Autodesk Acquires Mechanical Design Application Assets of Genius-CAD Software GmbH.SAN RAFAEL San Rafael (săn rəfĕl`), residential city (1990 pop. 48,404), seat of Marin co., W Calif., a suburb of San Francisco on the northern shore of San Francisco Bay; inc. 1913. , Calif.--(BUSINESS WIRE)--MAY 4, 1998-- Leader in Mechanical Design Applications Broadens Autodesk's Range of Mechanical Solutions Autodesk Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ADSK ADSK Autodesk, Inc. (NASDAQ stock symbol) ) and Genius CAD-Software GmbH today announced that Autodesk has completed the acquisition of assets Acquisition of assets A merger or consolidation in which an acquirer purchases the selling firm's assets. related to the mechanical applications business of the privately held Amberg, Germany based mechanical software developer. This transaction accelerates and advances Autodesk's move to strengthen the functionality of its core mechanical products while broadening its product line. Terms of the agreement include the purchase of all intellectual property rights to Genius' mechanical design software application suite and certain other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. for $68 million in cash. Genius' mechanical design product family and related personnel will be integrated into Autodesk's Mechanical Market Group, headquartered in San Rafael and directed by Dominic Gallello, Autodesk's Mechanical Market Group vice president. The Amberg, Germany development facility will join Autodesk's seven other worldwide development sites for mechanical design software. "This decision was customer driven," said Gallello. "Our users around the world have been very clear with us that they expect Autodesk to provide robust geometry creation and edit tools that meet their particular industry-specific needs. Genius' mechanical design software meets head-on the needs of our industrial machinery, equipment and electro-mechanical customers at a fraction of the cost of higher priced MCAD MCAD Microsoft Certified Application Developer MCAD Mechanical Computer Aided Design MCAD Medium-Chain Acyl-CoA Dehydrogenase (inherited metabolic disease) MCAD Minneapolis College of Art and Design solutions." "We see significant productivity advantages for Krupp in the integration of the Autodesk and Genius product lines," said G. A. Hawner, manager of CAD in Krupp's IT Department. "The new set of products provides us with a strong foundation for the development of machinery and plant design components. It will also help us implement global engineering collaboration throughout our worldwide operations." Krupp Transport Equipment offers leading-edge equipment and systems for mining and processing, and complete bulk handling facilities for ports, stockyards and power station coaling plants. With more than 80,000 users principally in Europe and Asia, Genius is a technology leader in mechanical applications for AutoCAD and Mechanical Desktop. For over 10 years, Genius has been developing software for Autodesk products, and since 1995 the company has been a vital member of Autodesk's Mechanical Applications Initiative (MAI MAI Mail (File Name Extension) MAI Multilateral Agreement on Investment MAI Maius (Latin: May) MAI Ministerul Administratiei si Internelor (Romanian) ). "We are joining strength with strength," noted Georg Baumann, Genius president. "Genius' solid technical expertise and Autodesk's innovative mechanical design technologies and worldwide distribution network make an ideal marriage that can only benefit our mutual customers." "Together, we can make greater strides in helping customers reduce the time it takes them to move their designs from idea to manufactured product and bring increased productivity at lower cost," said Carol Bartz, Autodesk chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Blending the Genius and Autodesk mechanical CAD product lines is also a logical business decision because it will allow us to deliver more value to our customers worldwide. We are very excited about the extraordinary base of mechanical engineering expertise that Genius brings to the Autodesk family." Genius products Genius Products (also known as Genius Entertainment) is a home video company based in Santa Monica, California. On December 5, 2005, Genius Products, Inc. announced a distribution joint venture with The Weinstein Company called Genius Products, LLC,[1], and include Genius Desktop, which extends the capabilities of Autodesk's Mechanical Desktop; Genius 14, a powerful add-on to AutoCAD Release 14 for 2D mechanical design; and Genius LT 97, which works with AutoCAD LT to bring additional productivity to occasional mechanical users by adding mechanical symbols and standard parts. "The sale of the Genius mechanical product line is only the first move in a long-term repositioning repositioning Laparoscopic surgery The changing of a Pt's position during a procedure to improve access or visualization of the operative field, which may be linked to complications, as it