Silicon Graphics has today announced that it is to sell Alias to the private equity firm Accel-KKR. The deal is expected to be concluded during this quarter and values the company at $57.5 million (around £32 million).
Alias, currently a wholly owned subsidiary of SGI, is best known for Maya, its 3D animation and effects package. The acquisition is taking part with participation from the management of Alias, the companies claim.
"This exciting new partnership enables Alias to enhance its position as the innovation leader in 3D software," said Doug Walker, president of Alias. "Our plan is to accelerate investment in the product and service areas that provide the greatest payback for our entertainment and design customers. 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."
Ben Bisconti, managing director of Accel-KKR, said, "We are delighted to be pursuing this opportunity with the management team of Alias. 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."