Hale Capital Partners and Autodesk Announce Completion of Location Services Business Spin-Out

New Business to be Called LocationLogic

NEW YORK, March 9 /PRNewswire/ -- Hale Capital Partners and Autodesk (NASDAQ: ADSK) announced completion of the transaction to transfer Autodesk's Location Services business unit to LocationLogic, a new entity owned and operated by Hale Capital Partners, with Autodesk and other minority investors. Further terms of the transaction were not disclosed.

Martin Hale, CEO of Hale Capital Partners, commented, "We're excited to have the opportunity to leverage the history of this group, serve our wireless carrier customers with innovative products, and bring resources to support our talented team in building, deploying and supporting leading LBS applications in the marketplace."

Asked about Autodesk's divestiture, Carl Bass, CEO of Autodesk, stated, "We believe this move will help position the Location Services business for greater success in the wireless industry, while allowing Autodesk to focus its energies on its main line of business, which is creating software for the world's design professionals."

About Hale Capital Partners

Based in New York City, Hale Capital Partners has established itself as a leading private equity firm focused on strategic minority and control investments in public companies and their subsidiaries. Hale Capital Partners' team is comprised of seasoned private equity veterans and entrepreneurs, who bring not only deep domain expertise, but also hands-on operating experience to help build highly successful companies.

About LocationLogic

LocationLogic, formerly Autodesk's Location Services Business, is a leading provider of infrastructure, applications, content provisioning, and integration services for deploying and maintaining innovative location-based services (LBS). The Company's business and consumer applications and platform software provide location-enabling services and tools to deploy reliable, high-performance applications that deliver personalized, location relevant information for wireless users. LocationLogic has operations in San Rafael, CA; Kansas City, Kansas; Calgary, Alberta; and Bangalore, India.




Review Article Be the first to review this article

Featured Video
Jobs
MECHANICAL ENGINEER for VEi Global, Inc. at Fargo, North Dakota
Senior Engineer for Specsys inc at Montevideo, Minnesota
Mechanical Engineer with Mobile Equipment Experience for Specsys inc at Montevideo, Minnesota
VP of Marketing for Cosential at Austin, Texas
QA Engineer for Cosential at Austin, Texas
Water Quality Analyst for City of Arvada at Arvada, Colorado
Upcoming Events
The NAMM Show 2019 at Anaheim Convention Center Anaheim CA - Jan 24 - 27, 2019
Design & Manufacturing 2019 at Anaheim Convention Center Anaheim CA - Feb 5 - 7, 2019
SOLIDWORKS World 2019 at Dallas TX - Feb 10 - 13, 2019
The MFG Meeting 2019 at JW Marriot Starr Pass Hotel & Spa Tucson AZ - Mar 6 - 9, 2019
Kenesto: 30 day trial
SolidCAM: See It Live
MasterCAM



Internet Business Systems © 2019 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise