Autodesk announced its intent to acquire the iLogic desktop design automation technology on December 2, 2008. Terms were not disclosed.
The acquisition supports Autodesk's commitment to providing a comprehensive Digital Prototyping solution to manufacturers of all sizes, giving them the ability to design, visualize and simulate their products before they are built, reducing the reliance on constructing multiple physical prototypes. The addition of the iLogic technology will strengthen the Autodesk solution for Digital Prototyping by bringing user-friendly tools for rules-based design and automation to mainstream manufacturers.
Autodesk, Inc., is a world leader in 2D and 3D design software for the manufacturing, building and construction, and media and entertainment markets. Since its introduction of AutoCAD software in 1982, Autodesk has developed the broadest portfolio of state-of-the-art Digital Prototyping solutions to help customers experience their ideas before they are real. Fortune 1000 companies rely on Autodesk for the tools to visualize, simulate and analyze real-world performance early in the design process to save time and money, enhance quality and foster innovation. For additional information about Autodesk, visit www.autodesk.com.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding product offerings and business plans. Factors that could cause actual results to differ materially include the following: difficulties encountered in integrating Logimetrix's technology; whether certain market segments grow as anticipated; the competitive environment in the software industry and competitive responses to the acquisition; and whether Autodesk can successfully develop new products or modify existing products and the degree to which these gain market acceptance.
Further information on potential factors that could affect the financial results of Autodesk are included in the company's annual report on Form 10-K for the year ended January 31, 2008, and Form 10-Q for the quarter ended October 31, 2008, which are on file with the Securities and Exchange Commission.
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