Animation Factory To Jupitermedia
JUPITERMEDIA'S JUPITERIMAGES DIVISION ANNOUNCES ACQUISITION ANIMATION FACTORY (New York, NY - December 27, 2005) - Jupitermedia Corporation (Nasdaq: JUPM) today announced that its Jupiterimages division has acquired the assets of Animation Factory, Inc., which includes the MediaBuilder Network of Web sites, (www.animationfactory.com) and (www.mediabuilder.com), from VA Software Corporation (Nasdaq: LNUX - News) for $9.35 million in cash and the assumption of certain liabilities. Animation Factory, based in Sioux Falls, South Dakota, offers paid online subscriptions for royalty-free 3D clip art, animated graphics, video backgrounds, Microsoft PowerPoint templates, and e-mail, and Web page backgrounds for business and personal use. Creative professionals and prosumers access Animation Factory's collection of more than 400,000 original animations and Web designs to incorporate graphics into e-mail, Internet messaging, Web pages, presentations and mobile phones. Animation Factory's MediaBuilder Network of Web sites, which generates over 18 million page views per month, also offers free online graphics tools which help to drive users to buy Animation Factory's paid products.
"Animation Factory's leadership position in providing 3D animations, clipart, video clips and PowerPoint presentations further expands Jupiterimages' range of image offerings and solidifies Jupiterimages' position as the dominating company providing images by paid online subscription," stated Alan M. Meckler, Chairman and CEO of Jupitermedia Corporation. "We anticipate significant sales and business synergies between Animation Factory and our Jupiterimages division as well as our other Jupitermedia properties. We also expect that this acquisition will immediately be accretive to our earnings and cash flows," added Meckler.
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