3ality Digital Attracts Additional Funding

Clearlake Capital has led and sponsored the recapitalization of 3ality Digital. In connection with the transaction, Clearlake has acquired the majority of the newly-issued preferred stock of the company and will own a majority of the voting shares of 3ality Digital. 3ality Digital management also participated in the transaction. Additional terms were not disclosed.

“Clearlake Capital is investing in the biggest revolution in entertainment and sports production today – the emergence of 3D film and video programming, and we are thrilled to welcome them at this exciting time,” said Steve Schklair, Founder of 3ality Digital, who will continue to serve as the company’s CEO. “3ality Digital offers acknowledged leadership and best-in-class technologies, and we have been first in almost every 3D production event around the world. The backing of world-class investors ensures our continued significant investment in cutting-edge technologies that are driving down costs while significantly improving quality in 3D production.”

“As an early investor in 3ality Digital, the Modell family is thrilled to be joined by outstanding new partners,” said David Modell, Chairman of 3ality Digital. “Clearlake Capital has made a large commitment that is a strong validation of our strategy and our position as a 3D technology development leader at the top of this exploding market.”

In connection with the transaction, Mr. Eghbali and Prashant Mehrotra, a Vice President at Clearlake, have joined the Company’s Board of Directors.

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