Inventor General Discussion

Inventor General Discussion

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Distinguished Contributor
jdavis417
Posts: 297
Registered: ‎11-19-2008
Message 1 of 6 (581 Views)

Transaction Adds Computer Aided Manufacturing Software to Autodesk Portfolio

581 Views, 5 Replies
10-03-2012 03:45 AM

http://www.hsmworks.com/autodesk-acquires-hsmworks-technology

 

(Since it's copyrighted, I've included the text in-total...)

 

Autodesk Acquires HSMWorks CAM Technology Assets

Transaction Adds Computer Aided Manufacturing Software to Autodesk Portfolio

SAN FRANCISCO, Oct. 1, 2012 — Autodesk Inc. (NASDAQ: ADSK) has acquired certain assets of HSMWorks Aps, a developer of computer aided manufacturing (CAM) software. Through the acquisition of the HSMWorks technology, Autodesk will add software to control machine tools and related machinery to its portfolio of software for manufacturing. Terms of the transaction were not disclosed.

"The acquisition of the HSMWorks technology brings machining expertise and next-generation CAM technology to the world's most comprehensive portfolio of manufacturing software," said Buzz Kross, Autodesk senior vice president, design, simulation and lifecycle products. "Autodesk has a long history of making design and engineering technology more accessible, and we look forward to bringing HSMWorks' CAM technology to a broader group of users."

Autodesk intends to integrate the HSMWorks technology with its industry leading software and cloud services for manufacturing, and will make current HSMWorks products available for purchase and HSMXpress available as a free download. Existing SolidWorks customers using HSMWorks will continue to receive support and product updates. HSMWorks Aps is based in Copenhagen, Denmark.

Business Outlook

This transaction is expected to have no impact on guidance issued on August 23, 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 HSMWorks 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 July 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 professional and personal 3D design, engineering and entertainment software. Autodesk tools help unlock the creativity in everyone, from children and hobbyists to design and engineering professionals. Customers across the manufacturing, architecture, building, construction, digital art and entertainment industries, including the last 17 Academy Award winners for Best Visual Effects, use Autodesk software, mobile apps, cloud services and communities to design, visualize, simulate and communicate their ideas. For more information follow@autodesk or visit autodesk.com.

###

Autodesk is a registered trademark 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.

© 2012 Autodesk, Inc. All rights reserved.

Distinguished Mentor
john.retzlaff
Posts: 947
Registered: ‎11-03-2003
Message 2 of 6 (550 Views)

Re: Transaction Adds Computer Aided Manufacturing Software to Autodesk Portfolio

10-03-2012 12:39 PM in reply to: jdavis417

So how long before there is an Inventor version?

John Retzlaff
*Expert Elite*
JDMather
Posts: 28,200
Registered: ‎04-20-2006
Message 3 of 6 (543 Views)

Re: Transaction Adds Computer Aided Manufacturing Software to Autodesk Portfolio

10-03-2012 12:56 PM in reply to: john.retzlaff

john.retzlaff wrote:

So how long before there is an Inventor version?


LOL

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Distinguished Mentor
john.retzlaff
Posts: 947
Registered: ‎11-03-2003
Message 4 of 6 (540 Views)

Re: Transaction Adds Computer Aided Manufacturing Software to Autodesk Portfolio

10-03-2012 12:59 PM in reply to: JDMather

LOL: is that Laugh Out Loud or Lot's Of Luck?

John Retzlaff
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mcgyvr
Posts: 7,247
Registered: ‎12-01-2004
Message 5 of 6 (492 Views)

Re: Transaction Adds Computer Aided Manufacturing Software to Autodesk Portfolio

10-04-2012 06:30 AM in reply to: john.retzlaff

Guess Autodesk got jealous that Solidworks has all the cool add-ins.

The sheer number of programs that work with Solidworks compared to Inventor is staggering.. Seems every cool program I come across integrates with Solidworks in one form or another...

 

 

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*Expert Elite*
JDMather
Posts: 28,200
Registered: ‎04-20-2006
Message 6 of 6 (471 Views)

Re: Transaction Adds Computer Aided Manufacturing Software to Autodesk Portfolio

10-04-2012 09:21 AM in reply to: mcgyvr

mcgyvr wrote:

The sheer number of programs that work with Solidworks compared to Inventor is staggering.. Seems every cool program I come across integrates with Solidworks in one form or another...

 


SolidWorks seemed to be latched onto by the very bright "early adopters" who are now coming of age.
But the company itself seems to be stagnant as far as I can tell under the new management.

 

I think both companies see their product as a "mature product", (a commodity really).

Autodesk seems to be focused on winning the next generation of unconstrained Mac users, while SolidWorks, well I don't have an idea what their focus is.

 

I predict Buzz Kross will retire in the next couple of months (or by the release of 2014).  Who knows if someone with passion will take over......

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