Alias is to acquire Kaydara, the real-time 3D character animation and motion-editing solutions developer.
The companies announced that an agreement has been signed at SIGGRAPH. The show marks Alias' debut as an independent company following the completion of its acquisition from Silicaon Graphics by Accel-KKR and Ontario Teachers' Pension Plan.
Alias president Doug Walker said: "This strategic acquisition brings an additional pool of highly complementary intellectual and technical property to Alias' existing product and service portfolio. This move effectively unites the top 3D product development talent in Toronto and Montreal – allowing our team to harness this combined creative power and deliver innovative 3D software solutions that enable our customers to create, visualize and communicate the world's most compelling digital visual experiences."
Kaydara president Michel Besner said: "The time was right to team up with Alias, as Kaydara will now benefit from access to further investment, Alias' existing technology, and the company's strong global marketing and distribution network."
Walker added: "This is our first major step taken since becoming an independent company and operating in an environment enabling Alias to deliver significant new value to our customers in a shorter period of time. We're in a unique position to push the science of 3D further and faster than we ever have before, and we'll continue to evaluate organic growth opportunities and additional strategic acquisitions in the design and entertainment markets."
Operating under the Alias name, Kaydara will remain in Montreal and current president Michel Besner will stay with the company and join Alias' Executive Management Team.
Kaydara products – including Motionbuilder and Kaydara FBX – will continue to support all current industry platforms and will be sold as standalone products under the Alias brand name, according to the companies.
The purchase is expected to close within 60 days, subject to the satisfaction of certain conditions.