Autodesk, Inc. (NASDAQ:ADSK has signed an agreement to acquire
Hanna Strategies, an engineering services firm that offers software
development with centers in Shanghai, China, Atlanta, Georgia and Pune,
India. In 2006, Autodesk purchased an ownership interest in Hanna
Strategies and is now acquiring the remaining ownership. Terms of the
transaction were not disclosed.
"Our goal is to continue building and strengthening
Autodesk's development capabilities," said Carl Bass,
president and CEO of Autodesk. "The Hanna Strategies team consists
of experienced professionals and creative thinkers who will help deliver
upon Autodesk's goal of establishing a world-class, global
development network focused on continual innovation."
Autodesk and Hanna Strategies have worked closely together for the
last five years on the development of Autodesk design software products
that serve the manufacturing and building and construction markets. This
acquisition will increase Autodesk's investment in developing
solutions for Digital Prototyping, Building Information Modeling (BIM)
and 3D and 2D solutions.
Combining two talented development teams into one unified Autodesk
team will increase the efficiency and capacity of Autodesk's
engineering operations. This unified team will also expand opportunities
to attract and develop top engineering students and experienced
professionals in China.
Samir Hanna, president, and Chien-Ming Huang, general manager, of
Hanna Strategies will join Autodesk upon completion of this acquisition.
Samir Hanna will join as a vice president in the Manufacturing Solutions
division and Chien-Ming Huang will become vice president, at
Autodesk's China Application Development Center.
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 or call 415/269-9854.
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