Alias to be Sold

Technology-focused private equity firm Accel-KKR will acquire Alias from parent company Silicon Graphics Inc. (SGI). Alias is the maker of Maya, the popular 3D modeling and animation solution. The $57.5 million sale is expected to close this quarter.

"This exciting new partnership enables Alias to enhance its position as the innovation leader in 3D software," says Alias president Doug Walker. "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."

Accel-KKR managing director Ben Bisconti adds, "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."