SAN FRANCISCO--(BUSINESS WIRE)--Aug. 28, 2012--
Inc., (NASDAQ: ADSK) a world leader in 3D design, engineering and
entertainment software, continued its strategic investment in product
lifecycle management (PLM) and has announced it has acquired certain
assets of Inforbix, LLC. Inforbix is a software company focused on
cloud-based SaaS solutions aimed at increasing the value of product
data, productivity, and improved decision making for manufacturing-based
companies. Terms of the transaction were not disclosed. As a part of
this acquisition, Autodesk also announced that it appointed Oleg
Shilovitsky as Senior Director of PLM and Data Management. Shilovitsky
is a co-founder of Inforbix, LLC.
“Oleg Shilovitsky is an established PLM thought leader who brings deep
industry experience and a history of innovation to his new role at
Autodesk,” said Buzz Kross, senior vice president, Design, Lifecycle and
Simulation at Autodesk. “Since the launch of Autodesk PLM 360 last year,
we have introduced thousands of new users to the power of cloud-based
PLM. We are thrilled to welcome Oleg and under his leadership look
forward to continued innovation and driving greater adoption of Autodesk
Autodesk plans to incorporate Inforbix technology for indexing, search,
personalization and data visualization into Autodesk PLM360, which will
help to accelerate the vision for the Autodesk 360 cloud services.
Oleg Shilovitsky co-founded Inforbix in 2010 and served as CEO. He was
Inforbix’s strategist, technologist, and ideologist and also an author
of the PLM
Think Tank and Beyond
PLM blogs. Prior to Inforbix, Shilovitsky worked for Smart
Solutions, SmarTeam, Enovia and Dassault Systems.
This transaction is expected to have no impact on Autodesk’s earnings
guidance issued on August 23, 2012.
Autodesk, Inc., is a leader in professional and personal 3D
design, engineering and entertainment software. Autodesk tools help
unlock the creativity in everyone, from children and hobbyists to design
and engineering professionals. Customers across the manufacturing,
architecture, building, construction, digital art and entertainment
industries, including the last 17 Academy Award winners for Best Visual
Effects, use Autodesk software, mobile apps, cloud services and
communities to design, visualize, simulate and communicate their
ideas. For more information follow @autodesk
or visit autodesk.com.
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 and services offerings; Autodesk’s continued innovation;
greater adoption of Autodesk PLM 360; and the incorporation of Inforbix’
technologies into Autodesk products. Factors that could cause actual
results to differ materially include the following: 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; general market, political, economic and business
conditions; failure to maintain our revenue growth and profitability;
failure to maintain cost reductions and productivity increases or
otherwise control our expenses; our performance in particular
geographies, including emerging economies; the timing and degree of
expected investments in growth opportunities; 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, 2012, and Form 10-Q for the quarter
ended April 30, 2012, 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.
Autodesk is a registered trademark 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.
© 2012 Autodesk, Inc. All rights reserved.
Source: Autodesk, Inc.
Stacy Doyle, +1-503-707-3861