Nasdaq-listed Autodesk Inc has acquired Qontext, an enterprise social collaboration software, and its 25-member development team from Hyderabad-based Pramati Technologies for an undisclosed amount.
The $1.95-billion Autodesk is a leader in professional and personal 3D design, engineering and entertainment software.
The acquisition is expected to accelerate its ongoing move to the cloud and expansion of social capabilities in the Autodesk 360 cloud-based service. The Qontext team will operate from Hyderabad, a new development centre for Autodesk.
“This transaction is a significant milestone in our ongoing efforts to incubate and build companies that address the rapidly changing needs of business,” Pramati president, Vijay Pullur, said.
Autodesk director, Soren Abildgaard, said the team in Hyderabad was expected to grow significantly over a period of time.
