Autodesk Expands Sustainable Design Product Portfolio
Acquisitions of Analysis Technologies from Green Building Studio and Carmel Software Will Help Architects and Engineers Leverage Power of Building Information Modeling to Design More Efficient Buildings
SAN RAFAEL, Calif., Feb. 12 /PRNewswire-FirstCall/ -- Autodesk, Inc. (Nasdaq: ADSK) is expanding its portfolio of software solutions to support sustainable design in the architecture, engineering & construction (AEC) markets with the acquisition of technology assets of two energy analysis software companies. Autodesk announced that it has signed an agreement to acquire substantially all the assets of Green Building Studio, an innovative provider of web-based building energy analysis that enables architects and engineers to easily perform whole building energy analysis early in the design process. Autodesk also announced that it has acquired substantially all the assets of Carmel Software Corporation, a developer of HVAC (heating, ventilation and air conditioning) mechanical engineering software that enables engineers and architects to analyze their mechanical designs and help ensure sustainability goals are achieved. Terms of the acquisitions were not disclosed.
"Autodesk is committed to providing technology that makes sustainable design easier and more efficient," said Jay Bhatt, senior vice president, Autodesk AEC Solutions. "We look forward to adding the Green Building Studio and Carmel technologies to the Autodesk portfolio and helping our customers more easily leverage the coordinated, reliable data created in the Revit platform for building information modeling (BIM) to help predict performance and design buildings with reduced environmental impact."
Green Building Studio Inc. developed the Green Building XML (gbXML) schema and launched the Green Building Studio web service in 2004. The web service offers whole building energy, carbon, and other analysis tools for architects and designers using CAD and BIM software from Autodesk and other industry providers. Green Building Studio provides the ability to quickly and efficiently analyze building design proposals, providing building performance information to support sustainable design. Autodesk currently plans to continue support for the Green Building Studio web service and gbXML as an open standard, and to strengthen the web service's integration with its BIM software.
"We have partnered with Autodesk for many years, and commend their ongoing support for sustainability," said John Kennedy, CEO, Green Building Studio. "Green Building Studio looks forward to becoming part of Autodesk. We are eager to contribute our industry expertise in green buildings to drive mainstream adoption of sustainability and accelerate the AEC industry's transition to carbon neutral buildings."
Carmel Software has been developing and selling HVAC mechanical engineering software since 1995. Carmel's flagship product delivers thermal load calculations that give engineers information to appropriately size a building's HVAC systems. In addition, Carmel's software portfolio includes programs for duct sizing, refrigeration, pipe sizing, estimating, and life-cycle cost analysis. These applications are connected with the Revit platform for BIM via gbXML. Autodesk plans to continue support for the Carmel products and to leverage the capabilities of Carmel Software's products with its BIM software
Stephen Roth, P.E., President of Carmel Software Corporation said, "We are excited to join Autodesk and help mechanical, electrical and plumbing customers use Carmel technology to analyze their HVAC designs to help create better performing buildings."
To read more about how Autodesk and its customers are addressing sustainable design, please visit http://www.autodesk.com/green.
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 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 October 31, 2007 which are on file with the Securities and Exchange Commission.
About Autodesk
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 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 http://www.autodesk.com.
Autodesk, AutoCAD, and Revit are registered trademarks or 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) 2008 Autodesk, Inc. All rights reserved.
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Press Contact: Noah Cole, +1-503-707-3872
Email: noah.cole@autodesk.com
Press Contact: Elizabeth Bennett, +1-503-471-6831
Email: elizabeth.bennett@edelman.com
SOURCE Autodesk, Inc.
CONTACT: Noah Cole of Autodesk, Inc., +1-503-707-3872,
noah.cole@autodesk.com; or Elizabeth Bennett, +1-503-471-6831,
elizabeth.bennett@edelman.com, for Autodesk, Inc.
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