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Alias Purchased By Private Equity Firm

After months of trying to find a home for Alias, Silicon Graphics finally found a suitor in Accel-KKR, a private equity firm with offices in Palo Alto, CA and London, UK....
After months of trying to find a home for Alias, Silicon Graphics finally found a suitor in Accel-KKR, a private equity firm with offices in Palo Alto, CA and London, UK. Accel-KKR acquired Alias from SGI for $57.5 million, a price that seems reasonable -- if not a downright bargain -- given the company's positive cash flow and leadership position in the 3D market. Alias, an independent company wholly-owned by SGI, posted revenue of $51.8 million and had an operating profit of $4.9 million for the nine months ended March 26, 2004. The sale is expected to close this quarter.

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