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Autodesk to acquire Colorfront

Autodesk, Inc. (NASDAQ: ADSK) today announced that it has signed a definitive agreement to acquire substantially all of the assets of Colorfront Ltd., the leading developer of color correction technology for film studios and digital film laboratories, for $15 million USD. This acquisition will bring comprehensive new expertise in film laboratory processes, digital post-production, color science, image processing and hardware platform optimization to Autodesk. The transaction is currently expected to close in the next 45 days, and is expected to be neutral to Autodesk's earnings in fiscal year 2006. This acquisition will bring comprehensive new expertise in film laboratory processes, digital post-production, color science, image processing and hardware platform optimization to Autodesk. The transaction is currently expected to close in the next 45 days, and is expected to be neutral to Autodesk's earnings in fiscal year 2006.Mark Jaszberenyi, CEO of Colorfront, said, "Colorfront is proud and excited to become a part of Autodesk. It's a logical and welcome evolution of our relationship, giving us the joint ability to drive faster innovation and productization of R&D initiatives. Together, we will be able to ensure continued long-term leadership in the digital intermediate and color grading market."
There are several Hollywood movies in which Colorfront technology was used: Incredible Family, Big Fish, Finding Nemo or Van Helsing.