MALAYSIA — Autodesk, Inc. has signed definitive agreements to acquire SeeControl, a San Francisco-based developer of an enterprise Internet of Things (IoT) cloud service platform; and netfabb, a Lupburg, Germany-based developer of software solutions for industrial additive design and manufacturing.
Adding Enterprise Internet of Things Cloud Service to Autodesk Portfolio with SeeControl
SeeControl’s service helps manufacturers and systems integrators connect, analyze, control, and manage remote products, things, and assets and create new service revenue opportunities.
“A new future of making things is emerging, where any built object, product or environment can be embedded with sensors that can feed information back into the design process. The acquisition of SeeControl is the first step on Autodesk’s ongoing efforts to develop new technologies and solutions that will help our customers leverage the Internet of Things, starting by enabling them to capture, analyze, and utilize data from their products,” said Amar Hanspal, Autodesk Senior Vice President for Information Modeling and Platform Products.
Autodesk intends to continue to sell and support the SeeControl platform and to incorporate the technology into design solutions for the manufacturing and building industries. Autodesk also plans to develop a new IoT solution based on the SeeControl technology that will allow companies to gain real world insights of how their products perform, enabling customers to explore innovative new service models.
Taking 3D Printing Beyond Prototyping and Plastics with netfabb
In addition to the acquisition of netfabb, Autodesk will also make a strategic investment in FIT Technology Group, the parent company of netfabb and provider of additive manufacturing software and services. The two companies will collaborate to increase adoption of technology for industrial additive manufacturing.
“Autodesk has always been impressed by FIT’s track record in creating powerful solutions to meet the challenges of industrial additive manufacturing and together we will accelerate a new future of making things,” said Samir Hanna, Autodesk vice president and general manager, Consumer & 3D Printing. “We look forward to welcoming the netfabb team to Autodesk and helping designers and manufacturers worldwide take 3D printing beyond prototyping and plastics, to reliably creating production-grade parts at scale.”
More than 80,000 designers, manufacturers, artists, researchers and developers worldwide currently use netfabb solutions as part of their 3D printing process. Autodesk plans to support and expand this community by continuing to develop, sell and support netfabb software as well as integrate netfabb technology into Autodesk’s solutions for product design and additive manufacturing, including Autodesk Fusion 360 the Spark 3D printing platform.
Business Outlook
These transactions are expected to have no impact on Autodesk’s guidance issued today, August 27, 2015.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding: the impact of the acquisition and strategic investment on Autodesk’s guidance issued on August 27, 2015, our business performance, and product and services offerings; the impact of the transactions on Autodesk’s and netfabb’s products and services capabilities, customers, and partners; and Autodesk’s plans to develop new technology for advanced manufacturing and expand the Spark 3D printing platform. Factors that could cause actual results to differ materially include the following: Autodesk’s ability to timely close the acquisition of netfabb and successfully integrate the business; costs related to the acquisition and strategic investment; whether demand for the 3D printing grows as anticipated; the competitive environment in the manufacturing industries and competitive responses to the acquisition; Autodesk and netfabb success developing new products or modifying existing products and the degree to which these gain market acceptance; general market and business conditions; and unanticipated impact of accounting for acquisitions. 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, 2015, and Form 10-Q for the quarter ended July 31, 2015, which are on file with the Securities and Exchange Commission. Autodesk does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
About Autodesk
Autodesk helps people imagine, design and create a better world. Everyone—from design professionals, engineers and architects to digital artists, students and hobbyists—uses Autodesk software to unlock their creativity and solve important challenges. For more information visit autodesk.com or follow @autodesk.
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