Autodesk Completes Acquisition of ALGOR, Inc.

SAN RAFAEL, Calif., Jan. 20 /PRNewswire/ -- ALGOR's Complementary Software Offerings Will Strengthen the Autodesk Solution for Digital Prototyping

SAN RAFAEL, Calif., Jan. 20 /PRNewswire-FirstCall/ -- Autodesk, Inc. (NASDAQ: ADSK) today announced that it has completed the acquisition of ALGOR, Inc. (ALGOR), a leading provider of analysis and simulation software. Autodesk announced its intent to purchase ALGOR for $34 million on December 17, 2008.

The addition of ALGOR simulation technologies will enhance the Autodesk solution for Digital Prototyping with sophisticated new simulation capabilities such as thermal and fluid flow analysis, enabling customers to better optimize and improve product designs before manufacturing.

"The addition of ALGOR product lines to Autodesk's existing portfolio will complement our simulation capabilities and provide customers with a more comprehensive solution for Digital Prototyping," said Robert "Buzz" Kross, senior vice president of Autodesk Manufacturing Solutions. "We look forward to an exciting new chapter in helping our customers make informed product development decisions."

Business Outlook

This transaction is expected to have no impact on previously issued guidance.

About Autodesk

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 impact of the acquisition on Autodesk's earnings per share, product offerings and the performance of its business. Factors that could cause actual results to differ materially include the following: difficulties encountered integrating the ALGOR business; 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.

Autodesk and AutoCAD are registered trademarks or trademarks of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names or trademarks belong to their respective holders. Autodesk reserves the right to alter product offerings and specifications at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document.

(C) 2009 Autodesk, Inc. All rights reserved.

    Media Contact:                      Investor Contact:
    Clay Helm 415.547.2425              David Gennarelli 415.507.6033
    Email: clay.helm@autodesk.com       Email: david.gennarelli@autodesk.com

(Logo: http://www.newscom.com/cgi-bin/prnh/20050415/SFF034LOGO)

Web site: http://www.autodesk.com/




Review Article Be the first to review this article
CST: Webinar September 14, 2017

Synopsys: Custom Compiler

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Real Intent: Leveraging on Investments
More Editorial  
Jobs
Field Application Engineer for Teradyne Inc at San Jose, CA
Technical Support Engineer EU/Germany/UK for EDA Careers at N/A, United Kingdom
FPGA Engineer for Teradyne Inc at San Jose, CA
Senior Front-End RTL Design AE for EDA Careers at San Jose, CA
Senior R&D Engineer...Timing Closure Specialist for EDA Careers at San Jose or Anywhere, CA
Analog Hardware Engineer for Teradyne Inc at San Jose, CA
Upcoming Events
IEEE Electronic Design Processing Symposium 2017 at 673 S. Milpita Blvd Milpitas CA - Sep 21 - 22, 2017
CODES+ISSS 2017, Oct 15-20, 2017, Lotte Hotel, Seoul, South Korea at Lotte Hotel Seoul Korea (North) - Oct 15 - 20, 2017
DVCon 2017 Europe, Oct 16 - 17, 2017, Munich, Germany at Holiday Inn Munich City Centre Munich Germany - Oct 16 - 17, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise