Autodesk Acquires Bitsquid AB; Terms Undisclosed - Quick Facts

(RTTNews) - Design software maker Autodesk Inc. (ADSK) said that it has acquired Stockholm-based Bitsquid AB, the creator of the Bitsquid game engine. Terms of the acquisition were not disclosed.

In addition to acquiring the Bitsquid game engine, the acquisition of the Bitsquid team and technology will enable Autodesk to create new tools that push the limits of real-time 3D visualization for architects and designers, many of whom face challenges placing design data into real world contexts. The new technology will also be incorporated into solutions for customers outside of the games industry, including architecture, manufacturing, construction, and film, the company noted.

Autodesk plans to create new types of design exploration tools that allow visualization and contextualization of designs using the same fluid control and immediate feedback that exist today in modern console and PC games.

Additional information on the new Autodesk 3D game engine, which will complement Autodesk's games portfolio of middleware tools and 3D animation software including Autodesk Maya LT, Autodesk Maya and Autodesk 3ds Max, will be available later this year.

This transaction is expected to have no impact on Autodesk's guidance issued on May 15, 2014.

In May, the company said that it expected earnings of $0.05 - $0.10 per share, adjusted earnings of $0.25 - $0.30 per share, and revenue of $595 million to $610 million for the second quarter. The company now anticipated revenue growth of 4% to 6% for the full year fiscal 2015.

Analysts polled by Thomson Reuters expect the company to report earnings of $0.28 per share and revenues of $600.23 million for the second-quarter. Analysts' estimates typically exclude special items.