Autodesk Acquires PlassoTech
SAN RAFAEL, Calif., Aug. 27 /PRNewswire-FirstCall/ -- Autodesk, Inc. (Nasdaq: ADSK) today announced the acquisition of California-based PlassoTech, a leading supplier of analysis and simulation software for the mechanical design market. The acquisition of PlassoTech will allow Autodesk to enhance the simulation and optimization capabilities found in Autodesk Inventor software making it easier than ever for customers to simulate, optimize and validate a complete digital prototype. Terms of the transaction were not disclosed.
"Our goal is to provide the most comprehensive and easy-to-use Digital Prototyping solution on the market," said Robert "Buzz" Kross, senior vice president of Autodesk Manufacturing Solutions. "The acquisition of PlassoTech will provide our customers with integrated simulation tools and sophisticated analysis functionality that complements their Digital Prototyping workflows."
Autodesk currently plans to integrate PlassoTech technology into the Inventor product family, augmenting existing finite element analysis (FEA) tools. The technology brings many distinct advantages to the Inventor product line, including:
- The ability to perform analysis on entire assemblies, as well as individual parts
- The ability to perform analysis based on real-world structural and thermal conditions
- Advanced-ease-of use and performance superiority with a fully integrated simulation solution
Specifically, PlassoTech technology allows FEA calculations in categories such as linear static stress, steady state thermal, thermal stress, modal and frequency analysis, optimization and buckling. It also includes advanced functionalities to test dynamic stress, transient thermal, and large deformation analysis of solid and shell models with various contact conditions.
Hundreds of companies globally in industrial machinery, transportation, consumer products and building and plant equipment use PlassoTech technology including: Innoventa LLC, Jupp Associates Ltd., Mammoth Inc., Microheat, OSSTEM Co., Ltd, Pentax, Rinehart Motion Systems LLC, Sejong Industrial Company Ltd, Subaru Telescope, Telops and Tokyo Electron Limited.
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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 earnings, product offerings and the performance of its business. Factors that could cause actual results to differ materially include the following: difficulties encountered in integrating merged businesses; whether certain market segments grow as anticipated; the competitive environment in the software industry and competitive responses to the acquisition; and whether the companies 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 reports on Form 10-K for the year ended January 31, 2007, and Form 10-Q for the quarter ended April 30, 2007 which are on file with the Securities and Exchange Commission.
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 built. 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, visit http://www.autodesk.com.
Autodesk, Autodesk Inventor and Inventor are trademarks or registered trademarks of Autodesk, Inc., 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) 2007 Autodesk, Inc. All rights reserved.
Contact: Heather Kernahan 650.452.2143 Alyson Howard 312.297.7430
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SOURCE Autodesk, Inc. 08/27/2007
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3282 08/27/2007 16:15 EDT http://www.prnewswire.com