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SAN FRANCISCO -- Autodesk Inc. (Nasdaq: ADSK) has signed a definitive
agreement to acquire Shotgun Software, a developer of scalable,
cloud-based production tracking, review and asset management
software for the film, television and games industries. Shotgun's
tools for production management are used by some of the world's
leading production studios and are tightly integrated with many of
the most widely used tools in the industry including Autodesk 3ds
Max and Autodesk Maya software. Terms of the acquisition were
not disclosed.
“Shotgun and Autodesk share a vision of an industry-wide,
cloud-based production management system," said Don Parker,
Shotgun co-founder and chief executive officer.
“Autodesk’s broad global network and development
resources will speed up the pace of innovation and development of
our global platform. Together, we will extend our tools deeper into
the production process, and develop new solutions that best support
the studios of the future.â€
Since the launch of the Shotgun solution in 2006, it has become
widely-adopted across the industry, providing business tools for
managers and visual collaboration tools for artists and
supervisors, who are often working globally with distributed teams.
More than 500 customers, including a number of leading studios, are
using Shotgun’s customizable system and contribute to the
ongoing development of its growing ecosystem of applications. The
existing Shotgun team will continue to support current and new
customers, and lead future product development.
"The acquisition of Shotgun will accelerate Autodesk's efforts
to deliver solutions that help our creative customers solve the
critical problem of operating more efficiently by collaborating
globally to deliver increasingly complex productions on time and
budget," said Chris Bradshaw, senior vice president, Autodesk
Media & Entertainment. "Shotgun brings deep expertise and
industry-leading technology in cloud products and production
management, so we welcome the team, customers and community to
Autodesk."
Business Outlook
This transaction is expected
to close during Autodesk’s fiscal quarter ending July 31,
2014, and have no impact on Autodesk’s guidance issued on May
15, 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 guidance issued on May 15, 2014, our
business performance, and product and services offerings; the
impact of the transaction on Autodesk's and Shotgun
Software’s products and services capabilities, customers, and
partners. Factors that could cause actual results to differ
materially include the following: Autodesk’s ability to
timely close the acquisition of Shotgun Software; difficulties
encountered in integrating merged businesses; costs related to the
acquisition; whether certain markets grow as anticipated; the
competitive environment in the media and entertainment industry and
competitive responses to the acquisition; Autodesk and Shotgun
Software’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 April 30, 2014, 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.
About Autodesk
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 follow @autodesk.
Autodesk, the Autodesk logo, 3ds Max and Maya are registered
trademarks or trademarks 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.
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