Autodesk 2004 Annual Report Download - page 72

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Linius Technologies, Inc. (“Linius”)
In February 2003, Autodesk acquired certain assets of Linius for approximately $1.0 million in cash. In
addition, Autodesk assumed approximately $0.2 million in liabilities. This acquisition provides Autodesk with
software that allows a wire harness designer to create 3D prototypes. Autodesk allocated the purchase
consideration to the following intangible assets, which are deductible for tax purposes: $0.2 million to
purchased technology and $1.0 million to goodwill. The purchased technology is being amortized on a
straight-line basis over an estimated useful life of 3 years. The goodwill was assigned to the Manufacturing
Solutions Division of the Design Solutions Segment.
truEInnovations
In December 2002, Autodesk acquired certain assets of truEInnovations for approximately $1.7 million
in cash. This acquisition provided Autodesk with file and data management software that has been
integrated into the Autodesk Inventor Series environment. The purchase consideration was allocated
principally to purchased technology and goodwill, which are deductible for tax purposes. The goodwill was
assigned to the Manufacturing Division of the Design Solutions Segment.
CAiCE Software Corporation (“CAiCE”)
In September 2002, Autodesk acquired certain assets and liabilities of CAiCE for $10.0 million in cash.
This acquisition allowed Autodesk to expand its presence in the transportation software market as well as
enhance Autodesk’s core civil design industry business by addressing the needs of both the public and
private sector engineering community.
Management’s allocation of the purchase consideration, which is based on valuations of acquired
assets and liabilities performed by a third party, is as follows (in thousands):
Developed technologies (3 year useful life) .............. $ 2,370
Other assets, net .......................................... 88
Goodwill ................................................... 7,546
$10,004
The $7.5 million of goodwill, which is deductible for tax purposes, was assigned to the Infrastructure
Solutions Division of Autodesk’s Design Solutions Segment. The goodwill is attributed to the premium paid
for emerging civil design technology and the opportunity for enhanced revenue growth in strategic
transportation markets.
Revit Technology Corporation (“Revit”)
In April 2002, Autodesk acquired the outstanding stock of Revit for a $133.0 million cash payment to
Revit shareholders, the assumption of unvested Revit stock options of $5.4 million, direct transaction costs
of $0.5 million and net assumed liabilities of $0.6 million for total purchase consideration of $139.5 million.
The acquisition provided Autodesk with parametric building information modeling technology that allows
customers to create a building design as a completely integrated system.
AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 10. Business Combinations (Continued)
62