Autodesk 2013 Annual Report Download - page 150

accompanying Consolidated Statement of Operations since their respective acquisition dates. Pro forma results of operations
have not been presented because the effects of the following acquisitions, individually and in the aggregate, were not material
to Autodesk's Consolidated Financial Statements.
For acquisitions accounted for as business combinations, Autodesk recorded the tangible and intangible assets acquired
and liabilities assumed based on their estimated fair values at the date of acquisition. The fair values assigned to the identifiable
intangible assets acquired were based on estimates and assumptions determined by management. Autodesk recorded the excess
of consideration transferred over the aggregate fair values as goodwill.
Fiscal 2013 Acquisitions
On June 7, 2012, Autodesk acquired Vela Systems, Inc. (“Vela”) for total cash consideration of $76.0 million. Vela was a
privately owned company that provides a cloud-based mobile platform that delivers critical information to the construction and
capital projects market. Prior to acquiring Vela, Autodesk had an equity investment with the company that had an acquisition-
date fair value of $6.8 million using a market approach to value the investment. Valuations using the market approach reflect
relevant observable information generated by market transactions involving comparable businesses. As a result of the
acquisition, Autodesk recorded a $3.3 million gain on the sale of the investment. Vela has been integrated into, and the related
goodwill was assigned to, Autodesk's AEC segment. The amount of goodwill that is expected to be deductible for tax purposes
is zero.
On August 1, 2012, Autodesk acquired Socialcam, Inc, (“Socialcam”) for total cash consideration of $59.5 million.
Socialcam was a privately held web-based company offering a smartphone application and web-based service that allows users
to capture, edit, and share video. Of the $59.5 million, Autodesk incurred $16.6 million relating to the acceleration of vesting of
equity awards held in Socialcam for Socialcam employees immediately prior to the acquisition. The $16.6 million stock based
compensation charge is included in "Research and development" in the Consolidated Statement of Operations. Socialcam has
been integrated into, and the related goodwill was assigned to, Autodesk’s PSEB segment. The amount of goodwill that is
expected to be deductible for tax purposes is zero.
On October 4, 2012, Autodesk acquired Qontext, an enterprise business and social collaboration software solution, from
India-based Pramati Technologies for $26.0 million and hired the Qontext development team. This acquisition is expected to
accelerate Autodesk’s ongoing move to the cloud and expansion of social capabilities in the Autodesk 360 cloud-based service.
Treated as a business combination, Qontext has been integrated into, and the related goodwill was assigned to, Autodesk’s
PSEB segment. The amount of goodwill that is expected to be deductible for tax purposes is $24.0 million.
On December 21, 2012, Autodesk acquired PI-VR GmbH (“PI-VR”) for approximately $48.6 million. PI-VR was a
privately held company based in Berlin, Germany that specializes in sophisticated real time visualization technology used
primarily in the automotive industry. PI-VR has been integrated, and the related goodwill was assigned to, Autodesk's MFG
segment. The amount of goodwill that is expected to be deductible for tax purposes is zero.
During the fiscal year ended January 31, 2013, Autodesk also completed nine other business combination and technology
acquisitions for total cash consideration of approximately $63.2 million. These business combinations and technology
acquisitions were not material individually or in aggregate to Autodesk's Consolidated Financial Statements.
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