Autodesk Inc has agreed to buy Alias for $182 million cash.
Interesting quotes/comments picked up off the web …
Alias had sales of $83 million in its last fiscal year ending in June.
Accel-KKR, a private equity firm, is the majority shareholder in Alias, and it is believed that Alias had been working towards an IPO.
Accel-KKR had agreed to fund potential acquisitions and boost research and development spending, support that was missing under its former parent (SGI). But Doug Walker, president of Alias, said Autodesk’s offer was too big to reject, and his company suddenly went from being an acquirer to a target.
Alias StudioTools™ – software for design tasks from 2D sketches to production models – will add industrial design and high-end visualization capabilities to Autodesk’s manufacturing solutions. Autodesk will continue to develop the Alias product lines in conjunction with Autodesk’s complementary products and technologies.
By combining Alias’s conceptual design software with its own mechanical design programs, Autodesk will have technology that covers the entire design process, from the drawing board to the factory floor, said Marc Petit, Autodesk’s vice-president of product development.
Recent Comments