Software Firm Builds Civil Line 9/2/2002

Autodesk Inc. has agreed to buy the software and related assets of CAiCE Software Corp., a Florida-based developer of surveying and engineering applications for large-scale transportation projects, for $10 million in cash.

Autodesk, San Rafael, Calif., says the software from the Tampa-based company will complement its civil engineering products as well as its Geographic Information Systems line. The goal is to give large transportation agencies a single-vendor product set to bridge the gaps between planning, design, construction and maintenance. The deal is expected to close in early September.

Autodesk also announced on Aug. 15 financial results for the second quarter ending July 31. Net revenue is $211 million, down from $231 million for the same period

A year ago. Net income is $11.7 million, down from $19.2 million a year ago. Autodesk (NASDAQ: ADSK) has slipped from a 52-week high in March of $23.69 per share to close at $13.67 on Aug. 26, rising from a recent low of $10.18.

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