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Avid Acquires Digital Asset Management Firm NXN for $44 Million

Authored by Mark Hefflinger on January 26, 2004 - 2:34am.
Tewksbury, Mass. -- Avid Technologies, a provider of professional video and audio editing equipment, announced on Monday that it has acquired NXN Software, a German provider of digital asset management software for the entertainment and computer graphics industries, for about $44 million. Companies including Sony Pictures Imageworks, China Central Television and Electronic Arts currently use NXN's alienbrain software to manage a range of differing digital files -- such as 3D models, textures, video, audio, source code and office documents. "Alienbrain systems will enhance the asset and production management features of Avid's content creation tools, making it easy for customers to track, store, and control virtually every version and type of file in a digital project," said Avid president and CEO David Krall.
tags: Avid | Digital | NXN | Asset Management |

Asset Management Firm Schroders Takes 20% Stake in U.K. Games Firm Eidos

Authored by Mark Hefflinger on December 12, 2003 - 5:15am.
London -- Asset management firm Schroders has purchased a 19.1% stake in U.K.-based video game developer Eidos, GamesIndustry.biz reported. The investment, valued at around $61 million, makes Schroders the single largest shareholder in the company, with more than ten times the share of Eidos creative director Ian Livingstone. Eidos is responsible for creating game franchises including "Lara Croft Tomb Raider," "Hitman" and "Deus Ex." "If [Schroders] have made an investment of this size, they must think it is a good industry to be in, and if you adopt that view, then within the U.K. Eidos is one of the best ways to be involved in the games sector," analyst firm Novell Consultancy's Nicholas Lovell told GamesIndustry.biz. http://www.gamesindustry.biz/content_page.php?section_name=pub&aid=2699=  http://www.eidos.com
tags: Games | Eidos | U.K | Asset Management | Schroders |