Acquisition of Alias Completed; Ontario Teachers' Pension Plan partners with Accel-KKR as Acquisition is Finalized; Alias Poised For Future Growth as an Independent Company.Business Editors
TORONTO & MENLO PARK Menlo Park.
1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there.
2 Uninc. , Calif.--(BUSINESS WIRE)--June 15, 2004
Accel-KKR, the Ontario Teachers' Pension Plan The Ontario Teachers' Pension Plan (OTPP), commonly referred to as Teachers', is the organization responsible for administering pensions for public school teachers of Ontario. The OTPP also invests the plan's pension fund. (Teachers') and Alias management, today announced the completion of the acquisition of Alias from SGI (SGI, Sunnyvale, CA, www.sgi.com) A manufacturer of workstations and servers, founded in 1982 by Jim Clark. The company was founded as Silicon Graphics, Inc., but changed to its acronym in 1999. (NYSE NYSE
See: New York Stock Exchange : SGI) for $57.5 million US. Accel-KKR is a technology-focused private equity firm and Teachers' is one of Canada's largest pension plans with net assets Net assets
The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand.
See owners' equity. of more than $75 billion CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. . Alias is the leading provider of 3D graphics technology and services for the film, video games See video game console. , web, interactive media, automotive, industrial design, education and visualization markets.
"We are very excited to be moving into our next phase of growth with the backing of two such prestigious organizations," said Doug Walker, President of Alias. "Both Accel-KKR and Teachers' have embraced Alias' vision and mission and we anticipate their backing will help us continue to deliver innovative solutions enabling our customers to create, visualize and communicate the world's most compelling digital visual experiences. Accel-KKR and Teachers' will be solid business partners that will help extend our resources and network of business relationships. Our goal will be to capitalize on the enormous market potential in the 3D software market for both professionals and consumers."
Tom Barnds, Managing Director of Accel-KKR commented, "We are pleased to complete this investment and begin working with Alias to execute its business plan as an independent company. We have spoken to a wide range of customers and have consistently heard how much they value Alias' innovative software and services."
Ben Bisconti, Managing Director of Accel-KKR added, "We are excited about Alias' future and look forward to working with Doug Walker and his team as they continue to develop advanced industry-leading solutions."
Jim Leech, Senior Vice-President, Ontario Teachers' Pension Plan, added, "We are delighted to have the opportunity to invest in Alias, the global leader in 3D graphics software. It is a world-class company with an impressive management team and great potential for growth."
There will be no changes to the management team, organization, services, support or product availability as a result of the sale of the business.
As the world's leading innovator of 3D graphics technology, Alias develops award-winning software, custom development and training solutions for the film and video, games, web, interactive media, automotive, industrial design, education and visualization markets. On March 1, 2003, for the awards year 2002, the Academy of Motion Picture Arts and Sciences awarded Alias/Wavefront(TM) an Oscar(R) for scientific and technical achievement for the development of Maya(R) software, the professional 3D animation and effects package. Alias also offers a powerful range of services for new to advanced users in the most demanding environments. Learning Tools and training, support, and professional services help meet rigorous production deadlines.
Entertainment customers include: Acclaim Entertainment, Inc., CNN CNN
or Cable News Network
Subsidiary company of Turner Broadcasting Systems. It was created by Ted Turner in 1980 to present 24-hour live news broadcasts, using satellites to transmit reports from news bureaus around the world. , Digital Domain, Disney, Electronic Arts, Industrial Light & Magic, Factor 5 LLC (Logical Link Control) See "LANs" under data link protocol.
LLC - Logical Link Control , Midway Games, Nintendo, Pacific Data Images Pacific Data Images was a computer animation production company that was bought by DreamWorks SKG. It is now known as PDI/DreamWorks and is half of DreamWorks Animation SKG, Inc., the public company formed by merging PDI and the feature animation division of DreamWorks. (PDI PDI Protein Disulfide Isomerase
PDI Personal Docente e Investigador (Spanish: Personal Educational and Investigating)
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PDI Professional Development Institute ), Pixar, Sega, Sony Pictures Imageworks Sony Pictures Imageworks, Inc. is an Academy Award-winning, state-of-the-art visual effects and character animation company.
Individuals at the company have been recognized by the Academy of Motion Picture Arts and Sciences with Oscars for their work on Spider-Man 2 , Square Co., Ltd., Warner Feature Animation and Weta Ltd. Design customers include AT&T, BMW BMW
in full Bayerische Motoren Werke AG
German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. , Boeing, Fiat, Ford, General Motors, Honda, Italdesign, Kodak, Kwikset, Mattel, Price Pfister, Renault, Rollerblade, Sharp, Trek Bicycle, Teague and Timex.
Alias is headquartered in Toronto with a Custom Development Center in Santa Barbara. Please visit the Alias website at http://www.alias.com or call 1-800-447-2542 in North America. International contact numbers include: Northern Europe, Middle East and Africa, +44 (0) 1494 441273; Germany, East & Southeast Europe, 0049 89 31 70 20; France, Spain and Portugal, +33 1 44 92 81 60; Italy, 39 039 6340011; Japan and other parts of Asia Pacific, 81 3 5797 3500 and Latin America, 770 393 1881.
Accel-KKR is a technology-focused private equity investment firm founded by venture capital firm Accel Partners and private equity firm Kohlberg Kravis Roberts Kohlberg Kravis Roberts & Co (commonly referred to as KKR) is a New York City-based private equity firm that focuses primarily on late-stage leveraged buyouts. It was founded in 1976 by Jerome Kohlberg, Jr., and cousins Henry Kravis and George R. and Co. Accel-KKR invests primarily in technology companies with between $25 million and $150 million in revenue. Accel-KKR prefers majority ownership positions and investment opportunities in which it can contribute to the creation of long-term shareholder value. At the core of Accel-KKR's investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies.
The Ontario Teachers' Pension Plan is an independent corporation responsible for investing $75.7 billion in assets and administering the pensions of Ontario's 250,000 active and retired teachers. With a solid track record of investment in North America and Europe, Ontario Teachers' has $4.5 billion invested in private and venture capital including companies that seek to grow and add value to their businesses in the telecommunications, information technology, and biotechnology sectors.
(C) Copyright 2004 Alias Systems Corp. All rights reserved.
Alias and Maya are registered trademarks and the swirl logo and Alias/Wavefront are trademarks of Alias Systems Corp. in the United States and/or other countries. SGI is a registered trademark of Silicon Graphics, Inc. in the United States and/or other countries worldwide. Oscar is a trademark and service mark of the Academy of Motion Picture Arts and Sciences. All other products or companies mentioned are trademarks or service marks of their respective owners. Alias, 210 King Street East, Toronto, Ontario, Canada, M5A 1J7, Tel: 416-362-9181, Fax: 416-369-6140.