Autodesk to Buy Green Building Studio, Carmel Software
 SAN
FRANCISCO, CA (Autodesk World Press Days), Feb 13, 2008 - Autodesk, Inc.
(Nasdaq: ADSK) is expanding its portfolio of software solutions to support
sustainable design in the architecture, engineering & construction (AEC)
markets with the acquisition of technology assets of two energy analysis
software companies. Autodesk announced that it has signed an agreement to
acquire substantially all the assets of Green Building Studio, an innovative
provider of web-based building energy analysis that enables architects and
engineers to easily perform whole building energy analysis early in the
design process. Autodesk also announced that it has acquired substantially
all the assets of Carmel Software Corporation, a developer of HVAC (heating,
ventilation and air conditioning) mechanical engineering software that
enables engineers and architects to analyze their mechanical designs and
help ensure sustainability goals are achieved. Terms of the acquisitions
were not disclosed.
"Autodesk is committed to providing technology that makes sustainable
design easier and more efficient," said Jay Bhatt, senior vice president,
Autodesk AEC Solutions. "We look forward to adding the Green Building Studio
and Carmel technologies to the Autodesk portfolio and helping our customers
more easily leverage the coordinated, reliable data created in the Revit
platform for building information modeling (BIM) to help predict performance
and design buildings with reduced environmental impact."
Green Building Studio Inc. developed the Green Building XML (gbXML)
schema and launched the Green Building Studio web service in 2004. The web
service offers whole building energy, carbon, and other analysis tools for
architects and designers using CAD and BIM software from Autodesk and other
industry providers. Green Building Studio provides the ability to quickly
and efficiently analyze building design proposals, providing building
performance information to support sustainable design. Autodesk currently
plans to continue support for the Green Building Studio web service and
gbXML as an open standard, and to strengthen the web service's integration
with its BIM software.
"We have partnered with Autodesk for many years, and commend their
ongoing support for sustainability," said John Kennedy, CEO, Green Building
Studio. "Green Building Studio looks forward to becoming part of Autodesk.
We are eager to contribute our industry expertise in green buildings to
drive mainstream adoption of sustainability and accelerate the AEC
industry's transition to carbon neutral buildings."
Carmel Software has been developing and selling HVAC mechanical
engineering software since 1995. Carmel's flagship product delivers thermal
load calculations that give engineers information to appropriately size a
building's HVAC systems. In addition, Carmel's software portfolio includes
programs for duct sizing, refrigeration, pipe sizing, estimating, and
life-cycle cost analysis. These applications are connected with the Revit
platform for BIM via gbXML. Autodesk plans to continue support for the
Carmel products and to leverage the capabilities of Carmel Software's
products with its BIM software
Stephen Roth, P.E., President of Carmel Software Corporation said, "We
are excited to join Autodesk and help mechanical, electrical and plumbing
customers use Carmel technology to analyze their HVAC designs to help create
better performing buildings."
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 offerings and the performance of its
business. Factors that could cause actual results to differ materially
include the following: difficulties encountered in integrating merged
businesses; whether certain market segments grow as anticipated; the
competitive environment in the software industry and competitive responses
to the acquisition; and whether the companies 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 reports on Form 10-K for
the year ended January 31, 2007, and Form 10-Q for the quarter ended October
31, 2007 which are on file with the Securities and Exchange Commission.
About Autodesk
Autodesk, Inc. is the 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. For additional information
about Autodesk, visit
http://www.autodesk.com.
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