Autodesk Announces Acquisition of Hanna Strategies
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Press release date: October 31, 2007
International software development firm strengthens Autodesk global development team
SHANGHAI, China, Oct. 31 / -- Autodesk, Inc. today announced that it has signed an agreement to acquire Hanna Strategies, an engineering services firm that offers software development with centers in Shanghai, China, Atlanta, Georgia and Pune, India. In 2006, Autodesk purchased an ownership interest in Hanna Strategies and is now acquiring the remaining ownership. Terms of the transaction were not disclosed.
"Our goal is to continue building and strengthening Autodesk's development capabilities," said Carl Bass, president and CEO of Autodesk. "The Hanna Strategies team consists of experienced professionals and creative thinkers who will help deliver upon Autodesk's goal of establishing a world-class, global development network focused on continual innovation."
Autodesk and Hanna Strategies have worked closely together for the last five years on the development of Autodesk design software products that serve the manufacturing and building and construction markets. This acquisition will increase Autodesk's investment in developing solutions for Digital Prototyping, Building Information Modeling (BIM) and 3D and 2D solutions.
Combining two talented development teams into one unified Autodesk team will increase the efficiency and capacity of Autodesk's engineering operations. This unified team will also expand opportunities to attract and develop top engineering students and experienced professionals in China.
Samir Hanna, president, and Chien-Ming Huang, general manager, of Hanna Strategies will join Autodesk upon completion of this acquisition. Samir Hanna will join as a vice president in the Manufacturing Solutions division and Chien-Ming Huang will become vice president, at Autodesk's China Application Development Center.
Autodesk, Inc. is the 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 http://www.autodesk.com/.
Source: Autodesk, Inc.
CONTACT: Heather Kernahan, +1-415-269-9854, firstname.lastname@example.org, or Rosemary Mori, +1-415-547-2474, email@example.com, both of Autodesk, Inc.
Web site: http://www.autodesk.com