LAS VEGAS, Dec. 2 /PRNewswire-FirstCall/ -- Autodesk, Inc. (NASDAQ: ADSK), a world leader in design innovation technologies, has signed a definitive agreement to acquire the iLogic software and related technology from Canada-based Logimetrix, Inc. iLogic is Logimetrix's desktop rules-based design automation technology. Terms were not disclosed.
The agreement demonstrates Autodesk's commitment to providing a comprehensive Digital Prototyping solution to manufacturers of all sizes, giving them the ability to design, visualize and simulate their designs earlier in the process. The addition of the iLogic technology will strengthen the Autodesk solution for Digital Prototyping by bringing user friendly tools for rules-based design and automation to mainstream manufacturers.
iLogic technology makes it easy for designers and engineers to capture design intent and automate common design tasks by creating "smart parts" that can embed higher levels of design intelligence directly into an Autodesk Inventor digital prototype, all without the need for programming knowledge.
"The acquisition of iLogic technology will extend rules-based design and automation capabilities to the desktop, opening doors to new and enhanced workflows for users that are unrivaled in the manufacturing industry," said Robert "Buzz" Kross, senior vice president of Autodesk Manufacturing Solutions. "Individual engineers and workgroups will have the ability to more easily capture design intent directly into digital prototypes and create digital prototypes through automation without requiring any programming."
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.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding 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 Logimetrix's technology and integrating Logimetrix's technology; 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 annual report on Form 10-K for the year ended January 31, 2008, and Form 10-Q for the quarter ended July 31, 2008, which are on file with the Securities and Exchange Commission.
Autodesk, AutoCAD and Autodesk Inventor 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.
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