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WAVEFRONT & THOMSON DIGITAL IMAGE JOIN FORCES TO EXPAND COMPUTER GRAPHICS MARKET

 ANAHEIM, Calif., Aug. 2 /PRNewswire/ -- Wavefront Technologies Inc. and Thomson Digital Image (TDI), pioneers in 2D and 3D computer graphics software today announced an agreement to combine the two companies. Under the terms of the agreement, TDI's parent company, Thomson, will transfer all TDI products, technologies and shares to Wavefront. Thomson will become a major shareholder in Wavefront. The transaction is still subject to approval by the appropriate U.S. and French governmental authorities and is expected to be finalized by the end of September.
 Wavefront and TDI are technology leaders in complementary aspects of the computer-generated imagery (CGI) production process. Wavefront is the leader in post-production and animation software, and TDI is a premier supplier of innovative modeling and rendering software. While both companies serve similar customer bases in the engineering, entertainment and government markets, Wavefront is the CGI market-share leader in America; TDI is the European leader; and each holds substantial positions in Asia-Pacific. Together, the combined company represents the industry's largest CGI-installed base and offers an enriched and expanded line of 2D and 3D computer graphics software and services. To preserve customers' investments, the company will continue to support and enhance Wavefront and TDI products.
 "By joining forces with TDI, we optimize the strengths of both companies and present a unique opportunity for our customers," said Larry Barels, Wavefront's chairman. "In addition to providing leading- edge, reliable technology for all phases of the CGI production process, this union enables us to offer customers access to the greatest concentration of technical expertise in the CGI field -- something neither of us could have done alone."
 Academy Award-winner and mutual customer of Wavefront and TDI, Tim McGovern, senior vice president at Sony Pictures ImageWorks, supports the move. "This is a brilliant opportunity for the company to integrate two highly complementary product lines. It seems like a great fit."
 One of the immediate benefits of the combination is that Wavefront's COMPOSER(TM) and Visualizer Paint(TM) products have been optimized for the TDI customer base and are now available through a special SIGGRAPH promotional offering. The next step will be to make TDI's 3Design(TM) surface modeler available to Wavefront users. Simultaneously, the company will work closely with customers to create a product roadmap that integrates individual product strengths and identifies new product development opportunities.
 "This union clearly makes our operations and technology the leading force in the CGI market," said Yvon Peresse, TDI president. "Customers can continue to expect the high level of localized technical and sales support that has characterized our success."
 As part of the agreement, Barels will continue in his current position as chairman of Wavefront and a representative of Thomson will sit on its board of directors. Wavefront's headquarters will remain in Santa Barbara with additional business and development centers in Paris, Vancouver and Tokyo.
 -0- 8/2/93
 /CONTACT: Rebecca Groose of Wavefront, 805-962-8117, or Claudine Cecille of TDI, 33-1-43-87-5858/


CO: Wavefront Technologies Inc.; Thomson Digital Image ST: California IN: CPR SU: JVN

GT-LH -- SJ009 -- 8191 08/02/93 09:01 EDT
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Publication:PR Newswire
Date:Aug 2, 1993
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