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Autodesk Completes Acquisition Of Firehole Composites

Autodesk Inc. (ADSK) said Tuesday that it has completed the acquisition of Firehole Technologies, d.b.a Firehole Composites, a privately held software company that specializes in design and analysis software for composite materials.

Through the acquisition, Autodesk will expand its expertise and technology to help its customers work with the next generation of lighter, stronger, safer and more energy efficient materials. Firehole Composites is based in Laramie, Wyoming.

Autodesk plans to sell and support the existing Firehole Composites product line, which includes Helius:MCT and Helius:CompositePro, while enhancing the technology for closer integration with Autodesk solutions. Terms of the transaction were not disclosed.

The deal is expected to have no impact on guidance issued on February 25, Autodesk said.

by RTTNews Staff Writer

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