Autodesk Acquires PI-VR

Tue Jan 8, 2013 9:00am EST

* Reuters is not responsible for the content in this press release.

Transaction Expands Technology Portfolio for Automotive Visualization 
SAN RAFAEL, Calif.--(Business Wire)--
Autodesk Inc. (NASDAQ: ADSK), has completed the acquisition of PI-VR, a
privately held German software company that specializes in sophisticated real
time visualization technology used primarily in the automotive industry. The
cutting-edge visualization solutions developed by PI-VR will strengthen and
enhance Autodesk`s expertise in and offerings for automotive visualization.
Terms of the transaction were not disclosed. 

"This acquisition brings to Autodesk a highly-skilled team with deep expertise
in high-end visualization 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 visualization. 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. 

Business Outlook

This transaction is expected to have no impact on guidance issued on November
15, 2012. 

Safe Harbor Statement

This press release contains forward-looking statements that involve risks and
uncertainties, including statements regarding: the impact of the acquisition on
Autodesk's product and services offerings, the impact of the acquired technology
on Autodesk's products and services capabilities, and the impact of the
acquisition on end-user functionality and workflow integration. Factors that
could cause actual results to differ materially include the following:
difficulties encountered in integrating the PI-VR technology; costs related to
the acquisition; whether certain market segments grow as anticipated; the
competitive environment in the software industry and competitive responses to
the acquisition; our success developing new products or modify existing products
and the degree to which these gain market acceptance; general market and
business conditions; the timing and degree of expected investments in growth
opportunities; pricing pressure; failure to achieve continued cost reductions
and productivity increases; changes in the timing of product releases and
retirements; failure of key new applications to achieve anticipated levels of
customer acceptance; failure to achieve continued success in technology
advancements; interruptions or terminations in the business of our consultants
or third party developers; the expense and impact of legal or regulatory
proceedings; and unanticipated impact of accounting for acquisitions. 

Further information on potential factors that could affect the financial results
of Autodesk are included in the company's annual report on Form 10-K for the
year ended January 31, 2012, and Form 10-Q for the quarter ended October 31,
2012, which are on file with the Securities and Exchange Commission. Autodesk
does not assume any obligation to update the forward-looking statements provided
to reflect events that occur or circumstances that exist after the date on which
they were made. 

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 17 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 

Autodesk, Alias, 3ds Max, Maya and Showcase are registered trademarks of
Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or
other countries. Academy Award is a registered trademark of the Academy of
Motion Picture Arts and Sciences. All other brand names, product names or
trademarks belong to their respective holders. Autodesk reserves the right to
alter product and services offerings, and specifications and pricing at any time
without notice, and is not responsible for typographical or graphical errors
that may appear in this document.

© 2013 Autodesk, Inc. All rights reserved.

Autodesk, Inc.
Stacy Doyle, 503-707-3861 (Media)
David Gennarelli, 415-507-6033 (Investors)

Copyright Business Wire 2013