{"id":3960,"date":"2014-06-25T05:14:00","date_gmt":"2014-06-25T05:14:00","guid":{"rendered":"https:\/\/adsknews.autodesk.com\/pressrelease\/autodesk-to-acquire-shotgun-software-creator-of-cloud-based-production-management-platform-for-film-television-and-games-industries"},"modified":"2018-09-12T17:26:06","modified_gmt":"2018-09-12T21:26:06","slug":"autodesk-to-acquire-shotgun-software-creator-of-cloud-based-production-management-platform-for-film-television-and-games-industries","status":"publish","type":"pressrelease","link":"https:\/\/adsknews.autodesk.com\/en\/pressrelease\/autodesk-to-acquire-shotgun-software-creator-of-cloud-based-production-management-platform-for-film-television-and-games-industries\/","title":{"rendered":"Autodesk to Acquire Shotgun Software, Creator of Cloud-Based Production Management Platform for Film, Television and Games Industries"},"content":{"rendered":"

Public Company Information: NASDAQ: ADSK   SAN FRANCISCO–(BUSINESS WIRE<\/a>)–Autodesk, Inc<\/a>. (Nasdaq:ADSK) has signed a definitive agreement to acquire\u00a0Shotgun Software<\/a>, a developer of scalable, cloud-based production tracking, review, and asset management software for the film, television and games industries. Shotgun\u2019s tools for production management are used by some of the world\u2019s leading production studios, and are tightly integrated with many of the most widely used tools in the industry including\u00a0Autodesk 3ds Max<\/a>\u00a0and\u00a0Autodesk Maya<\/a>\u00a0software. Terms of the acquisition were not disclosed. \u201cShotgun and Autodesk share a vision of an industry-wide, cloud-based production management system,” said Don Parker, Shotgun co-founder and chief executive officer. \u201cAutodesk\u2019s 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.\u201d 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\u2019s 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. \u201cThe acquisition of Shotgun will accelerate Autodesk\u2019s 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,\u201d said\u00a0Chris Bradshaw<\/a>, senior vice president, Autodesk Media & Entertainment. \u201cShotgun brings deep expertise and industry-leading technology in cloud products and production management, so we welcome the team, customers and community to Autodesk.\u201d Additional information is available at\u00a0www.autodesk.com\/shotgun<\/a>. Business Outlook<\/strong> This transaction is expected to close during Autodesk\u2019s fiscal quarter ending July 31, 2014 and have no impact on Autodesk\u2019s guidance issued on May 15, 2014. Safe Harbor Statement<\/strong> 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\u2019s products and services capabilities, customers, and partners. Factors that could cause actual results to differ materially include the following: Autodesk\u2019s 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\u2019s 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<\/strong> Autodesk helps people imagine, design and create a better world. Everyone\u2014from design professionals, engineers and architects to digital artists,\u00a0students and hobbyists\u2014uses Autodesk software to unlock their creativity and solve important challenges. For more information visit\u00a0autodesk.com<\/a>\u00a0or 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.<\/em> \u00a9 2014 Autodesk, Inc. All rights reserved.<\/em> \"\" Contact: Autodesk, Inc. Noah Cole, +1-415-580-3535 noah.cole@autodesk.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Public Company Information: NASDAQ: ADSK SAN FRANCISCO–(BUSINESS WIRE)–Autodesk, Inc. 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