Toon Boom acquires Cambridge Animation

MONTREAL, CANADA: Toon Boom Animation Inc. has closed a definitive agreement with Cambridge Animation Systems, to acquire all of the Intellectual Property of Cambridge and the Animo product line.

This acquisition furthers Toon Boom’s 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," said Joan Vogelesang, President and Chief Executive Officer at Toon Boom. "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," concluded Joan Vogelesang.

With Cambridge Animation Systems’ presence in Europe and Asia, Toon Boom continues to strengthen its leading market position as the 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," stated Cormac Slevin, at Cambridge.