Monday, September 24, 2007

Intel to Acquire Havok

Intel To Acquire Havok
From http://www.intel.com/pressroom/archive/releases/20070914corp.htm

SANTA CLARA, Calif., Sept. 14, 2007 – Intel Corporation today announced it
has signed a definitive agreement to acquire Havok Inc., the leading
provider of interactive software and services used by digital media
creators in the game and movie industries. Havok will become a wholly owned
subsidiary of Intel.

The acquisition will enable developers in the digital animation and game
communities to take advantage of Intel's innovation and technology
leadership in the creation of digital media.

"Havok is a proven leader in physics technology for gaming and digital
content, and will become a key element of Intel's visual computing and
graphics efforts," said Renee J. James, vice president and general manager
of Intel's Software and Solutions Group. "Havok will operate its business
as usual, which will allow them to continue developing products that are
offered across all platforms in the industry."

Havok's modular suite of software development tools is used by game and
digital animation creators to build realistic video games for all types of
hardware and digitally animated movies. The company's combination of
superior technology and dedication to customers has led to its technology
being used in more than 150 of the world's best-known game titles,
including "BioShock," "Stranglehold," "Halo 2," "Half Life 2," "The Elder
Scrolls IV: Oblivion," "Crackdown," "Lost Planet: Extreme
Condition," "MotorStorm" and "Harry Potter and the Order of the Phoenix."
In addition, Havok products have been used to create special effects in
movies such as "Poseidon," "The Matrix," "Troy," "Kingdom of Heaven"
and "Charlie and the Chocolate Factory."

"This is a great fit for Havok products, customers and employees," said
Havok CEO David O'Meara. "Intel's scale of technology investment and
customer reach enable Havok with opportunities to grow more quickly into
new market segments with new products than we could have done organically.
We believe the winning combination is Havok's technology and customer know-
how with Intel's scale. I am excited to be part of this next phase of
Havok's growth."

Havok was founded in 1998 in Dublin, Ireland, and has offices in San
Francisco, San Antonio, Stockholm, Calcutta, Munich and Tokyo. The company
will be a wholly owned Intel subsidiary and continue to operate as an
independent business working with its customers in developing digital media
content. Terms of the agreement were not disclosed.

About Intel
Intel, the world leader in silicon innovation, develops technologies,
products and initiatives to continually advance how people work and live.
Additional information about Intel is available at www.intel.com/pressroom
and blogs.intel.com

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