Autodesk Closes Deal to Acquire Media 100 Software Line
Press release from the issuing company
SAN RAFAEL, Calif.--Oct. 8, 2001--Autodesk, the world's leading design and digital content creation company, today announced that it has closed the transaction announced August 30, 2001 to acquire the software product line from Media 100, a leading provider of digital media products. With this asset purchase for $16 million cash, Autodesk's Discreet Division enhances its award-winning content creation product portfolio with Media 100's world-class streaming media software solutions. The acquired software product lines will be sold and distributed by Discreet within the year 2001.
The product acquisition forms the foundation of Autodesk's entry into streaming media for the corporate and institutional markets. Autodesk's Discreet customers will now be able 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.
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