Vibrant Online DIY Community Extends Autodesk's Maker Ecosystem
SAN RAFAEL, Calif., Aug 01, 2011 (BUSINESS WIRE) --
Inc. (NASDAQ:ADSK), a leader in 3D
design, engineering and entertainment software, announced today that
it has acquired San Francisco-based Instructables, a popular online
community for people who want to discover, share and be inspired by DIY
project ideas and how-to information. Terms of the transaction were not
Instructables.com is a destination where passionate, creative people
come to share their most innovative projects and ideas on everything
from technology and home renovation to crafts. Autodesk believes that
the acquisition will assist makers of all types by linking
Instructables' vibrant online community to Autodesk software tools and
services, such as SketchBook,
that allow anyone to explore design ideas and bring them to life.
Millions of Autodesk customers around the world are passionate about
making things - whether in their professional lives or their personal
lives. Instructables will introduce Autodesk customers to a thriving
community of like-minded, smart individuals, with whom they can learn
and share their personal inspiration or hobbies. Instructables members
will benefit from Autodesk's scale and powerful design tools, enabling
the community to grow and share their ideas with a wider audience.
"Passionate, creative people want communities to support and encourage
their endeavors," said Samir Hanna, vice president of Consumer Products
at Autodesk. "As a result of this acquisition, Autodesk will host a
unique ecosystem that combines inspiration, accessible 3D software tools
and fabrication services so anyone can be empowered to express
"Joining Autodesk will help us reach even more smart, engaged
individuals and make Instructables an even better place to share
projects and ideas," said Eric Wilhelm, founder and CEO of
Instructables. "Autodesk is a great cultural fit for Instructables, and
I can't wait to start changing the world together."
Instructables members are at the forefront of the Maker Movement.They
celebrate designing, personalizing and creating art objects, personal
inventions and home ideas. Autodesk intends to retain the Instructables
brand and will continue to operate Instructables.com following the
acquisition, preserving the elements that make the Instructables
community so authentic and successful today. Visit the Instructables blog
for more information.
This transaction is expected to have no impact on guidance issued on
June 29, 2011.
Safe Harbor Statement
This press release contains forward-looking statements that involve
risks and uncertainties, including the impact of the acquisition on
Autodesk's financial results, business performance, product and service
offerings and user experiences and benefits; planned operation of
Instructables.com; and Autodesk's commitment to Instructables'
advertisers, contributors and users. Factors that could cause actual
results to differ materially include the following: difficulties
integrating Instructables' business, employees, users, technology,
advertisers and vendors; difficulty further developing Instructables'
technology and platform; costs related to integrating and further
developing Instructables' business and technology; whether certain
market segments grow as anticipated; the competitive environment in the
software industry and competitive responses to the acquisition; whether
Autodesk can successfully develop new products and services or modify
existing products and services and the degree to which these gain market
acceptance; changes in the timing of product and services releases and
retirements; failure to achieve continued success in technology
advancements; and unanticipated impact of accounting for acquisitions.
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, 2011, and Form 10-Q for the quarter
ended April 30, 2011, which are on file with the Securities and Exchange
Commission. Autodesk does not assume any obligation to update the
forward-looking statements provided to reflect events that occur or
circumstances that exist after the date on which they were made.
Autodesk, Inc., is a leader in 3D
design, engineering and entertainment software. Customers across the
manufacturing, architecture, building, construction, and media and
entertainment industries - including the last 16 Academy Award winners
for Best Visual Effects- use Autodesk software to design, visualize and
simulate their ideas. Since its introduction of AutoCAD software in
1982, Autodesk continues to develop the broadest portfolio of
state-of-the-art software for global markets. For additional information
about Autodesk, visit www.autodesk.com.
Autodesk, AutoCAD and Instructables are registered trademarks or
trademarks of Autodesk, Inc., and/or its subsidiaries and/or affiliates
in the USA and/or other countries. Academy Award is a registered
trademark of the Academy of Motion Picture Arts and Sciences. All other
brand names, product names or trademarks belong to their respective
holders. Autodesk reserves the right to alter product and services
offerings, and specifications and pricing at any time without notice,
and is not responsible for typographical or graphical errors that may
appear in this document.
© 2011 Autodesk, Inc.All rights reserved.
SOURCE: Autodesk, Inc.
Greg Eden, 415-547-2135 (Media)
David Gennarelli, 415-507-6033 (Investors)