Boulder, Colorado (May, 2008) Anark Corporation, a leading provider of advanced 3D solutions, announced today that it has sold its Entertainment Software Division, including its award winning Gameface UI software platform. It also completed an additional funding transaction that will allow it to focus entirely on its rapidly growing Enterprise 3D CAD-PLM and Visualization division. Hadley Partners advised Anark on these transactions.
Anark's Entertainment Division has delivered powerful 3D tools and middleware platforms to leading video game and entertainment content developers since 2002. Anark's products helped streamline interactive 3D content creation and deployment for many industry leading customers, such as Microsoft, Sony, and Nvidia.
In mid-2007, Anark launched the Anark Core Platform, targeted at the enterprise CAD-PLM market. This revolutionary software platform dramatically reduces repetitive CAD file conversion and preparation tasks, enabling efficient and secure interoperability between producers and consumers of 3D CAD data for applications such as OEM-Supplier data exchange, technical illustration, and visual-simulation.
“The combined effect of the sale of our entertainment division and our capital raise is that we can really work to accelerate the growth of our enterprise 3D business and our Anark Core Platform in particular,” said Stephen Collins, president and CEO of Anark. “I would like to thank Hadley Partners for their assistance, their responsiveness and their judgment in connection with these transactions. They played exactly the role we wanted from an advisor, and I look forward to working with them again in the future.”
For additional information about this transaction, please contact David Hadley at firstname.lastname@example.org.
About Anark: Anark Corporation provides powerful enterprise software and solutions to manufacturing organizations that need to cost-effectively utilize their 3D CAD data and other graphics assets for visualization, simulation, CAE, and supply-chain data exchange.
Anark helps market leaders such as Boeing, Cessna, Pratt & Whitney, Lockheed Martin, and NVIDIA unlock the potential of their 3D data assets to save money, accelerate product development, and to collaborate and communicate more effectively and securely.
For more information, please visit: www.anark.com.
About Hadley Partners, Incorporated (www.hadleypartners.com)
Founded in 1999, Hadley Partners always seeks to provide the highest-quality merger & acquisition advisory, private placement and financial advisory services. We have a world-class team of veteran bankers that bring Wall Street experience to middle-market and emerging growth companies. Our goal is to develop relationships of trust with the leaders of these companies and with investors that pursue investment opportunities in such companies. We provide our services in a fair and flexible manner, and we always put our clients’ interests first. Hadley Partners, Incorporated is a registered broker-dealer, and a member of the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation.
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