Autodesk Extends 3D Leadership with Acquisition of NavisWorks
SAN RAFAEL, Calif., May 31: Autodesk, Inc. (NASDAQ:ADSK) today announced that it has signed an agreement to acquire NavisWorks, a privately-held company based in Sheffield, England that provides software for 3D coordination, collaboration and sequencing in design and construction for approximately $25 million in USD cash, subject to a working capital adjustment. The acquisition underscores Autodesk's commitment to help its customers derive the greatest possible value from the information created during all phases of the design process.
NavisWorks is a global provider of software that enables full exploitation of the benefits of 3D digital designs in the construction, plant and marine design markets for purposes ranging from design coordination and clash detection to construction simulations. Its products are used by many of the world's leading construction companies, architects, engineers, process and power firms and shipbuilders. NavisWorks products support increased interoperability by coordinating design information from multiple sources. The company is also a Charter Member of the USA National BIM standard. Autodesk currently plans to offer new solutions that incorporate both NavisWorks and Autodesk technology, and to continue supporting the existing NavisWorks product line
"The acquisition of NavisWorks is part of Autodesk's commitment to offering more complete solutions across the AEC industry" said Jay Bhatt, senior vice president, Autodesk AEC Solutions. "The addition of NavisWorks technology to the Autodesk portfolio will help our customers leverage their design data to make better design and construction decisions and increase the value of their investments in design technology."
"For more than 7 years, NavisWorks solutions have helped design professionals across the construction, building, plant, and marine industries better collaborate, create more coordinated designs, and work more efficiently," said Peter Thompson, CEO of NavisWorks. "The combination of NavisWorks and Autodesk technology is an excellent match. Our products augment the coordinated, consistent, and computable information produced by the Revit platform for building information modeling, and can aggregate that information with data from other sources including AutoCAD, Inventor and Civil 3D, to build the most complete understanding possible of the overall project. We are excited to join the Autodesk family."
Business Outlook
This transaction is expected to have no impact on targeted non-GAAP EPS for fiscal 2008. Non-GAAP EPS excludes in-process R&D expenses and the amortization of acquisition-related intangibles. Autodesk is currently unable to provide estimates of the future impact of this transaction on GAAP earnings per share.
About Autodesk
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/.
Autodesk, AutoCAD Civil 3D, Inventor and Revit are registered trademarks or trademarks of Autodesk, Inc., 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.
Source: Autodesk, Inc.
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