3ality Digital, a Burbank provider of 3D production technology and services, on Thursday said that it acquired Element Technica of Los Angeles, which makes motorized 3D camera rigs, for an undisclosed amount.
3ality will change its name to 3ality Technica as a result of the acquisition, which it said will make the company the world’s largest provider of stereoscopic 3D camera rigs, image processors, and accessories used by the motion picture and broadcast industry.
Stephen Pizzo and Hector Ortega, founders of Element Technica, will join 3ality Technica’s senior leadership team. 3ality Digital Chief Executive Steve Schklair will lead the combined companies.
Clearlake Capital Group L.P. of Santa Monica, which became the lead financial backer of 3ality in April, facilitated the acquisition, details of which were not disclosed.
“This transaction will create the film and broadcast industry’s only end-to-end solution for live-action stereoscopic 3D,” Behdad Eghbali, Clearlake founding partner, said in a statement. “We expect the combined company to continue to lead the industry as the proliferation of digital 3D media accelerates.”
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