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Cambridge Animation Systems Purchased from Nomura

(September 18, 2001)
Cambridge Animation Systems, developer of Animo 2D software, has been purchased from Japanese investment bank Nomura by a digital media consortium that includes an original founder of the company. The new owners are moving the company to a new and larger facility in Cambridge.

Over the past 18 months a new management team placed in the company by Nomura has completely reorganized Cambridge Animation Systems. The new management expanded Cambridge?s line of products and set up a growing reseller network worldwide. The restructuring of the business and the promise of growth made the company an attractive investment, according to Peter Florence, leader of the purchasing consortium and a founder of Cambridge Animation Systems in 1990.

"The company has dramatically accelerated its product pipeline to meet customers? needs," says Florence. "Our focus is on delivering great products such as Animo for Mac on time and bringing new products to market as quickly as possible. As a founder of this company, I know the product, people and market. I feel strongly that we are on the right path to guarantee that Cambridge Animation Systems will continue to be the leader in the 2D animation market."

Moving to new facilities in Cambridge Research Park will enable the company to continue its aggressive new product development. This year Cambridge has released a new version of its Inkworks 3D cartoon rendering program, new software called Swiffworks that delivers Macromedia Flash output to 3D animators, and Animo 4, a major upgrade of the company?s flagship software.

"With Animo 4.0 for Mac OS X due out next month, and a number of other products scheduled for release by early 2002, it was imperative that we move the company to larger, superior facilities," says Florence. "This will allow us to expand quickly once the market recovers from this period of consolidation."

About the Consortium Members
Peter Florence was the original co-founder of Cambridge Animation Systems. He served as CEO and head of U.S. operations before leaving in1996 to establish RadioScape, a digital broadcast and communications company based in London. Before Cambridge Animation, he was a producer at The Moving Picture Company and co-founder of Digital Pictures, one of the first companies in Europe producing computer graphics for the entertainment industry.

Dr. Gavin Ferris is CTO and co-founder of RadioScape. Before returning to the UK to join Peter Florence in setting up RadioScape, he was based in Los Angeles at DreamWorks SKG, where he headed a team developing the studio?s production and asset management system for animation and film production. Dr. Ferris was one of the key developers of Cambridge Animation Systems? Animo software.

Chris Briscoe is creative and technical director at Primal Pictures, which he established in the 1990s. He has a wealth of experience in computer graphics, including founding one of the world?s first 3D graphics curricula at the Slade School of Art in London. Briscoe also co-founded Digital Pictures with Peter Florence.

About Cambridge Animation Systems
Cambridge Animation Systems creates and markets integrated 2D and 3D animation software that enables artists to combine the time-honored methods of traditional animation with computer technologies for greater speed, richer images, smoother movement, and advanced special effects. The company?s products are used for feature films, animated television series, commercials, games and web media development by leading studios worldwide, including Warner Brothers, DreamWorks SKG, Nelvana Limited, Pentafour Software, Tape House, Shine Digital, Praxinos, and Colorland.

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