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  • Friday, April 19, 2024

Autodesk Purchases Simulation Software Firm for $39 Million

Autodesk (NASDAQ:ADSK) has a deal in place to acquire simulation software specialist Blue Ridge Numerics for $39 million.

The firm expects the deal to close by the end of April.

The Va.-based Blue Ridge Numerics’ CFdesign technology will serve as a boost to Autodesk’s simulation software portfolio for manufacturers.

“Simulation represents a significant growth area for Autodesk, and we are focused on strengthening our portfolio in this area both organically and through acquisitions, ” said Robert “Buzz” Kross, senior vice president of the Manufacturing Industry Group at Autodesk. “The acquisition of Blue Ridge Numerics will add important new simulation capabilities to virtually test and predict how a product or building design will work, allowing our customers to compete more effectively at every step of the design process.”

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