SAN FRANCISCO, February 5, 2024 /PRNewswire/ — Autodesk, Inc. (NASDAQ: ADSK), a global leader in design and manufacturing software solutions, announced today its intention to acquire the PIX business unit from X2X. PIX is a robust production management tool designed to facilitate secure reviews and collaborative content sharing among creatives and executives across the media and entertainment industry during the entire production lifecycle.
In its recently published 2023 State of Design and Make report, Autodesk highlighted that operational efficiency and value creation are critical drivers for businesses in the media and entertainment sector. With this acquisition, Autodesk aims to significantly enhance these outcomes by promoting greater collaboration and communication while streamlining workflows to reduce costs and save time for its clients. Additionally, PIX aligns seamlessly with Autodesk's long-term strategy to connect pre-and post-production data via Flow, the industry cloud solution on its Design and Make platform tailored specifically for the media and entertainment sector.
However, the proposed acquisition remains subject to regulatory approvals and customary closing conditions. The terms of the deal have not been disclosed publicly. It’s important to note that until the transaction is finalized, Autodesk and PIX will continue operating independently as separate entities. Assuming all conditions are met, Autodesk anticipates completing the acquisition early in its fiscal year 2025.
While we anticipate numerous benefits from this merger, including enhanced capabilities and expanded service offerings, there are inherent risks associated with any major acquisition. Potential challenges may involve integrating PIX into Autodesk's existing systems, managing integration costs, and responding effectively to competitive pressures within the rapidly evolving media and entertainment landscape. Furthermore, achieving anticipated synergies hinges on factors like successful product innovation and gaining market traction for new offerings.
For now, Autodesk continues to focus on delivering innovative tools that empower creators worldwide to bring their visions to life—from architectural masterpieces to cinematic blockbusters. As part of its commitment to sustainability and growth, Autodesk remains dedicated to helping its clients achieve sustainable practices while fostering creativity and productivity.
Autodesk’s mission extends beyond just providing software; it’s about enabling people everywhere to imagine, design, and create a better world. To learn more about Autodesk’s offerings and stay updated on the latest developments, please visit autodesk.com or follow @autodesk. #MakeAnything
SOURCE: Autodesk, Inc.
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*Disclaimer: This communication contains forward-looking statements concerning future events and development efforts related to our products and services. Actual results may vary due to several uncertainties, including but not limited to regulatory delays, integration complexities, and competitive responses. Autodesk assumes no obligation to update this communication unless required by law.*
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