Adobe will pay £200m for The Foundry
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8 hours ago

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Adobe will pay £200m for The Foundry
26 April, 2015
News

The Telegraph reports, that an American company Adobe is preparing to acquire the British visual-effects company The Foundry. This studio specializes in developing high-quality CGI-software for Warner Bros, Sony Pictures, Pixar. The company has over 20 thousand clients from entertainments industry. The Foundry was founded in 1996 and currently the company employs 370 people.

The Foundry was up for sale since late last year. Its owners from Carlyle wants to get around £150-200 million for the deal. The Foundry is a profitable business. In 2014 this company earned £10m. One of the most popular tools from the company is called Nuke. it was used during the production of various films, including Edge of Tomorrow, Guardians of the Galaxy, Avatar and The Twilight. This software stitches together different layers of filming with green screen animation and CGI. It’s incredibly complicated.

Adobe wants to acquire The Foundry and make its visual effects and 3D tools available to a wider audience.

One of the products that will fill Adobe’s portfolio is called Modo. It’s a great tool for concept designers, which could be used to prototype various products in 3D. There’s also a new 3D-painting tool coming, created with the help of the production house owned by Peter Jackson.

More information about The Foundry could be found at our vendor section.

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