@autodesk.com; nicole.pack@autodesk.com
SOURCE Autodesk, Inc.
Roohi Saeed, +1-514-954-7296, or roohi.saeed@autodesk.com, or Nicole Pack,
+1-415-507-6282, or nicole.pack@autodesk.com, both of Autodesk, Inc.
