Horizontal Systems Extends and Accelerates Autodesk Cloud-Based Building
Information Modeling Solutions for Collaboration, Data and Lifecycle
Management
SAN RAFAEL, Calif.--(BUSINESS WIRE)--Dec. 16, 2011--
Autodesk,
Inc. (NASDAQ: ADSK), a leader in 3D
design, engineering and entertainment software, announced that it
has completed the acquisition of Horizontal
Systems, a provider of innovative cloud-based Building
Information Modeling (BIM) collaboration solutions for the
Architecture, Engineering and Construction (AEC) industry. Autodesk
announced its intent to purchase Horizontal Systems on Nov. 30, 2011.
Horizontal Systems technology will be an important contributor to the Autodesk
360 for BIM solution for collaboration, data and lifecycle
management. By providing diverse, distributed teams with more secure,
easy-to-use and fast-to-deploy solutions, Autodesk 360 for BIM makes
project data available across the project lifecycle, wherever and
whenever it is needed.
“The acquisition of Horizontal Systems will help accelerate the movement
of BIM to the cloud by providing our customers with a more complete,
more accurate, digital view of their projects and with access to
information across the project lifecycle from wherever they need it —
the office, the web or the field,” said Jim Lynch, vice president,
Architecture, Engineering and Construction Solutions, Autodesk. “The
integration of Horizontal Systems technology with other Autodesk BIM
solutions will streamline business processes and workflows for increased
efficiency, improved profitability and higher-quality outcomes for both
Autodesk and Horizontal Systems customers.”
Business Outlook
This transaction is expected to have no impact on guidance issued on
Nov. 15, 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; the combined product capabilities; and
efficiency, quality and financial benefits derived by users and
customers of Autodesk software solutions. Factors that could cause
actual results to differ materially include the following: difficulties
encountered in integrating Horizontal Systems’ technology, 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; 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 Jan. 31, 2011, and Form 10-Q for the quarter
ended Oct. 31, 2011, 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 and AutoCAD 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:
Brett Smith, 415.547.2425
brett.smith@autodesk.com
or
Investor
Contact:
David Gennarelli, 415.507.6033
david.gennarelli@autodesk.com