changes anatomic planes of operation. Cf Laparoscopic surgery. of Genius and its affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. into new application fields," Baumann said. "The new organization will also expand the business into the highest levels of the robotic ro·bot·ic adj. Relating to, characteristic of, or employing robots. automation field, focusing on the automotive and microelectronics microelectronics, branch of electronic technology devoted to the design and development of extremely small electronic devices that consume very little electric power. industries." Genius CAD Software will continue as a separate company under the same name, developing new software solutions and maintaining its own distribution channel and partner programs. As an integral part of the agreement, Autodesk will distribute PowerParts along with its mechanical products in Europe, the Middle East, and Africa over the next three years. Autodesk and Genius will cooperate in the development of a 3D parametric kernel The nucleus of an operating system. It is the closest part to the machine level and may activate the hardware directly or interface to another software layer that drives the hardware. which will be included in the next release of PowerParts and will be fully compatible with Autodesk products. PowerParts provides parts manufacturer content in digital form to Autodesk European customers at no charge. About Autodesk Mechanical Solutions Autodesk's family of complementary, industry-leading products for mechanical design includes Mechanical Desktop(R) software, a parametric feature-based solid, assembly and surface modeling solution; AutoCAD Mechanical(TM) software, a 2D drafting add-on for AutoCAD(R) Release 14; and Motiva DesignGroup -- a new advanced data management solution developed jointly by Autodesk and Motiva Software Corporation for AutoCAD Release 14 and Mechanical Desktop 3.0 users -- expected to ship later this year. These products -- in combination with other complementary Autodesk products such as Autodesk View(TM) and 3D Studio Max(R), as well as seamlessly integrated applications developed by well-respected Mechanical Application Initiative partners in key mechanical market niches -- provide the tools necessary to create, re-use and manage data in the mechanical design-through-manufacturing process. About Autodesk Autodesk is the world's leading supplier of PC design software and PC multimedia tools. The company's 2D and 3D products, geographic information systems geographic information system (GIS) Computerized system that relates and displays data collected from a geographic entity in the form of a map. The ability of GIS to overlay existing data with new information and display it in colour on a computer screen is used primarily to , and data management tools are used in many industries for mapping, architectural design This article or section may contain original research or unverified claims. Please help Wikipedia by adding references. See the for details. This article has been tagged since September 2007. , mechanical design, film and video production, video/game development, and Web content development. Its Kinetix(R) division is the leader in PC-based 3D modeling and animation software, providing a full range of products for digital media and design professionals. The fourth-largest PC software company in the world, Autodesk has more than three million customers in more than 150 countries. Autodesk products are sold through Autodesk Systems Centers, Dealers and Distributors worldwide. For more information, please call 415-507-5000, type GO ADESK on CompuServe, or visit its World Wide Web site at http://www.autodesk.com. Kinetix can be reached by calling 800/879-4233 or through its World Wide Web site at http://www.ktx.com. Autodesk shares are traded on the NASDAQ National Market under the symbol ADSK. -0- Note to Editors: Autodesk, the Autodesk logo, AutoCAD, Kinetix, WorkCenter, Mechanical Desktop and 3D Studio MAX are registered trademarks of Autodesk, Inc. AutoCAD Mechanical and Autodesk View are trademarks of Autodesk, Inc. Windows and Windows NT (Windows New Technology) A 32-bit operating system from Microsoft for Intel x86 CPUs. NT is the core technology in Windows 2000 and Windows XP (see Windows). Available in separate client and server versions, it includes built-in networking and preemptive multitasking. are registered trademarks of Microsoft, Inc. ACIS is a registered trademark of Spatial Technology Inc. All other brand names, product names, or trademarks belong to their respective holders. CONTACT: Autodesk, Inc. Garth garth n. 1. A grassy quadrangle surrounded by cloisters. 2. Archaic A yard, garden, or paddock. [Middle English, enclosed yard, from Old Norse gardhr; see Bradley, 415/507-4733 (Editorial) garth.bradley@autodesk.com Christine Tsingos, 415/507-6704 (Financial Analysts) christine.tsingos @autodesk.com or Genius-CAD Software GmbH Press.Notes@genius.de |
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