Autodesk has completed the acquisition of Qontext, an enterprise social collaboration software, from India-based Pramati Technologies. According to the company, the acquisition of the Qontext technology and development team will accelerate Autodesk's ongoing move to the cloud and expansion of social capabilities in the Autodesk 360 cloud-based service. Terms of the transaction were not disclosed.
"Autodesk's acquisition of the Qontext technology is a testament to the Pramati strategy," said Vijay Pullur, Pramati president. "This transaction is a significant milestone in our ongoing efforts to incubate and build companies that address the rapidly changing needs of business through highly innovative technologies."
Autodesk intends to use the Qontext technology to add new social capabilities to Autodesk 360, a cloud-based platform that offers users the ability to store, search, and view design data.
"Mobile, cloud and social computing are dramatically changing the way engineers, designers and architects work. The addition of the Qontext technology to the Autodesk portfolio will lead to new technology innovations that help our customers embrace these disruptive technologies and leverage them for competitive advantage," said Amar Hanspal, Autodesk senior vice president of information modeling and platform products.
For more information, visit Autodesk and Pramati.
Sources: Press materials received from the company and additional information gleaned from the company's website.