This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Autodesk Completes Acquisition Of

CES — Autodesk, Inc. (NASDAQ: ADSK) has completed the acquisition of technology and the development team of, a web-based app and connected community for designing and simulating electronic circuits. Autodesk partnered with the team to introduce Autodesk 123D Circuits in 2013, and through this acquisition Autodesk intends to expand its offering of technology for electronic circuit design and simulation. Terms of the transaction were not disclosed.

“The rise in affordable, programmable microprocessors like the Arduino, paired with components like sensors and input/output boards, are creating new opportunity for gadget makers and inventors. Autodesk works with a large and passionate community of electronics-focused users, with over 2000 Instructables leveraging Arduino and circuitry-based projects on,” said Samir Hanna, vice president, Autodesk Consumer Group. “We are excited to welcome the team and community to Autodesk, and look forward to developing new tools to help these users unlock their creativity.”

Autodesk released 123D Circuits in September 2013, which expanded on the existing app by adding a breadboard view, and let users run code and simulate circuits in the app. Since this time, the community has grown to more than 30,000 users. 123D Circuits users can create projects ranging from simple, blinking LED to the autopilot circuitry for flying drones. Users have the ability to share circuits with the community, and to start new projects based on a circuit created by other members of the community. In addition users can order custom circuit boards of what they’ve designed in the app to be manufactured and shipped to them. As part of this acquisition, Autodesk plans to migrate all accounts to 123D accounts, and both “Maker” and “Professional” level members will receive 123D Premium membership as part of this migration.

Business Outlook

This transaction is expected to have no impact on guidance issued on November 21, 2013.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,081.89 -49.97 -0.29%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,796.6090 -42.0340 -0.87%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs