Avid Technology announced that it has acquired NXN Software, makers of the Alienbrain asset management system. Avid said the transaction is valued at about €35 million (about £24 million).

NXN's Alienbrain product line provides asset management capabilities for creative teams working in different environments. NXN's technology provides a system for working with any file format associated with 3D models, textures, video, audio, source code and office documents.

NXN has developed versions of its products for digital entertainment and computer graphics projects; media and entertainment projects; and full-blown feature films and visual effects sequences. Although the Alienbrain server products require Windows systems, the company's client versions support multiple platforms, including Mac OS X, Linux and Windows.

Avid said its acquisition of NXN will help allow it to integrate digital asset management technology to allow it to be used in film and video postproduction, broadcast and 3D animation.

"Alienbrain systems will enhance the asset and production management features of Avid's industry-leading content creation tools, making it easy for customers to track, store, and control virtually every version and type of file in a digital project," said Avid president and CEO David Krall.

NXN founder and CEO Gregor vom Scheidt will stay on as a managing director at Avid, according to a statement from the companies.