Deal Will Strengthen Desktop Design Automation Capabilities of Autodesk
Solution for Digital Prototyping
LAS VEGAS, Dec. 2 /PRNewswire-FirstCall/ -- Autodesk, Inc. (Nasdaq: ADSK),
a world leader in design innovation technologies, has signed a definitive
agreement to acquire the iLogic software and related technology from
Canada-based Logimetrix, Inc. iLogic is Logimetrix's desktop rules-based
design automation technology. Terms were not disclosed.
The agreement demonstrates Autodesk's commitment to providing a
comprehensive Digital Prototyping solution to manufacturers of all sizes,
giving them the ability to design, visualize and simulate their designs
earlier in the process. The addition of the iLogic technology will strengthen
the Autodesk solution for Digital Prototyping by bringing user friendly tools
for rules-based design and automation to mainstream manufacturers.
iLogic technology makes it easy for designers and engineers to capture
design intent and automate common design tasks by creating "smart parts" that
can embed higher levels of design intelligence directly into an Autodesk
Inventor digital prototype, all without the need for programming knowledge.
"The acquisition of iLogic technology will extend rules-based design and
automation capabilities to the desktop, opening doors to new and enhanced
workflows for users that are unrivaled in the manufacturing industry," said
Robert "Buzz" Kross, senior vice president of Autodesk Manufacturing
Solutions. "Individual engineers and workgroups will have the ability to more
easily capture design intent directly into digital prototypes and create
digital prototypes through automation without requiring any programming."
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 Logimetrix's technology and integrating Logimetrix's
technology; 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 July
31, 2008, which are on file with the Securities and Exchange Commission.
Autodesk, AutoCAD and Autodesk Inventor 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
(C) 2008 Autodesk, Inc. All rights reserved.
SOURCE Autodesk, Inc.
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