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
This transaction is expected to have no impact on previously issued
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 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
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.
Clay Helm 415.547.2425
David Gennarelli 415.507.6033
SOURCE Autodesk, Inc.
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