Autodesk Acquires PI-VR
Transaction Expands Technology Portfolio for Automotive Visualisation
Autodesk Inc. (NASDAQ: ADSK), has completed the acquisition of PI-VR, a privately held German software company that specialises in sophisticated real time visualisation technology used primarily in the automotive industry. The cutting-edge visualisation solutions developed by PI-VR will strengthen and enhance Autodesk’s expertise in and offerings for automotive visualisation. Terms of the transaction were not disclosed.
“This acquisition brings to Autodesk a highly-skilled team with deep expertise in high-end visualisation that will help expand our offerings for the automotive industry,” said Buzz Kross, senior vice president, Design, Lifecycle and Simulation at Autodesk. “The VRED technology helps solve a broad set of problems in the process of car design and engineering, and reduces the need for physical prototypes through the use of real time, highly realistic visualisation. We look forward to making this technology broadly available to our automotive industry customers, and welcome PI-VR customers, employees and partners to Autodesk.”
Autodesk intends to integrate Autodesk technologies into the PI-VR platform, while continuing to sell, support and enhance the PI-VR product line. The VRED products will join Autodesk’s existing solutions for the automotive industry including Autodesk Showcase, Autodesk Alias, Autodesk Maya, Autodesk 3ds Max and the Autodesk Design and Creation Suites.
This transaction is expected to have no impact on guidance issued on November 15, 2012.
Autodesk, Inc. is a leader in 3D design, engineering and entertainment software. Customers across the manufacturing, architecture, building, construction, and media and entertainment industries âï¿½ï¿½ including the last 17 Academy Award winners for Best Visual Effects — use Autodesk software to design, visualise 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.