Desktop Design Automation Technology Will Strengthen the Autodesk Solution
for Digital Prototyping
SAN RAFAEL, Calif., Dec. 22 /PRNewswire-FirstCall/ -- Autodesk, Inc.
(Nasdaq: ADSK) has completed the acquisition of iLogic software and related
technology from Canada-based Logimetrix, Inc.
Autodesk announced its intent to acquire the iLogic desktop design
automation technology on December 2, 2008. Terms were not disclosed.
The acquisition supports 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 products
before they are built, reducing the reliance on constructing multiple physical
prototypes. 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.
About Autodesk
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,
visit www.autodesk.com.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks
and uncertainties, including statements regarding product offerings and
business plans. Factors that could cause actual results to differ materially
include the following: difficulties encountered in 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
October 31, 2008, which are on file with the Securities and Exchange
Commission.
Autodesk and AutoCAD are registered 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.
SOURCE Autodesk, Inc.
CONTACT:
Media, Stacy Doyle, +1-503-707-3861, stacy.doyle@autodesk.com,
or Investors,
David Gennarelli, +1-415-507-6033,
david.gennarelli@autodesk.com
Web Site: http://www.autodesk.com