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Toon Boom Animation acquires Pegs’n Co’s

Emmy award-winning Toon Boom Animation Inc. today announced that it has signed a definitive agreement with Pegs’n Co, a privately held developer of 2D bitmap animation technology. With this strategic market consolidation, Toon Boom Animation will deliver greater animation solutions and reinforce its growth strategy in the media, entertainment and educational arenas.
"Toon Boom’s software solutions are recognized as the market leading technology in the animation industry and the integration of Pegs’ technology in Toon Boom’s portfolio will enable the company to continue delivering quality, efficiency and reliability to the animation community – for all animation styles, formats and users," said Joan Vogelesang, President and Chief Executive Officer at Toon Boom. Toon Boom Animation Inc. will hold a press conference at MIFA 2006 on Wednesday, June 7 at 11:30 at its booth 2.03 to present the new solutions and address all media inquiries.

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