Autodesk 2009 Annual Report Download - page 167

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AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Customer relationships represent the underlying relationships and agreements with NavisWorks’ existing
customers. Trade name represents the estimated fair value of NavisWorks’ trade name and trademarks. The $9.3
million of goodwill, which represents the excess of the purchase price over the fair value of the acquired net
tangible and intangible assets, is deductible for tax purposes. Deferred revenue represents the estimated fair value
of the support and maintenance obligations assumed from NavisWorks in connection with this acquisition.
Other Fiscal 2008 Acquisitions
In addition, during the year ended January 31, 2008, Autodesk completed eight other acquisitions for
approximately $83.7 million, net of cash acquired. Management’s allocation of the purchase price consideration,
based on a valuation of the acquired assets and liabilities, is as follows:
Developed technologies (2.5 - 6.5 year useful life) .................................... $12.8
Customer relationships (5.0 - 8.5 year useful life) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.6
Tradename(2.5-4.0yearusefullife).............................................. 0.5
In-processresearchanddevelopment .............................................. 2.7
Goodwill ..................................................................... 50.3
Net tangible assets ............................................................. 10.8
$83.7
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 2008 in research and development on the
Consolidated Statement of Income.
Customer relationships represent the underlying relationships and agreements with the acquirees’ existing
customers. Trade name represents the estimated fair value of the acquirees’ trade names and trademarks. The
$50.3 million of goodwill, which represents the excess of the purchase price over the fair value of the acquired
net tangible and intangible assets, is deductible for tax purposes.
Fiscal 2007 Acquisitions
Emerging Solutions, Inc. (“Constructware”)
In March 2006, Autodesk acquired Constructware, a privately-held company, for cash consideration of
approximately $45.7 million. Autodesk incorporated Constructware’s collaborative technology solutions into the
AEC segment. This acquisition provided on-demand communication and collaboration solutions and enabled
Autodesk to expand its Buzzsaw collaborative project management solution with Constructware’s cost, bid and
risk management capabilities.
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