SAN RAFAEL, Calif., Dec. 17 /PRNewswire-FirstCall/ -- Autodesk, Inc.
(Nasdaq: ADSK), a world leader in design innovation technologies, announced
today that it has signed a definitive agreement to acquire ALGOR, Inc., a
leading provider of analysis and simulation software, for approximately $34
Headquartered in Pittsburgh, Pennsylvania, ALGOR's computer aided
engineering software is used for product design and development in the
automotive, aerospace, medical, consumer products, defense, energy and
utilities industries. The acquisition will strengthen the Autodesk solution
for Digital Prototyping with new advanced simulation functionality, including
multiphysics, mechanical event simulation and fluid flow.
"Autodesk strives to offer manufacturers the most comprehensive and
easy-to-use Digital Prototyping solution on the market," said Robert "Buzz"
Kross, senior vice president of Autodesk Manufacturing Solutions. "The
acquisition of ALGOR will add significant new capabilities to virtually test
and predict the impact of simultaneous real world conditions like heat and
pressure on product designs."
"Since 1976, ALGOR's accurate, easy-to-use analysis and simulation tools
have helped mechanical engineers make better, safer products at a lower cost,"
said Michael Bussler, president and founder of ALGOR. "We have enjoyed a
long-standing partnership with Autodesk, and the combination of our proven
technologies will be an exciting new chapter for our customers worldwide."
ALGOR's software and services enable complex simulations on products
ranging from mobile phones and printer cartridges to oil pipelines. Following
the acquisition, Autodesk customers will have the opportunity to perform even
more sophisticated analysis based on real-world structural and thermal
conditions, allowing mechanical engineers to make informed product development
Upon completion of the acquisition, Autodesk's current intent is to
integrate ALGOR into its Manufacturing Solutions business unit and to continue
developing and selling ALGOR's core product line. Autodesk plans to continue
developing the ALGOR products with an open approach, allowing direct data
exchange between ALGOR products and multiple computer aided design software
The transaction is subject to customary closing conditions, and is
expected to close in the fourth quarter of fiscal 2009.
ALGOR software's wide range of simulation capabilities includes: static
stress with linear and nonlinear material models; Mechanical Event Simulation
(MES) for nonlinear, multi-body dynamics with large-scale motion, large
deformation and large strain with body-to-body contact; linear dynamics;
fatigue; CFD including steady-state and transient heat transfer, steady and
unsteady fluid flow and mass transfer; electrostatics; full multiphysics; and
piping. All analysis capabilities are available within FEMPRO(R), ALGOR's
easy-to-use single user interface. For more information about ALGOR software,
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,
Safe Harbor Statement
This press release contains forward-looking statements that involve risks
and uncertainties, including statements regarding product offerings and the
performance of its business. Factors that could cause actual results to differ
materially include the following: difficulties encountered in closing the
acquisition of ALGOR and integrating its business; 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 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
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) 2008 Autodesk, Inc. All rights reserved.
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SOURCE Autodesk, Inc.
Web Site: http://www.algor.com/