CIMdata PLM Industry Summary Online Archive

31 October 2007

Acquisitions

Autodesk Announces Acquisition of Hanna Strategies

Autodesk, Inc . announced that it 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.

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