News Feed Item
Autodesk Completes Acquisition of Delcam
|By Business Wire
|February 6, 2014 09:34 AM EST
Inc. (NASDAQ:ADSK) has completed the acquisition of Delcam,
one of the world’s leading suppliers of
advanced computer-aided manufacturing (CAM) software. Autodesk announced
its intent to acquire Delcam on November 7, 2013 for £20.75 per
share or approximately £172.5 million (~USD $286 Million), using
non-U.S.-based cash. Delcam will operate as a wholly owned,
independently operated subsidiary of Autodesk, with
no significant changes planned for Delcam’s business.
“Autodesk brings to Delcam increased financial strength, unparalleled
expertise in design, and a long history of making technology accessible
to broad audiences. Through sharing our technology and expertise, this
transaction will transform industries and improve how the world is
designed and made,” said Clive Martell, Delcam chief executive officer.
“By maintaining the basic structure of Delcam’s business, Autodesk is
reflecting its trust in and respect for Delcam’s solutions, leadership
and organization, and we are excited to come together and further the
vision, development and implementation of technology for digital
Headquartered in Birmingham, UK, Delcam’s range of design, manufacturing
and inspection software provides automated CADCAM solutions for a
variety of industries, ranging from aerospace and automotive to toys and
sports equipment. The company has more than 30 offices worldwide and
approximately 700 employees.
“The acquisition of Delcam is an important step in Autodesk’s continued
expansion into manufacturing and fabrication and beyond our roots in
design. Together with Delcam we look forward to accelerating the
development of a more comprehensive Digital Prototyping solution and
delivering a better manufacturing experience,” said Buzz
Kross, senior vice president for Design, Lifecycle and Simulation
products. “We welcome the Delcam employees, customers, partners and
community to Autodesk.”
This transaction is expected to have no impact on Autodesk’s guidance
issued on November 26, 2013. Autodesk expects this transaction to be
dilutive to its non-GAAP earnings in fiscal 2015 and accretive to its
non-GAAP earnings in fiscal 2016*. The company will provide more details
about the impact of the transaction on its fourth quarter conference
call, currently scheduled for February 26, 2014.
Safe Harbor Statement
This press release contains forward-looking statements that involve
risks and uncertainties, including statements regarding: the impact of
the acquisition on Autodesk's earnings per share, business performance,
manufacturing industry product and services offerings; and the impact of
the transaction on Autodesk's and Delcam’s manufacturing products and
services capabilities, customers and partners, and industry
transformations. Factors that could cause actual results to differ
materially include the following: difficulties encountered in
integrating merged businesses; costs related to the acquisition; whether
certain markets grow as anticipated; the competitive environment in the
manufacturing industry and competitive responses to the acquisition;
Autodesk and Delcam’s 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,
2013, and Form 10-Q for the quarter ended October 31, 2013, 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.
* This statement regarding earnings is not intended to be a profit
forecast and should not be interpreted to mean that the earnings per
Autodesk share for the current or future financial periods will
necessarily be greater than those for the relevant preceding financial
period. Autodesk is not able to provide statements regarding dilution of
or accretion to GAAP earnings at this time because of the difficulty of
estimating certain items that are excluded from non-GAAP earnings, such
as charges related to stock-based compensation expense and amortization
of acquisition related intangibles, the effect of which may be
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
Autodesk is a registered trademark of Autodesk, Inc., and/or its
subsidiaries and/or affiliates in the USA and/or other countries. All
other brand names, product names or trademarks belong to their
respective holders. Autodesk reserves the right to alter product and
services offerings, and specifications and pricing at any time without
notice, and is not responsible for typographical or graphical errors
that may appear in this document.
© 2014 Autodesk, Inc. All rights reserved.
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location.
With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Aug. 26, 2016 07:00 AM EDT Reads: 3,903
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Aug. 26, 2016 05:00 AM EDT Reads: 3,013
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved.
In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
Aug. 26, 2016 03:15 AM EDT Reads: 1,400
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences.
In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
Aug. 26, 2016 02:15 AM EDT Reads: 1,943
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years?
This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
Aug. 26, 2016 01:30 AM EDT Reads: 1,663
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions.
In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
Aug. 26, 2016 01:15 AM EDT Reads: 2,011
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market.
In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Aug. 26, 2016 01:00 AM EDT Reads: 1,951
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Aug. 26, 2016 12:45 AM EDT Reads: 2,257
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things.
And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Aug. 26, 2016 12:30 AM EDT Reads: 2,899
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Aug. 25, 2016 11:45 PM EDT Reads: 2,285
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications.
Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Aug. 25, 2016 10:45 PM EDT Reads: 1,871
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Aug. 25, 2016 10:15 PM EDT Reads: 1,717
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Aug. 25, 2016 09:15 PM EDT Reads: 2,203
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage.
Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Aug. 25, 2016 09:00 PM EDT Reads: 1,700
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications.
In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability.
Aug. 25, 2016 06:30 PM EDT Reads: 1,941