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Autodesk Buys Software Assets From Boss International

Posted on: Thu, 27 Aug 2009 04:08:00 EDT

Symbols: ADSK

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Aug 27, 2009 (FinancialWire via COMTEX) --
ADSK | Quote | Chart | News | PowerRating -- (Comment on this article at http://www.financialwire.net/2009/08/27/autodesk-buys-software-assets-from-boss-international/)

August 27, 2009 (FinancialWire) -- Software maker Autodesk, Inc. (NASDAQ: ADSK | Quote | Chart | News | PowerRating) said it has acquired certain assets from Boss International, Inc. to expand its water resources analysis capabilities for the architecture, engineering and construction industry. Terms of the transaction were not disclosed.

The company said that it will integrate Boss' StormNET for stormwater management analysis, RiverCAD for floodplain analysis, and WaterNET for water distribution analysis with Autodesk's model-based design solutions, including AutoCAD Civil 3D, to help engineers streamline workflows, reduce errors and boost productivity.

Autodesk said that the environmental engineering and water and wastewater utility markets have recently experienced an uptick due in large part to economic stimulus spending.

San Rafael, California-based Autodesk provides 2D and 3D design software for the manufacturing, construction, and media and entertainment markets.

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Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

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