SAN JOSE, Calif.--(BUSINESS WIRE)--Feb. 7, 2000
MultiGen-Paradigm Inc. a leading supplier of realtime 3D software, has been selected by Frost &Sullivan as the winner of the 2000 Market Engineering Merger &Acquisition Award.
The merger between MultiGen and Paradigm Simulation has formed one of the visual simulation software market's most dominant players. Together, their synergy creates a complete visual simulation software product line that has dominated the market since late 1998.
Today, products from the Creator Pro Series, the leading 3D database generation system for creating, editing and viewing databases for visual simulation, entertainment and urban simulation, and Vega, the industry-leading software environment for realtime visual and audio simulation, virtual reality and general visualization applications, are often found as preinstalled software image generators throughout the industry.
Prior to the merger, MultiGen and Paradigm Simulation both had a strong presence in the commercial and military sectors, however, with the union, the two companies are now growing faster than either would have alone.
"At MultiGen-Paradigm, our team is focused on a singular vision" says Brian Bartel, Vice President, Marketing, MultiGen-Paradigm. "We want to create the technology that allows people to experience the real world as it really is -- in realtime and in 3D. From the inception of MultiGen-Paradigm, we have made it our goal to make our realtime 3D solutions the industry's standard. The honor of receiving this award from Frost &Sullivan validates our efforts."
"In a highly dynamic marketplace that is attracting new competitors every month, the merger between MultiGen and Paradigm Simulation has established a dominant market presence in the visual simulation software industry,' says Frost &Sullivan analyst Jerry Weltsch. "Because of this merger, MultiGen-Paradigm should maintain market supremacy for some time to come."