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SAN FRANCISCO, Feb 5, 2024 /PRNewswire/ — Autodesk, Inc. (NASDAQ: ADSK) has announced a strategic move to acquire the PIX business from X2X. This acquisition marks a significant step forward in enhancing collaboration and streamlining workflows for media and entertainment professionals. PIX is a powerful production management tool that enables secure review and content collaboration between creatives and executives throughout the entire production lifecycle.
The decision comes as part of Autodesk’s ongoing efforts to support its customers in achieving greater operational efficiency and value creation. According to Autodesk’s 2023 State of Design and Make report, these two factors are among the top priorities for companies in the media and entertainment sector. With the PIX acquisition, Autodesk aims to strengthen its offerings by improving communication across teams and boosting productivity, ultimately helping clients save both time and resources.
This transaction is expected to enhance Autodesk’s vision of integrating pre- and post-production data seamlessly through Flow, the Media & Entertainment cloud solution built on Autodesk’s Design and Make platform. By combining PIX’s capabilities with Autodesk’s existing tools, the company is positioning itself to offer more comprehensive and connected workflows for its users.
While the deal is still pending regulatory approval, Autodesk remains committed to ensuring a smooth integration process. The acquisition is currently anticipated to close early in fiscal year 2025, subject to meeting all necessary conditions.
It's important to note that this announcement includes forward-looking statements about future developments and product initiatives. These statements reflect current expectations but are not guarantees of future outcomes. Actual results could differ due to various factors, including integration challenges, market competition, and other uncertainties.
Autodesk continues to innovate and expand its ecosystem to empower creators, engineers, and builders around the world. Through its Design and Make Platform, the company helps turn ideas into reality, driving progress in industries ranging from architecture and engineering to film and gaming.
For more information about Autodesk and its solutions, visit [autodesk.com](http://www.autodesk.com) or follow @autodesk on social media. #MakeAnything
SOURCE: Autodesk, Inc.