Autodesk Completes Acquisition of Blue Ridge Numerics, Inc
CFdesign Simulation Software to Strengthen Autodesk Solution for Digital Prototyping
SAN RAFAEL, Calif. - Autodesk, Inc. (NASDAQ:ADSK), a leader in 3D design, engineering and entertainment software, announced that it has completed the acquisition of Blue Ridge Numerics, Inc., a leading simulation software provider, for approximately $39 million in cash, subject to a working capital adjustment. Autodesk announced its intent to purchase Blue Ridge Numerics on Feb. 17, 2011.
"Autodesk customers can now better understand the impact of fluid flow and heat transfer on their designs before they are built, helping to improve quality and drive profitability."
The addition of Blue Ridge Numerics' CFdesign software will enhance the Autodesk solution for Digital Prototyping with powerful thermal and fluid flow simulation capabilities, enabling mechanical and building system engineers to virtually test and predict real-world behavior of designs and eliminate expensive physical prototyping cycles in the lab.
"Simulation is critical for product or building system designers to be successful and to compete more effectively," said Robert "Buzz" Kross, senior vice president, Manufacturing Industry Group at Autodesk. "Autodesk customers can now better understand the impact of fluid flow and heat transfer on their designs before they are built, helping to improve quality and drive profitability."
Business Outlook
This transaction is expected to have no impact on guidance issued on Feb. 24, 2011.
About Autodesk
Autodesk, Inc., is a leader in 3D design, engineering and entertainment software. Customers across the manufacturing, architecture, building, construction, and media and entertainment industries - including the last 16 Academy Award winners for Best Visual Effects- use Autodesk software to design, visualize and simulate their ideas. Since its introduction of AutoCAD software in 1982, Autodesk continues to develop the broadest portfolio of state-of-the-art software for global markets. For additional information about Autodesk, visit www.autodesk.com.
Contacts
Autodesk, Inc.
Media Contact:
Clay Helm, 415-547-2425
clay.helm@autodesk.com
Investor Contact:
David Gennarelli, 415-507-6033
david.gennarelli@autodesk.com
