Autodesk on Thursday said it has acquired SeeControl, which provides an enterprise Internet of things platform.
The move gives Autodesk a better entry into the Internet of things. SeeControl's software controls and manages remote devices and provides analytics.
Autodesk said it will sell and support the SeeControl platform and integrate the technology in its design tools for manufacturing and building industries. The aim would be to allow designers to create structures that would incorporate the Internet of things. SeeControl is a white label, cloud platform used by industrial product makers looking to integrate smart sensors and services.
Here's a look at how SeeControl provides analytics on top of its platform and manages data and devices.
Terms of the deal weren't disclosed. Autodesk said the deal will close in the quarter ending Oct. 31.
Autodesk is in the middle of several transitions. First, Autodesk is moving to a cloud subscription model over its traditional licensed software business. In addition, Autodesk is looking to integrate its design tools with new developments such as 3D printing.
For the second quarter, Autodesk reported a ne loss of $1.04 a share on revenue of $610 million, down 4 percent from a year ago. Non-GAAP earnings were 19 cents a share in the second quarter, two cents ahead of expectations.
Like other technology vendors, Autodesk struggled with currency fluctuations. Sales were down in most regions except for the Americas.