Autodesk to Acquire Media 100 Software Line
SAN RAFAEL, Calif. Aug. 30, 2001 -- Autodesk, Inc., announced that it has signed an agreement to acquire the software product line from Media 100. With this acquisition, Autodesk's Discreet Division enhances its award-winning content creation product portfolio with Media 100's world-class streaming media software solutions -- allowing Discreet customers to create, distribute, re-purpose and publish media content for consumption via the Internet, corporate Intranets and IP-enabled devices such as cell phones and PDAs.
The asset purchase for $16 million cash is expected to close during Autodesk's third quarter and is anticipated to be non-dilutive to Autodesk's expected earnings for the current fiscal year.
The software acquisition forms the foundation of Autodesk's entry into streaming media for the corporate and institutional markets. Streaming delivers immediate playback of content over the Internet, without the need to download, and is fast becoming the distribution medium of choice for films and entertainment, advertising, corporate/investor communications, and distance learning and training.
Software acquired from Media 100 includes the Cleaner family of products -- Cleaner 5, Cleaner EZ, Cleaner Live, Charger and SuperCharger -- and the editing and dynamic streaming media production software of CineStream, EventStream technology, EditDV, and IntroDV. Cleaner and its related products complement Discreet's entire family of content creation solutions, and is the industry's leading cross-platform (Macintosh and Windows) encoding software that delivers interactive streaming video and audio to websites -- such as live-event webcasting. CineStream, its predecessor EditDV, and IntroDV will provide Discreet with cross-platform streaming media production and non-linear DV editing technology. These new software products will reach new customers in the corporate, institutional and prosumer market segments.
Media 100, led by CEO John Molinari, will continue developing digital media systems, such as iFinish and Media 100i, as well as continuing support for its ICE family of effects acceleration solutions, and its MediaPress family of real-time MPEG-2 encoding solutions. Key development and support personnel from the software division of Media 100, currently based in its Los Gatos, CA office, will transition over to the Autodesk Discreet division.
For more information, visit www.discreet.com/streamingmedia.
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