(SAN RAFAEL, Calif., June 16, 2005) 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.
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. (NASDAQ: ADSK) 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
http://www.autodesk.com.
*In 1998, Gary Tregaskis, Dominique Boisvert, Philippe Panzini and André 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.
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