Transaction to Strengthen Free-form Surface Modeling Capabilities
SAN RAFAEL, Calif.--(BUSINESS WIRE)--Dec. 22, 2011--
Autodesk,
Inc. (NASDAQ:ADSK) has acquired certain technology-related assets
from T-Splines Inc., a privately-held surface modeling software company,
based in Utah. Terms of the transaction were not disclosed.
“The technology acquisition will strengthen our Digital
Prototyping portfolio with more flexible free-form modeling and will
help achieve even closer integration between industrial design and
engineering workflows,” said Buzz
Kross, senior vice president, Manufacturing Industry at Autodesk.
“T-Splines technology will benefit designers and engineers that require
watertight surfaces for downstream analysis and manufacturing.”
Business Outlook
This transaction is expected to have no impact on guidance issued on
November 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 product and services offerings, the impact
of the acquired technology on Autodesk's products and services
capabilities, and the impact of the acquisition on end-user
functionality and workflow integration. Factors that could cause actual
results to differ materially include the following: difficulties
encountered in integrating T-Splines’ 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
modify 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, 2011, and Form 10-Q for the quarter
ended October 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.
About T-Splines
For more information about T-Splines, visit www.tsplines.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
this document.
© 2011 Autodesk, Inc. All rights reserved.
Source: Autodesk, Inc.
Autodesk, Inc.
Media Contact:
Jennifer Gentrup, 415-547-2435
jennifer.gentrup@autodesk.com
Investor
Contact:
David Gennarelli, 415-507-6033
david.gennarelli@autodesk.com