Autodesk Buys Visualization Tech Firm PI-VR
Jan 8th 2013 12:40PM
Updated Jan 8th 2013 12:48PM
On Tuesday, design software maker Autodesk confirmed that it has completed its acquisition of privately held German software maker PI-VR, a maker of "visualization technology" software used primarily in the automotive industry.
According to Autodesk, PI-VR's "VRED technology helps solve a broad set of problems in the process of car design and engineering, and reduces the need for physical prototypes through the use of real time, highly realistic visualization."
In a statement, Autodesk said it will continue selling, supporting, and enhancing PI-VR software to its customer base, while at the same time integrating its own software technologies into the PI-VR platform.
Financial details of the transaction were not disclosed, although Autodesk said the purchase will not affect its guidance issued on Nov. 15, when management predicted it would earn fiscal Q4 2013 profits of between $0.18 and $0.26 on $570 million to $600 million in revenues.
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