As part of its growth strategy, Toon Boom Animation Inc. acquires
Cambridge Animation Systems and strengthens its market leadership as a
prime animation technology partner.

Montreal (January 8, 2009) ‘Toon Boom Animation Inc. today announced
it has closed a definitive agreement with Cambridge Animation Systems,
to acquire all of the Intellectual Property of Cambridge and the Animo
product line. This acquisition furthers Toon Boom’s 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,” said Joan Vogelesang,
President and Chief Executive Officer at Toon Boom. “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,”
concluded Joan Vogelesang.

With Cambridge Animation Systems’ presence in Europe and Asia, Toon
Boom continues to strengthen its leading market position as the
primary technology partner for animation projects globally. “Toon Boom
was the natural partner to pass on the torch and see the global
animation industry benefit from this market and technology
consolidation,” stated Cormac Slevin, at Cambridge.