SAN RAFAEL, Calif., Aug. 11 /PRNewswire-FirstCall/ -- Autodesk, Inc.
(Nasdaq: ADSK) today announced that it has signed a definitive agreement to
acquire substantially all the assets of 3D Geo GmbH, a privately held maker
of intelligent 3D urban models software, based in Potsdam, Germany. 3D Geo
offers software and services for geo-visualization: solutions for effectively
creating, analyzing, managing, and distributing large-scale geo information.
This acquisition would augment Autodesk's offerings for utilities,
telecommunication firms, and state and local governments. Financial terms of
the transaction were not disclosed.
"We look forward to welcoming the 3D Geo team," said Lisa Campbell, vice
president, Autodesk Geospatial. "Their success and commitment to building
great 3D urban modeling and visualization software should provide a critical
component of the overall solution for our customers."
"We believe that Autodesk and 3D Geo together can accelerate our mutual
vision to develop integrated world-class customer solutions," said Marc
Hildebrandt, managing director of 3D Geo.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks
and uncertainties, including statements regarding the performance of its
business. Factors that could cause actual results to differ materially include
the following: difficulties encountered in closing and subsequently
integrating 3D Geo's 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.
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,
About 3D Geo
3D Geo GmbH, a spin-off company of the Hasso Platter Institute, is a
pioneer in the field of geo-visualization software. The company employs the
best research data available in order to produce its market-leading software.
The products of 3D Geo are made in accordance with international standards
such as CityGML. For additional information about 3D Geo, please visit
http://www.3dgeo.de or http://www.LandXplorer.com
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.
Brett Smith, 415-547-2405
SOURCE Autodesk, Inc.
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