SAN RAFAEL, Calif.--(BUSINESS WIRE)--Mar. 19, 2013--
Inc., (NASDAQ: ADSK) has completed the acquisition of Firehole
Technologies (DBA Firehole Composites), a privately held software
company that specializes in design and analysis software for composite
materials. Through the acquisition, Autodesk will expand its expertise
and technology to help its customers work with the next generation of
lighter, stronger, safer and more energy efficient materials. Firehole
Composites is based in Laramie, Wyoming.
“As manufacturers move to more complex material such as light weight
composites, new simulation technology is required to predict and
optimize the performance of these materials. This acquisition will
enable Autodesk to deliver this technology to a broad spectrum of design
and engineering industries,” said Buzz Kross, senior vice president for
Design, Lifecycle and Simulation products. “The Firehole team will add
significant expertise in next generation materials and non-linear
analysis, as well as industry-leading technologies that strongly
complement our solutions for structural, thermal and plastics analysis.
We welcome the Firehole employees and customers to the Autodesk
Autodesk intends to sell and support the existing Firehole Composites
product line, which includes Helius:MCT and Helius:CompositePro, while
enhancing the technology for closer integration with Autodesk solutions.
Terms of the transaction were not disclosed.
This transaction is expected to have no impact on guidance issued on
February 25, 2013.
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 product and services offerings, the impact
of the acquired technology on Autodesk's products and services
capabilities, the impact of the acquisition on end-user functionality
and workflow integration, and the acceleration of Autodesk’s move to the
cloud. Factors that could cause actual results to differ materially
include the following: difficulties encountered in integrating the
Firehole Composites Technology; 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; 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, 2013, and Form 10-Q for the quarter
ended January 31, 2013, 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, 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 18 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 and AutoCAD are registered trademarks or 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
© 2013 Autodesk, Inc. All rights reserved.
Source: Autodesk, Inc.
Noah Cole, 415-580-3535