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Autodesk Expands Infrastructure Design and Analysis Portfolio With Acquisition of Sam and AutoTrack Software
**Public Company Information:**
NASDAQ: ADSK
**SAN RAFAEL, Calif.** – (BUSINESS WIRE) – Autodesk, Inc. (NASDAQ:ADSK) has broadened its suite of tools for Building Information Modeling (BIM) in infrastructure following the successful completion of the acquisition of specific technology assets from two UK-based software firms. From Bestech Systems Limited, Autodesk obtained technology including Sam, a set of software modules designed for the loading, analysis, and design of small to medium-span bridges. From Savoy Computing Services Ltd, Autodesk acquired AutoTrack, a collection of software tools for vehicle swept path analysis and the design of parking areas and roundabouts. Financial details of the transactions were not disclosed.
“With these acquisitions, we’re now better positioned to deliver a far more comprehensive range of infrastructure software solutions,†said Amar Hanspal, Autodesk’s Senior Vice President of Information Modeling and Platform Products. “Adding Sam and AutoTrack to our portfolio will significantly enhance road and bridge workflows through model-based design and analysis tools. We’re thrilled to welcome the employees, customers, and partners of Savoy and Bestech into the Autodesk family.â€
While Autodesk integrates the acquired technologies into its existing product lineup, the current versions of Sam and AutoTrack will remain available for new customers. Existing clients will continue to receive support from Bestech Systems and Savoy Computing Services.
Bestech Systems, headquartered in Cheshire, UK, is a well-established provider of software solutions for bridge design and construction. The Sam suite of software is globally recognized for its use in analyzing loads during the design of small to medium-span bridges. By helping engineers and designers save time, boost accuracy, and ensure data consistency, Sam simplifies the analysis phase of bridge design.
Savoy Computing Services, located in Kent, UK, is the creator of AutoTrack, the leading software tool for vehicle swept path analysis. The AutoTrack suite of modules for road, light rail, airport, parking, and intersection analysis and design is widely used by architects, designers, and engineers for infrastructure planning. AutoTrack allows users to analyze the movements of steered vehicles, light rail vehicles, and aircraft, as well as design car parking areas and roundabouts within AutoCAD-based environments such as AutoCAD, AutoCAD Civil 3D, and AutoCAD Map 3D. Savoy Computing is an Autodesk Industry Partner and part of the Autodesk Developer Network.
**Business Outlook**
This transaction is anticipated to have no effect on the guidance issued on May 16, 2013.
**Safe Harbor Statement**
This press release includes forward-looking statements that involve risks and uncertainties, including statements about how these acquisitions might influence Autodesk’s product and service offerings, the impact on the capabilities of acquired technologies, the end-user functionality and workflow integration, and the acceleration of BIM adoption in transportation design. Potential risks include difficulties in integrating the Bestech Systems and Savoy Computing Services technologies, costs associated with the acquisitions, market segment growth rates, competition within the software industry, our ability to successfully develop and market new products, general economic conditions, investment timing, pricing pressures, cost reduction efforts, product release schedules, technological advancements, legal proceedings, and unforeseen accounting impacts.
For further details on factors that could impact Autodesk's financial outcomes, refer to the company’s annual report on Form 10-K for the fiscal year ending January 31, 2013, and Form 10-Q for the quarter ending April 30, 2013, both filed with the Securities and Exchange Commission. Autodesk assumes no obligation to update these forward-looking statements.
**About Autodesk**
Autodesk empowers individuals to imagine, design, and create a better world. From professionals like engineers, architects, and designers to students and hobbyists, users worldwide rely on Autodesk software to unleash their creativity and address critical challenges. Visit autodesk.com or follow @autodesk for more information.
*Autodesk is a registered trademark of Autodesk, Inc., and/or its subsidiaries and affiliates in the USA and/or other countries. Other brand names, product names, or trademarks belong to their respective owners. Autodesk retains the right to modify product and service offerings, specifications, and pricing without prior notice.*
*© 2013 Autodesk, Inc. All rights reserved.*
**Contact:**
Autodesk, Inc.
Noah Cole, 415-580-3535
noah@autodesk.com
Bill Danon, 415-675-8360
bill@autodesk.com