Autodesk Making Discreet Purchase
In June, Avid Technologies bought Softimage [AF 6/17/98], combining two powers of digital production and 3D graphics. Not to be outdone, in a similar yet reversed situation, San Rafael, California-based Autodesk, Inc. (Nasdaq: ADSK) has announced plans to acquire Montreal, Canada-based Discreet Logic (Nasdaq: DSLGF). Autodesk is the parent company of Kinetix, makers of 3D graphics and animation software such as 3D StudioMAX and Character Studio. The merger had some foreshadowing, as Kinetix and Discreet Logic announced a product integration partnership in March [AF 4/7/98].