Autodesk Buys Visualization Tech Firm PI-VR

On Tuesday, design software maker Autodesk (NASDAQ: ADSK  ) confirmed that it has completed its acquisition of privately held German software maker PI-VR, a maker of "visualization technology" software used primarily in the automotive industry.

According to Autodesk, PI-VR's "VRED technology helps solve a broad set of problems in the process of car design and engineering, and reduces the need for physical prototypes through the use of real time, highly realistic visualization."

In a statement, Autodesk said it will continue selling, supporting, and enhancing PI-VR software to its customer base, while at the same time integrating its own software technologies into the PI-VR platform.

Financial details of the transaction were not disclosed, although Autodesk said the purchase will not affect its guidance issued on Nov. 15, when management predicted it would earn fiscal Q4 2013 profits of between $0.18 and $0.26 on $570 million to $600 million in revenues.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2184870, ~/Articles/ArticleHandler.aspx, 11/28/2015 4:30:08 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Smith

I love things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

Today's Market

updated 9 hours ago Sponsored by:
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 1.24 0.06%
NASD 5,127.53 11.38 0.22%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

11/27/2015 12:59 PM
ADSK $63.05 Up +0.13 +0.21%
Autodesk, Inc. CAPS Rating: ***