StormNET, RiverCAD and WaterNET Software Tools to Provide Autodesk Civil Engineering and Utility Customers with Comprehensive Water Analysis Capabilities
SAN RAFAEL, Calif., Aug. 26 /PRNewswire-FirstCall/ -- Autodesk, Inc. (Nasdaq: ADSK), a world leader in 2D and 3D design, engineering and entertainment software, has announced the acquisition of certain assets from BOSS International, Inc. to further expand its water resources analysis capabilities for the architecture, engineering and construction (AEC) industry. StormNET for stormwater management analysis, RiverCAD for floodplain analysis, and WaterNET for water distribution analysis will be more closely integrated with Autodesk's model-based design solutions, including AutoCAD Civil 3D, to help engineers streamline workflows, reduce errors and boost productivity. Terms of the transaction were not disclosed.
The environmental engineering and water/wastewater utility markets have recently experienced an uptick due in large part to economic stimulus spending. The acquisition of these products aligns with Autodesk's mission to consistently extend value to its customers and satisfy industry demand. Adding valuable expertise and industry knowledge, Chris Maeder, former president and CEO of BOSS International, will join Autodesk as an industry solutions manager for the environmental engineering industry.
"The addition of BOSS International's water, sewer, and stormwater analysis technology to the Autodesk portfolio supports Autodesk's commitment to extend the value of our model-based design solutions for conducting simulation and analysis of design performance before projects are built," said Jim Lynch, vice president of marketing for AEC solutions at Autodesk. "This is particularly important for sustainable design when engineers need to evaluate the impact of various stormwater management approaches - including rain gardens, bioretention and green roofs - to identify those with minimal environmental impact."
"This acquisition is exciting news. I am a long time user of Civil 3D and BOSS International's StormNET and RiverCAD. The integration of the two is a striking example of Autodesk's continued commitment to the maturation, improvement and evolution of civil engineering proficiency," said Robert Gill, senior project manager at Menlo Engineering Associates. "The civil engineering community will receive a tremendous lift by Autodesk and BOSS International aligning these technologies to further facilitate the design process, reduce the time required to complete projects and improve the quality of deliverables to the client."
At this time, product support and distribution of new product licenses for the StormNET, RiverCAD and WaterNet software products will only be provided by BOSS Computec, a former subsidiary of BOSS International. Product integration details will be announced at a later date.
Business Outlook
This 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, 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 built. 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 www.autodesk.com.
Safe Harbor Statement
This media alert contains forward-looking statements that involve risks and uncertainties, including statements regarding the impact of the acquisition on Autodesk's previously issued guidance, product offerings, product integration plans and the performance of its business. Factors that could cause actual results to differ materially include the following: difficulties encountered integrating Boss International'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.
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, 2009, and Form 10-Q for the quarter ended April 30, 2009, which are on file with the United States Securities and Exchange Commission.
Autodesk, AutoCAD, Civil 3D, StormNET, RiverCAD, and WaterNET 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) 2009 Autodesk, Inc. All rights reserved.
