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Autodesk Completes Acquisition Of Circuits.io

CES — Autodesk, Inc. (NASDAQ: ADSK) has completed the acquisition of technology and the development team of Circuits.io, a web-based app and connected community for designing and simulating electronic circuits. Autodesk partnered with the Circuits.io 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 Instructables.com,” said Samir Hanna, vice president, Autodesk Consumer Group. “We are excited to welcome the Circuits.io 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 Circuits.io 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 Circuits.io 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.

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