Autodesk to Extend Highway and Transportation Solutions by Acquiring CAiCE Software Corporation.Business Editors
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., and TAMPA, Fla.--(BUSINESS WIRE)--Aug. 6, 2002
Acquisition Adds Powerful Visualization, Survey, Design, and Workflow
Capabilities to Autodesk's Civil Engineering and Transportation
Software for the Public and Private Sector
Autodesk, Inc. (Nasdaq:ADSK ADSK Autodesk, Inc. (NASDAQ stock symbol) ), the world's leading design software and digital content company, today announced it has entered into a definitive agreement to acquire the software and related assets of CAiCE Software Corporation, a profitable, Florida-based developer of surveying and engineering applications for transportation agencies and consultants, for approximately $10 million cash. Autodesk anticipates that the transaction will close in early September and expects that the acquisition will be neutral with respect to earnings for the current fiscal year. With this acquisition, Autodesk will add complementary functionality to its existing civil engineering solutions for highways, airports, railroads, and other transportation-related segments positioning Autodesk to expand into new markets.
"Large transportation agencies, such as state and federal Departments of Transportation, are increasingly looking for Looking for
In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a single vendor to bridge the gap between the planners using GIS software This is a list of notable GIS software applications. See also the comparison of GIS software. Open source software
Most widely used open source applications:
"This is an exciting development for the transportation industry," said Alan Akman, 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. of CAiCE Software Corporation. "The combined technology of CAiCE and Autodesk will offer transportation organizations an outstanding solution for integrating the planning, design, construction, and maintenance of transportation infrastructure projects worldwide."
About CAiCE Software Corporation
CAiCE Software Corporation, founded in 1989 and based in Tampa, Florida “Tampa” redirects here. For other uses, see Tampa (disambiguation).
Tampa is a United States city in Hillsborough County, on the west coast of Florida. It serves as the county seat for Hillsborough County.GR6. , specializes in powerful, state-of-the-art civil software automation tools that deliver advanced engineering and decision-making solutions to today's survey, civil design, and water resources engineers. The CAiCE Software offering is complemented by excellence in related consulting, custom development, training, and technical services. For more information about CAiCE Software Corporation, see www.caice.com.
Founded in 1982, Autodesk, Inc. is the world's leading design and digital media creation, management, and distribution company. The company serves a diverse portfolio of markets, including building design, 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 , manufacturing, digital media, and wireless data services. By delivering tools that foster innovation and creativity, Autodesk helps customers throughout the value chain leverage digital design data to work better, faster, and smarter. Autodesk is one of the largest global software companies with annual revenues of $936 million. For more information about the company, see www.autodesk.com.
Safe Harbor Safe Harbor
1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.
2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement
This press release contains forward-looking statements forward-looking statement
A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. about the expectations, beliefs, plans, intentions, and strategies of Autodesk relating to relating to relate prep → concernant
relating to relate prep → bezüglich +gen, mit Bezug auf +acc the acquisition of certain assets of CAiCE Software Corporation. These statements reflect Autodesk's current beliefs and are based on current information available to Autodesk. The ability of Autodesk to achieve these business objectives involves many risks and uncertainties that could cause actual outcomes and results to differ materially. In particular, while the companies have executed a definitive agreement, there is no assurance that they will complete the transaction. The transaction is subject to customary approvals and other conditions to closing, which if not achieved could result in the termination of the agreement. Other risks and uncertainties include the failure to achieve expected synergies and efficiencies of operations; employee retention; the ability to manage the integration of products and operations between Autodesk and CAiCE Software; timely development and acceptance of products and services and their feature sets; and other risks associated with acquisitions that are described from time to time in Autodesk reports filed with the Securities and Exchange Commission.
Autodesk is a registered trademark of Autodesk, Inc., in the USA and/or other countries. All other brand names, product names, or trademarks belong to their respective holders.