FOR IMMEDIATE RELEASE
Corum Leads Acquisition of Caligari by Microsoft
BELLEVUE, Wash., February 7, 2008 Corum Group Ltd. is pleased to announce the acquisition of its client, Caligari Corp., a Calif.-based developer of 3D modeling and animation software, by Microsoft Corp. (Nasdaq: MSFT), the Wash.-based worldwide leader in software, services and solutions.
"I talked to many people at Virtual Earth group and I am convinced that the technical team behind Virtual Earth has a significant, long-term commitment to the 3D Web," wrote Roman Ormandy, CEO of Caligari, on his companys online forum.
Founded in 1986, Caligari is best-known for developing the trueSpace 3D graphics and animation software. The company will become part of Microsoft's Virtual Earth division, which is building an immersive 3D Web mapping application.
Caligari Corporation was founded in 1986 and has remained at the forefront of 3D authoring for the Web age. Its mission is to develop collaborative 3D authoring technology that enables participants to work and learn online. The companys award-winning flagship product, trueSpace, is a 3D modeling, rendering and animation program used by 3D artists, game designers, illustrators and animators worldwide. The company is headquartered in Mountain View, California.
Founded in 1975, Microsoft (Nasdaq "MSFT") is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
About Corum Group
Corum Group Ltd. is the global leader in merger and acquisition services, specializing in serving software and information technology companies worldwide. With 14 offices globally, Corum has completed over US $6 billion in transactions in 15 countries in its over 20-year history, and publishes the industrys most widely distributed M&A research. Corums principals are highly experienced former tech CEOs, who are supported by the industrys leading researchers, writers and valuators. The company has spent more than US $20 million to build the worlds largest buyer database to help ensure unparalleled success in client engagements. For additional information, visit www.corumgroup.com.