Autodesk Continues Strategic Investment in Product Lifecycle Management with Acquisition of Inforbix

Autodesk, Inc., (NASDAQ: ADSK) a world leader in 3D design, engineering and entertainment software, continued its strategic investment in product lifecycle management (PLM) and has announced it has acquired certain assets of Inforbix, LLC.  Inforbix is a software company focused on cloud-based SaaS solutions aimed at increasing the value of product data, productivity, and improved decision making for manufacturing-based companies. Terms of the transaction were not disclosed.  As a part of this acquisition, Autodesk also announced that it appointed Oleg Shilovitsky as Senior Director of PLM and Data Management.  Shilovitsky is a co-founder of Inforbix, LLC.

“Oleg Shilovitsky is an established PLM thought leader who brings deep industry experience and a history of innovation to his new role at Autodesk,” said Buzz Kross, senior vice president, Design, Lifecycle and Simulation at Autodesk.  “Since the launch of Autodesk PLM 360 last year, we have introduced thousands of new users to the power of cloud-based PLM.  We are thrilled to welcome Oleg and under his leadership look forward to continued innovation and driving greater adoption of Autodesk PLM 360.” 

Autodesk plans to incorporate Inforbix technology for indexing, search, personalization and data visualization into Autodesk PLM360, which will help to accelerate the vision for the Autodesk 360 cloud services.

Oleg Shilovitsky co-founded Inforbix in 2010 and served as CEO. He was Inforbix’s strategist, technologist, and ideologist and also an author of the PLM Think Tank and Beyond PLM blogs. Prior to Inforbix, Shilovitsky worked for Smart Solutions, SmarTeam, Enovia and Dassault Systems.
Business Outlook

This transaction is expected to have no impact on Autodesk’s earnings guidance issued on August 23, 2012.