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Adobe Is to Purchase The Foundry

Adobe Is to Purchase The FoundryAmerican software giant Adobe is understood to be preparing a bid for British visual-effects software developer The Foundry.

The UK technology company, whose 20,000 clients include Warner Bros, Sony Pictures and Pixar, was put up for sale late last year by private-equity owners Carlyle, who have hired advisers at Arma Partners to drum up interest. Carlyle is said to be looking for offers of between150m and 200m pounds, which reported 10m pounds of earnings last year.

The Foundrys visual- effects tool, Nuke, has been used in most modern major blockbusters, from period dramas to big-ticket sci-fi action adventures, such as Tom Cruises Edge of Tomorrow (pictured), Guardians of the Galaxy, Avatar and The Twilight Saga.

The software works by stitching together different layers of filming with green screen animation and CGI to create the shot.

However, the British technology firm is understood to have attracted interest from Adobe and because of the opportunity to apply The Foundrys visual effects and 3D tools to the wider business community.

More about the news is in news story via The TelegraphUK