Accel-KKR, a technology-oriented private equity firm, will acquire Alias, the maker of Maya, from SGI for $57.5 million.
"Our plan is to accelerate investment in the product and service areas that provide the greatest payback for our entertainment and design customers," said Alias president Doug Walker. "Our new partnership with Accel-KKR will facilitate this activity, providing long-term patient capital and other strategic resources to help us thrive as an independent enterprise. We believe Alias is uniquely positioned to lead and drive future innovation and, at the same time, make 3D technology more accessible to both professionals and consumers"
Ben Bisconti, md of Accel-KKR, added, "As an independent company, Alias will be in an even better position to capitalize on growth trends in the market and lead the industry in new and exciting directions."
Toronto-based Alias (www.alias.com) 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.
Accel-KKR (accel-kkr.com) was founded by venture capital firm Accel Partners and private equity firm Kohlberg Kravis Roberts 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.
Bill Desowitz, former editor of VFXWorld, is currently the Crafts Editor of IndieWire.
