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SAN FRANCISCO, February 5, 2024 /PRNewswire/ – Autodesk, Inc. (NASDAQ: ADSK), a leading provider of software for design and construction industries, has announced its intention to acquire the PIX business unit from X2X. PIX specializes in production management solutions designed to facilitate secure reviews and collaborative content sharing between creative teams and executive stakeholders throughout the entire media and entertainment production cycle.
In its recent 2023 State of Design and Make report, Autodesk highlighted operational efficiency and value creation as critical drivers for businesses in the media and entertainment sector. Following the anticipated closure of the transaction, the integration of PIX aims to significantly enhance these areas by promoting extensive collaboration and communication while streamlining workflows to reduce costs and save time for clients. This move aligns with Autodesk's strategic vision to connect pre-and post-production data via Flow, its dedicated M&E cloud service integrated into the broader Design and Make platform.
While the proposed deal remains subject to regulatory approvals, financial details have yet to be disclosed. As standalone entities until the merger completes, both Autodesk and PIX will continue operating independently pending fulfillment of necessary closing conditions. Anticipated completion is projected for early FY2025.
It is important to note that discussions surrounding this acquisition are still preliminary, contingent upon successful integration and regulatory clearance. Actual outcomes may vary due to unforeseen challenges or changes in market conditions. Potential risks include difficulties integrating operations, unexpected expenses, shifts in consumer preferences, and delays caused by regulatory hurdles.
Autodesk stands committed to advancing innovation across diverse sectors, leveraging advanced technologies to empower professionals globally. With headquarters in San Rafael, California, Autodesk continues to lead the way in digital transformation within architecture, engineering, manufacturing, and beyond. For further inquiries about this announcement, please refer directly to official channels provided by Autodesk.
This press release contains forward-looking statements based on current expectations and assumptions regarding future events. These projections involve inherent uncertainties and are subject to change without notice. Prospective buyers are encouraged to conduct thorough research before making investment decisions based on such predictions.
SOURCE: Autodesk, Inc.
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