SAN RAFAEL, Calif., Dec. 15 /PRNewswire-FirstCall/ -- Further enhancing its portfolio of solutions for building information modeling (BIM), Autodesk, Inc. (NASDAQ: ADSK), a leader of design innovation software and technologies, announced that it has signed a definitive agreement to acquire substantially all of the assets of BIMWorld, a privately-owned business specializing in the production and distribution of branded BIM content for building product manufacturers. Terms of the acquisition were not disclosed.
Autodesk plans to combine BIMWorld with Autodesk Seek, its online source for building product design information that allows architects and engineers to search, select and specify building products directly from their design applications. Autodesk Seek is a search-based Web service available in the 2009 U.S. versions of Autodesk's Revit-based software applications for BIM, as well as AutoCAD, AutoCAD Architecture and AutoCAD MEP software. Autodesk Seek is also available through standard browsers at http://seek.autodesk.com.
"The vision for Autodesk Seek is to be a leading online destination and one-stop-shop for high quality building product information and design files," said Jeff Wright, Autodesk senior director of Content Solutions. "By joining forces with the BIMWorld team, we will strengthen the leadership of Autodesk Seek as a powerful marketing solution for building product manufacturers, and by further leveraging our strategic content partners, accelerate designers' access to a breadth of rich product information and design files for use during the design process."
Autodesk, Inc., is a 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 www.autodesk.com.
This press release contains forward-looking statements that involve risks and uncertainties, 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 closing the acquisition of and integrating the BIMWorld business; whether certain market segments grow as anticipated; the competitive environment in the software industry and competitive responses to the acquisition; and whether Autodesk 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, 2008, and Form 10-Q for the quarter ended October 31, 2008, which are on file with the Securities and Exchange Commission.
Autodesk, AutoCAD and Revit are registered trademarks or trademarks 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 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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