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AUTODESK COMPLETES LARGEST EVER ACQUISITION; DEBUTS NEW DISCREET DIVISION.

Discreet Also Announces Latest Version Of Widely Popular 3D Studio MAX Animation Tool

Autodesk Inc. last week completed its $410 million acquisition of Discreet Logic Inc., while at the same time announcing its new Discreet entertainment division,

which combines Discreet, a leading developer of visual effects, editing and broadcast solutions, and Kinetix, the San Francisco-based multimedia business unit Autodesk created in 1996.

And in a related development at last week's Computer Games Developers Conference, Discreet also unveiled 3D Studio MAX R3, a major new release of its best-selling professional 3D modeling and animation solution for PCs. The purchase of Discreet Logic represents the largest acquisition in Autodesk's history and creates the company's second largest operating division.

The combination of popular products from Discreet and Kinetix -- including inferno, flame, flint, fire, smoke, frost, edit, effect, pint, Lightscape, 3D Studio MAX, 3D Studio VIZ and Character Studio -- are widely used in film and video post production and editing, game authoring, design visualization, broadcast graphics and on-air production. Discreet's advanced systems and software have also been widely adopted for use in the production of many feature films.

"The combination of Discreet Logic and Kinetix further establishes Autodesk as a leader across the broad spectrum of digital content creation," says Eric Herr, Autodesk president and acting vice president of Discreet. "We are fully committed to advancing the award-winning technology for which Discreet Logic and Kinetix have historically been known. This includes continued leadership in powerful and creative 2D and 3D systems and software that offers the best in-contest interactive feedback and powerful tool sets for the world's most talented visual artists, editors and operators. We intend for the leadership which has set us apart in the past to continue and grow in our future."

"Today marks an exciting milestone for Discreet, culminating in our ability to focus a unified team on solving our customers' most complex production challenges," adds Mahmound Al-Daccak, vice president of product development at Discreet. "Our focus continues on building innovative technology and delivering integrated systems and software solutions based on the platforms best suited to deliver the required value, performance, interactivity and features. We remain firmly committed to our UNIX, PC/NT and MAC strategies, perfecting the development on each platform to best cater to our broad and diverse customers' needs and expectations."

Autodesk is a leading supplier of PC design software. The company's 2D and 3D products are used in many industries for architectural design, mechanical design, mapping, film and video production, video game development and Web content development.