SAN RAFAEL, Calif., Feb. 19 /PRNewswire-FirstCall/ -- Autodesk, Inc.
(Nasdaq: ADSK) today announced that it has signed a definitive agreement to
acquire Kynogon SA, the privately held maker of Kynapse artificial
intelligence middleware. Terms of the transaction were not disclosed.
Kynapse has been used to develop more than 65 AAA game titles, including
Alone in the Dark 5, Crackdown, Fable 2 and The Lord of the Rings Online:
Shadows of Angmar. Kynapse gives characters spatial awareness, enabling them
to realistically navigate digital environments.
"The future of videogames is about sophisticated game play, with more
believable characters and environments," said Marc Petit, senior vice
president, Autodesk Media & Entertainment. "Our goal is to simplify videogame
development by providing cutting-edge tools to create, animate and integrate
3D assets into game engines. The acquisition of Kynogon is a key component in
reaching this goal."
Petit added, "Videogame technology is the beachhead for real-time
simulation applications and advanced computing. In addition to game
development, Kynogon's products are being used for defense and security
simulations, such as mission planning and military operations on urban
Autodesk expects the acquisition to be completed within the next three
months. The acquisition is subject to customary closing conditions. Autodesk
will provide further details about the acquisition once the transaction has
closed. For more information please visit http://www.autodesk.com/kynogon.
This transaction is expected to decrease targeted GAAP earnings per
diluted share by $0.01 to $0.02 in fiscal 2009. Excluding in-process R&D
expenses and the amortization of acquisition-related intangibles, this
transaction is expected to have no impact on targeted non-GAAP earnings per
diluted share for fiscal 2009.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks
and uncertainties, including statements regarding the 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 in integrating
merged businesses; whether certain market segments grow as anticipated; the
competitive environment in the software industry and competitive responses to
the acquisition; and whether the companies can successfully develop new
products or modify existing products and the degree to which these gain market
Further information on potential factors that could affect the financial
results of Autodesk are included in the company's reports on Form 10-K for the
year ended January 31, 2007, and Form 10-Q for the quarter ended
October 31, 2007 which are on file with the Securities and Exchange
About Kynogon SA
Kynogon develops and markets Kynapse, a unique artificial intelligence
engine. Kynapse is used by the world's leading game developers such as
Electronic Arts, Activision, Bethesda Softworks, Lionhead Studios, Midway,
Real Time Worlds, SEGA, Sony Online Entertainment, Spark Unlimited, THQ and
Turbine, for the development of their AAA titles. Kynapse has also been
selected by industry leaders such as EADS and British Aerospace Systems as
their preferred artificial intelligence solution. For more information please
Autodesk, Inc. is the 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,
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Contact: Roohi Saeed, 514-961-7296; Karen Raz, 310-450-1482
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