A visit to the official website gives the story:
To turn bits and bytes into the wolves and bears of Red’s “hood,” the filmmakers jetted off to a 5,000 square foot studio in the [capital] of the Philippines, Manila, where a team of top-notch animators was assembled. Lovegren and Montgomery chose Manila not only because it has a vast and experienced pool of animation talent but because most of the people there have grown up on American pop culture – and had a real appreciation for the sly humor and visual style that make HOODWINKED so distinctive.
In Manila, Lovegren and Montgomery worked together to establish cutting-edge procedures that significantly shrank the normal multi-year animation film schedule and turbo-charged the entire process. The break-neck pace was a constant challenge to the Manila artists, who fine-tuned and layered the characters and sets of HOODWINKED in the 3D world of Maya Software.