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Autodesk Announces Intent to Acquire 3D Geo, Leader in Geospatial Infrastructure and Urban Modeling Solutions

2008-08-11 07:00:00

Autodesk Announces Intent to Acquire 3D Geo, Leader in Geospatial Infrastructure and Urban Modeling Solutions

    SAN RAFAEL, Calif., Aug. 11 /EMWNews/ -- Autodesk, Inc.

(Nasdaq: ADSK) today announced that it has signed a definitive agreement to

acquire substantially all the assets of 3D Geo GmbH, a privately held maker

of intelligent 3D urban models software, based in Potsdam, Germany. 3D Geo

offers software and services for geo-visualization: solutions for

effectively creating, analyzing, managing, and distributing large-scale geo

information.



    This acquisition would augment Autodesk's offerings for utilities,

telecommunication firms, and state and local governments. Financial terms

of the transaction were not disclosed.



    "We look forward to welcoming the 3D Geo team," said Lisa Campbell,

vice president, Autodesk Geospatial. "Their success and commitment to

building great 3D urban modeling and visualization software should provide

a critical component of the overall solution for our customers."



    "We believe that Autodesk and 3D Geo together can accelerate our mutual

vision to develop integrated world-class customer solutions," said Marc

Hildebrandt, managing director of 3D Geo.



    Safe Harbor Statement



    This press release contains forward-looking statements that involve

risks and uncertainties, including statements regarding the performance of

its business. Factors that could cause actual results to differ materially

include the following: difficulties encountered in closing and subsequently

integrating 3D Geo's business; whether certain market segments grow as

anticipated; the competitive environment in the software industry and

competitive responses to the acquisition; and whether Autodesk can

successfully develop new products or modify existing products and the

degree to which these gain market acceptance.



    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/.



    About 3D Geo



    3D Geo GmbH, a spin-off company of the Hasso Platter Institute, is a

pioneer in the field of geo-visualization software. The company employs the

best research data available in order to produce its market-leading

software. The products of 3D Geo are made in accordance with international

standards such as CityGML. For additional information about 3D Geo, please

visit http://www.3dgeo.de or http://www.LandXplorer.com



    Autodesk and AutoCAD are registered trademarks or trademarks of

Autodesk, Inc., and/or its subsidiaries and/or affiliates 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.




(C) 2008 Autodesk, Inc. All rights reserved. Contact: Brett Smith, 415-547-2405 [email protected]

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Blake Masterson

Freelance Writer, Journalist and Father of 5

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