From animationmagazine.net:

Toon Boom Animation Inc. announced that it has closed a definitive agreement with competitor Cambridge Animation Systems to acquire all of the Intellectual Property of Cambridge and the Animo animation software product line. Toon Boom says the acquisition furthers its market consolidation strategy in the global animation industry and reinforces its leadership in the media, entertainment and educational arenas.

“We welcome Animo customers to Toon Boom,” says Toon Boom president and CEO Joan Vogelesang. “Toon Boom caters to the needs of the animation community at large and will continue to remain on the leading edge of technology, efficiency and creative freedom. As a proponent of digital pipelines, media convergence and 2D/3D integration, this acquisition is expected to accelerate Toon Boom’s objective in delivering powerful animation solutions.”

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Tags: animo, cambridge, toon boom