Autodesk Completes Acquisition of Hanna Strategies LLC
SHANGHAI, China, Jan. 7 -- Autodesk, Inc. (NASDAQ:ADSK) today announced it has completed the acquisition of Hanna Strategies, a software development firm with offices in Shanghai, Atlanta and Pune, India. On November 1, 2007, Autodesk announced its intention to acquire Hanna Strategies. Terms of the transaction were not disclosed. This acquisition supports Autodesk's leadership in creating digital design innovation technology through its software development.
"The acquisition of Hanna Strategies supports the Autodesk goal of expanding our global engineering and software development programs and to continue delivering leading software design products to our customers worldwide.
Merging our talented development teams in Shanghai strengthens Autodesk engineering operations and provides us with internal efficiencies and increases our capacities," said Carl Bass, president and CEO of Autodesk.
The Autodesk development center in Shanghai will combine the operations of Hanna and Autodesk and will be named the Autodesk China Research and Development Center (ACRD). The new name, ACRD, reflects the substantial design and development of Autodesk software products in China.
"Autodesk has operated in China since 1994 and is committed to the continued development of Autodesk staff and operations there," said Bass. "We're also expanding our work in engineering education in China, and look forward to continuing our commitment to the country and its students."
As part of the acquisition, Hanna Strategies president, Samir Hanna, has joined Autodesk as a vice president in the Manufacturing Solutions division and Chien-Ming Huang, Hanna Strategies general manager, is now vice president at the Autodesk China Research and Development Center. "I am excited to become part of a growing development center that will continue bringing innovative design software to the many industries that Autodesk serves," commented Huang.
About Autodesk
Autodesk, Inc. is a world leader of innovative 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, heather.kernahan@autodesk.com, or Christine Stoner, +1-416-874-8841, christine.stoner@autodesk.com, both of Autodesk, Inc.
Web site: http://www.autodesk.com/
