Autodesk 2009 Annual Report Download - page 165

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AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
In-process research and development represents incomplete research and development projects that had not
reached technological feasibility and had no alternative future use as of the acquisition date. Total in-process
research and development related to ALGOR of $3.9 million was expensed to research and development during
fiscal 2009 on the Consolidated Statement of Income.
Customer relationships represent the underlying relationships and agreements with ALGOR’s existing
customers. Trade name represents the estimated fair value of ALGOR’s trade name and trademarks. The $16.4
million of goodwill, which represents the excess of the purchase price over the fair value of the acquired net
tangible and intangible assets, is not deductible for tax purposes. Deferred revenue represents the estimated fair
value of the support and maintenance obligations assumed from ALGOR in connection with this acquisition.
Autodesk estimates that these support and maintenance obligations will be substantially fulfilled by the
beginning of fiscal 2011.
Other Fiscal 2009 Acquisitions
In addition, during the year ended January 31, 2009, Autodesk completed seven other acquisitions,
including companies that designed, developed, manufactured and marketed artificial intelligence middleware,
image-based creation software, building information modeling software, sustainable building design software,
intelligent 3D urban modeling software and database oriented electrical computer-aided design software for
approximately $115.4 million, net of cash acquired. Management’s preliminary allocation of the purchase price
consideration, based on a valuation of the acquired assets and liabilities, is as follows:
Developed technologies (2.5 - 7 year useful life) .................................... $ 23.4
Customer relationships (5 - 7 year useful life) ....................................... 15.0
Tradename(6-7yearusefullife)................................................ 2.3
In-processresearchanddevelopment ............................................. 1.8
Goodwill .................................................................... 71.4
Nettangibleassets ............................................................ 3.8
$117.7
In-process research and development represents incomplete research and development projects that had not
reached technological feasibility and had no alternative future use as of the acquisition date. The total in-process
research and development amount was recorded during fiscal 2009 in research and development on the
Consolidated Statement of Income.
Fiscal 2008 Acquisitions
Robobat
In January 2008, Autodesk acquired Robobat S.A (“Robobat”), a privately held company headquartered in
Grenoble, France. The acquisition was valued at $42.5 million. Robobat was incorporated into the AEC segment.
The addition of Robobat technology enabled Autodesk to develop structural analysis and detailing solutions
that leverage the information at the heart of building information modeling (“BIM”) from design to fabrication. It
also complemented Autodesk’s structural engineering software offerings and helped Autodesk provide a more
complete set of well integrated solutions to the structural engineering industry.
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