M&A Deal Summary

Autodesk Acquires Softimage

On October 23, 2008, Autodesk acquired software company Softimage from Avid for 35M USD

Acquisition Highlights
  • This is Autodesk’s 18th transaction in the Software sector.
  • This is Autodesk’s 13th largest (disclosed) transaction.
  • This is Autodesk’s 3rd transaction in Canada.
  • This is Autodesk’s 2nd transaction in Quebec.

M&A Deal Summary
Date 2008-10-23
Target Softimage
Sector Software
Buyer(s) Autodesk
Sellers(s) Avid
Deal Type Divestiture
Deal Value 35M USD

Target

Softimage

Montreal, Quebec, Canada
Softimage develops 3D technology used in customer-centric solutions that enable professionals in the games, film and television industry to realize their creative vision. Its flagship product, SOFTIMAGE|XSI, is an extensible 3D animation software solution built on the most modern architecture in the industry and is used by media and entertainment companies.

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Buyer(S) 1

Buyer

Autodesk

San Rafael, California, United States
Category Company
Founded 1982
Sector Software
Employees12,600
Revenue 5.0B USD (2023)
DESCRIPTION
Entrance to Autodesk's corporate headquarters in Mill Valley, California.
Entrance to Autodesk's corporate headquarters in Mill Valley, California.

Autodesk is a provider of design software for customers in the architecture, engineering, construction, manufacturing, digital media, consumer, and entertainment industries. Autodesk's sophisticated software products enable customers to experience their ideas before they are real. Customers are able to imagine, design, and create their ideas by visualizing, simulating and analyzing real-world performance early in the design process by creating and manipulating digital prototypes. Autodesk's professional software products are sold globally, both directly to customers and through a network of resellers and distributors. Additionally, the Company sells a line of consumer products for digital art, personal design and creativity, and home design. Autodesk was founded in 1982 and is based in San Rafael, California.

DEAL STATS #
Overall 22 of 60
Sector (Software) 18 of 36
Type (Divestiture) 3 of 5
State (Quebec) 2 of 3
Country (Canada) 3 of 5
Year (2008) 5 of 7
Size (of disclosed) 13 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-11 3D Geo

Potsdam, Germany

3D Geo GmbH, a privately held maker of intelligent 3D urban models software, based in Potsdam, Germany. 3D Geo offers software and services for geo-visualization: solutions for effectively creating, analyzing, managing, and distributing large-scale geo information.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-01 Hanna Strategies

Atlanta, Georgia, United States

Hanna Strategies, an engineering services firm that offers software development with centers in Shanghai, China, Atlanta, Georgia and Pune, India.

Buy -

Seller(S) 1

SELLER

Avid

Burlington, Massachusetts, United States
Category Company
Founded 1987
Sector Software
Employees1,485
Revenue 417M USD (2022)
DESCRIPTION

Avid is a provider of audio and video technology for media organizations and independent professionals. Company customers use Avid solutions to create, distribute, and monetize the most prestigious and award-winning films, videos, music recordings, TV shows, live concerts, and news broadcasts. Avid was founded in 1987 and is based in Burlington, Massachusetts.

DEAL STATS #
Overall 1 of 2
Sector (Software) 1 of 2
Type (Divestiture) 1 of 2
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-02 Sibelius Software

London, United Kingdom

Sibelius Software Ltd. is a music applications software company with products for professionals, educators, and students who want to use computers to write, teach or learn music.

Buy $23M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-31 Maximum Throughput

Montreal, Quebec, Canada

Maximum Throughput, Inc provides ultra high-performance solutions serving the storage infrastructure and media management needs of the entertainment industry.

Buy -
Mergr

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