Toon Boom Animation Inc. announced that it has closed a definitive agreement with competitor Cambridge Animation Systems to acquire all of the Intellectual Property of Cambridge and the Animo animation software product line. Toon Boom says the acquisition furthers its market consolidation strategy in the global animation industry and reinforces its leadership in the media, entertainment and educational arenas.
‘We welcome Animo customers to Toon Boom,’ says Toon Boom president and CEO Joan Vogelesang. ‘Toon Boom caters to the needs of the animation community at large and will continue to remain on the leading edge of technology, efficiency and creative freedom. As a proponent of digital pipelines, media convergence and 2D/3D integration, this acquisition is expected to accelerate Toon Boom’s objective in delivering powerful animation solutions.’
Cambridge Animation Systems’ presence in Europe and Asia will allow Toon
Boom to continue to strengthen its market position as a primary technology partner for animation projects globally.
‘Toon Boom was the natural partner to pass on the torch and see the global
animation industry benefit from this market and technology consolidation,’ remarks Cambridge’s Cormac Slevin.
Emmy-winning Toon Boom’s client base runs the gamut from major studios to individual animators working out of home studios. Leading companies using its software solutions include Nelvana, Warner Bros., Mercury Filmworks, China Central Television, Toonz Animation India, eMation, Rough Draft Korea, Alphanim, Cosgrove Hall, Cromosoma and Enarmonia, to name a few. High-profile productions completed with Toon Boom’s technology include Les Triplettes de Belleville, Looney Tunes: Back in Action, The Rugrats, The SpongeBob SquarePants Movie, Curious George, Go West: A New Lucky Luke Adventure and The Simpsons Movie. For additional information, go to Toon Boom at toonboom.com.