CFdesign Simulation Software to Strengthen Autodesk Solution for Digital
Prototyping
SAN RAFAEL, Calif., Mar 11, 2011 (BUSINESS WIRE) --
Autodesk,
Inc. (NASDAQ:ADSK), a leader in 3D
design, engineering and entertainment software, announced that it
has completed the acquisition of Blue Ridge Numerics, Inc., a leading
simulation software provider, for approximately $39 million in cash,
subject to a working capital adjustment. Autodesk announced its intent
to purchase Blue Ridge Numerics on Feb. 17, 2011.
The addition of Blue Ridge Numerics' CFdesign software will enhance the
Autodesk solution for Digital
Prototyping with powerful thermal and fluid flow simulation
capabilities, enabling mechanical and building system engineers to
virtually test and predict real-world behavior of designs and eliminate
expensive physical prototyping cycles in the lab.
"Simulation is critical for product or building system designers to be
successful and to compete more effectively," said Robert
"Buzz" Kross, senior vice president, Manufacturing Industry Group at
Autodesk. "Autodesk customers can now better understand the impact of
fluid flow and heat transfer on their designs before they are built,
helping to improve quality and drive profitability."
Business Outlook
This transaction is expected to have no impact on guidance issued on
Feb. 24, 2011.
Safe Harbor Statement
This press release contains forward-looking statements that involve
risks and uncertainties, including statements regarding: the impact of
the acquisition on Autodesk's financial results, business performance
and product offerings; and the impact of the combined product
capabilities. Factors that could cause actual results to differ
materially include the following: difficulties encountered in
integrating Blue Ridge Numerics' business, including its customers,
vendors and employees; costs related to the acquisition; whether certain
market segments grow as anticipated; the competitive environment in the
software industry and competitive responses to the acquisition; our
success developing new products or modifying existing products and the
degree to which these gain market acceptance; general market and
business conditions; the timing and degree of expected investments in
growth opportunities; failure to achieve; pricing pressure; failure to
achieve continued cost reductions and productivity increases; changes in
the timing of product releases and retirements; failure of key new
applications to achieve anticipated levels of customer acceptance;
failure to achieve continued success in technology advancements;
interruptions or terminations in the business of our consultants or
third-party developers; the expense and impact of legal or regulatory
proceedings; 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, 2010, and Form 10-Q for the quarter
ended October 31, 2010, 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.
About Autodesk
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 CFdesign are registered 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.
Autodesk, Inc.
Media Contact:
Clay Helm, 415-547-2425
clay.helm@autodesk.com
Investor Contact:
David Gennarelli, 415-507-6033
david.gennarelli@autodesk.com
