Completed Acquisition of Technology Assets from Bestech Systems Limited
and Savoy Computing Services Ltd to Accelerate Adoption of BIM for
Infrastructure
SAN RAFAEL, Calif.--(BUSINESS WIRE)--Aug. 19, 2013--
Autodesk,
Inc. (NASDAQ: ADSK) is expanding its portfolio of technology for Building
Information Modeling (BIM) for infrastructure following the
completion of the acquisition of certain technology assets from two
UK-based software companies. From Bestech Systems Limited, Autodesk has
acquired technology including Sam, a suite of software modules for
loading, analysis and design of small and medium span bridges. From
Savoy Computing Services Ltd, Autodesk has acquired technology including
AutoTrack, a suite of software for vehicle swept path analysis and the
design of parking areas and roundabouts. Terms of the transactions were
not disclosed.
“Through these acquisitions, Autodesk is now positioned to offer a much
more comprehensive portfolio of infrastructure software that will
accelerate the adoption of BIM in transportation design,” said Amar
Hanspal, Autodesk senior vice president of Information Modeling and
Platform Products. “The addition of Sam and AutoTrack to Autodesk will
also advance road and bridge workflows with model-based design and
analysis software. We welcome employees, customers and partners of Savoy
and Bestech to the Autodesk community.”
While Autodesk integrates the Sam and AutoTrack technology into its
portfolio, the current products will remain available to new customers.
Existing customers will continue to be supported by Bestech Systems and
Savoy Computing Services.
Bestech Systems is an established provider of software for bridge design
and construction based in Cheshire, UK. The Sam suite of software is
widely used around the world by bridge designers and engineers for load
analysis in the design of small to medium span bridges. Sam software
helps save time, increase accuracy and improve consistency of data
during the analysis phase of bridge design.
Savoy Computing Services, based in Kent, UK, is the creator of
AutoTrack, the most widely-used software for vehicle swept path
analysis. The AutoTrack suite of software modules for road, light rail,
airport, parking and intersection analysis and design is used for
infrastructure planning by architects, designers and engineers.
AutoTrack provides features to analyze the movements of steered
vehicles, light rail vehicles and aircraft, as well as to design car
parking areas and roundabouts while drafting in AutoCAD-based
environments including AutoCAD, AutoCAD Civil 3D, and AutoCAD Map 3D.
Savoy Computing is an Autodesk Industry Partner and a member of the
Autodesk Developer Network.
Business Outlook
This transaction is expected to have no impact on guidance issued on May
16, 2013.
Safe Harbor Statement
This press release contains forward-looking statements that involve
risks and uncertainties, including statements regarding: the impact of
the acquisitions on Autodesk's product and services offerings, the
impact of the acquired technologies on Autodesk's products and services
capabilities, the impact of the acquisitions on end-user functionality
and workflow integration, and the acceleration of the adoption of BIM in
transportation design. Factors that could cause actual results to differ
materially include the following: difficulties encountered in
integrating the Bestech Systems and Savoy Computing Services
technologies; costs related to the acquisitions; whether certain market
segments grow as anticipated; the competitive environment in the
software industry and competitive responses to the acquisitions; 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 April 30, 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.
About Autodesk
Autodesk helps people imagine, design and create a better world.
Everyone—from design professionals, engineers and architects to digital
artists, students and hobbyists—uses Autodesk software to unlock their
creativity and solve important challenges. For more information visit autodesk.com or
follow @autodesk.
Autodesk is a registered trademark of Autodesk, Inc., and/or its
subsidiaries and/or affiliates 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 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.
© 2013 Autodesk, Inc. All rights reserved.
Source: Autodesk, Inc.
Autodesk, Inc.
Noah Cole, 415-580-3535
noah.cole@autodesk.com
Bill
Danon, 415-675-8360
bill.danon@autodesk.com