January 20, 2009 - Autodesk completed the acquisition of ALGOR, Inc. (ALGOR), a leading provider of analysis and simulation software. Autodesk announced its intent to purchase ALGOR for $34 million on December 17, 2008.The addition of ALGOR simulation technologies will enhance the Autodesk solution for Digital Prototyping with sophisticated new simulation capabilities such as thermal and fluid flow analysis, enabling customers to better optimize and improve product designs before manufacturing." The addition of ALGOR product lines to Autodesk's existing portfolio will complement our simulation capabilities and provide customers with a more comprehensive solution for Digital Prototyping," said Robert "Buzz" Kross, senior vice president of Autodesk Manufacturing Solutions.
"We look forward to an exciting new chapter in helping our customers make informed product development decisions." Business OutlookThis transaction is expected to have no impact on previously issued guidance.
About Autodesk
Autodesk, Inc., is a 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.