FOR IMMEDIATE RELEASE
Corum Advises NavisWorks in Acquisition by Autodesk
ZURICH, Switzerland, September 7, 2007 – Corum Group Ltd., the global leader in merger and acquisition services to software and information technology companies worldwide, is pleased to announce the acquisition of its client, NavisWorks, a United Kingdom-based developer of 3D digital designs in the building, plant and marine markets, by Autodesk, Inc., a Calif.-based provider of design software to the manufacturing, building and construction, and media and entertainment markets.
“The combination of NavisWorks and Autodesk technology is an excellent match,” said Peter Thompson, CEO, NavisWorks. “Our products augment the coordinated, consistent and computable information produced by the Revit platform for building information modeling and can aggregate that information with data from other sources, including AutoCAD, Inventor, Civil 3D as well as many non-AutoCAD products, to build the most complete understanding possible of the overall project.”
“This transaction was a logical evolution of the symbiotic relationship that had developed prior to the deal,” added Miro Parizek, managing director, Corum Group International. “Now Autodesk can fully integrate the additional visualization tools NavisWorks had developed mostly for Autodesk users.”
NavisWorks is a customer oriented organization that develops and markets software to enable full exploitation of the benefits of 3D digital designs in the Building, Plant and Marine markets. NavisWorks sells through a worldwide distribution channel into more than 35 countries, with more than 3,000 customers who own more than 15,000 licenses of JetStream between them. For additional information, visit www.navisworks.com.
Autodesk, Inc. is a Calif.-based provider of design software to the manufacturing, building and construction, and media and entertainment markets. For additional information, visit www.autodesk.com.
About Corum Group
Corum Group Ltd. is the global leader in merger and acquisition services, specializing in serving software and information technology companies worldwide. With 11 offices globally, Corum has completed over US $6 billion in transactions in 15 countries in its over 20-year history, and publishes the industry’s most widely distributed M&A research. Corum’s principals are highly experienced former tech CEOs, who are supported by the industry’s leading researchers, writers and valuators. The company has spent more than US $20 million to build the world’s largest buyer database to help ensure unparalleled success in client engagements. For additional information, visit www.corumgroup.com.