Compudyne acquires Hollywood based Special Effects Studio

Bangalore based Compudyne Winfosystems Ltd (CWL) has announced its acquisition of the business assets Vision Art, the Santa Monica Studio's arm that produces visual effects for a consideration of US $ 4 Million. Vision Art is being renamed as Digital Art Media (DAM) and will remain in its current 8,500 sq feet studio. CWL will expand the studio by 3,500 sq feet. 


The total consideration for the acquisition of business assets of Vision Art Design and Animation Inc, US is $4.00 Million. Out of which $2 million is paid in cash and the balance by issue of 5,68,485 equity shares of CWL. The equity shares are of face value of Rs 10 each and issued at a premium of Rs 155 per share. The shares are issued to the parent company of Vision Art, Santa Monica Studios.

Longtime VFX executive producer and supervisor Marc Kolbe, VP, Vision Arts, for the last two years, was instrumental in bringing this deal to fruition. Kolbe has been named DAM's president. He will remain involved in creating VFX solutions while devoting time to managing the studio.

"This quadruples our staff, thanks to the 200 highly skilled programmers and engineers at our disposal in India," Kolbe said. "A second facility to be built in India will house an additional 300 VFX artists. That site, because of its location halfway around the globe, allows DAM to work on projects 24 hours a

day.