Autodesk Agrees to Acquire Horizontal Systems
Acquisition Extends and Accelerates Autodesk Cloud-Based BIM (Building Information Modeling) Solutions for Collaboration, Data and Lifecycle Management
Autodesk University 2011
SAN RAFAEL, Calif. & LAS VEGAS–(BUSINESS WIRE)–Autodesk University — Autodesk, Inc. (NASDAQ:ADSK), a leader in 3D design, engineering and entertainment software, announced that it has signed a definitive agreement to acquire Horizontal Systems, a provider of innovative cloud-based Building Information Modeling (BIM) collaboration solutions for the Architecture, Engineering, and Construction (AEC) industry. The transaction is subject to customary closing conditions and is expected to close in Autodesk’s fourth quarter of fiscal 2012 (which ends on Jan. 31, 2012). Terms of the transaction were not disclosed.
“Autodesk has long been a valued business partner, sharing our dedication to advancing BIM across multi-discipline teams, workflows, and projects”