Autodesk News – A reminder to readers that Autodesk is much more than an MCAD/MCAE Company
Autodesk Positioned to Transform Construction Industry Through Vela Systems Acquisition
BIM Now Possible on Mobile Devices at Construction Sites with Autodesk Cloud-Based Solutions
One June 8, 2012 Autodesk, Inc. (NASDAQ: ADSK) announced the acquisition of Vela Systems, a provider of cloud and mobile field management software for the construction industry. The addition of Vela Systems field management products to Autodesk’s growing portfolio of cloud and mobile products is helping to extend the value of Building Information Modeling (BIM) and project data to construction customers in the field. Terms of the transaction were not disclosed.
“BIM has tremendous value in the planning and design aspects of construction projects, but if you can’t get that rich data into the field, at the point of construction, you are leaving out the critical ‘last 100 yards’ in the process. Integrating Vela Systems and its cloud and mobile products with the Autodesk BIM portfolio transforms the business of construction, delivering valuable information to job sites anywhere in the world,” said Amar Hanspal, Senior Vice President, Information Modeling and Platform Products Group.
Based in Burlington, Massachusetts, Vela Systems extends the power of BIM with cloud and mobile technologies that enable project and company-wide programs for streamlined management of quality, safety, commissioning and field construction. The powerful reporting tools provide immediate visibility into issues in the field, allowing for proactive management and resolution, rather than time consuming and expensive overruns caused by a reactive approach. Vela Systems software and services are integrated with current Autodesk integrated project management software including Autodesk Navisworks, the architecture, engineering and construction (AEC) industry’s standard comprehensive set of integration, analysis, and communication tools for project review.
“Vela Systems has been a longstanding partner of Autodesk, and has been leading the charge in the field. The confluence of cloud computing, iOS mobile devices like the iPad and BIM has enabled a new way to deliver and manage construction projects of all types. With the acquisition, we will accelerate this revolution in field management through a broader solution and greatly enhanced distribution,” said Josh Kanner, co-founder, of Vela Systems.
Combined with the Autodesk BIM portfolio, the Vela Systems software has already helped contractors, owners, architects and engineers accelerate project schedules, reduce project risk, and improve the flow of information, including key data and project photos, between project stakeholders. Autodesk users can now reduce reliance on manual processes to track progress, document work activities and resolve issues. With the Vela Systems integration, users can also visualize the as-designed building in the field to improve quality and fidelity to design intent; streamline reviews; save money with more efficient workflows by linking physical tasks to a virtual model; and capture critical data on materials, systems, and equipment.
This transaction is expected to have no impact on guidance issued on May 17, 2012.
About Autodesk BIM Solutions
BIM is an intelligent model–based process that provides insight for creating and managing building and infrastructure projects faster, more economically and with less environmental impact. Autodesk BIM solutions for building and infrastructure lifecycles are based on intelligent models created with Autodesk Revit building design software products and AutoCAD Civil 3D civil engineering software. Helping to expand the benefits of BIM is a powerful set of complementary solutions for visualizing and simulating projects virtually, documentation and professional drafting, and data management and collaboration. Autodesk Building Design Suite 2013, Autodesk Infrastructure Design Suite 2013 and Autodesk Plant Design Suite 2013 offer comprehensive sets of tools to support BIM workflows in single, cost-effective packages.
On April 26, 2012 Dassault Systèmes (DSY.PA) reported its IFRS unaudited financial results for the first quarter ended March 31, 2012, which corresponds to Nominal Q1 2012 for purposes of the EDA/MCAD Almanac for Q1 2012. These results were reviewed by the Dassault Systems’ Board of Directors on April 25, 2012.
- Q1 2012 EPS growth to €0.58 (IFRS)
- Nominal Q1 2012 performance led by Asia, where total revenue was up 15% in constant currencies
- DS is expanding 3DExperience to nature with a new brand: GEOVIA
- DS signed an acquisition agreement with Gemcom Software International, said to be a leader in mining industry software
- DS is updating its 2012 financial objectives for Q1 performance and currency exchange rates
- DS Board has proposed a 30% increase in annual cash dividend
2012 First Quarter Financial Summary (IFRS)
(millions of Euros)
Q1 Total Revenue 462.4
Q1 Software Revenue 419.9
Q1 EPS 0.58
“Our established PLM business continues to strongly progress as evidenced by new licenses revenue growth in our key brands such as ENOVIA. As announced last quarter, we are ready to pioneer the world of Information Technology to the next level: 3DExperience, as our clients are in the business of creating the best consumer experience,” commented
Bernard Charlès, Dassault Systèmes President and Chief Executive Officer.
“Furthering our purpose to provide 3D experiences capable of harmonizing products, nature and life, we are announcing today plans to expand our 3DExperience platform to the world of nature with the creation of a new brand, GEOVIA, to model and simulate our planet. A first important step is the planned acquisition of Gemcom, a global leader in mining industry software solutions. Together, our goal is to help natural resources companies increase their innovation in critical areas including predictability, efficiency, safety and sustainability.”
IFRS total revenue increased, reflecting double-digit growth in both software and services and other revenue. IFRS software revenue was up. Services and other revenue increased largely reflecting the growing proportion of V6 services activities.
The Company saw broad-based growth across new industries, including a good level of activity in consumer goods and consumer packaged goods sectors.
Software revenue in high growth countries increased, with notable strength in China, and a good performance in Korea and India.
By region, total revenue growth was highest in Asia, driven by high growth countries and a better dynamic in Japan. Americas’ performance improved and Europe, after two years of sustained investment, delivered a reasonable growth rate.