Autodesk To Buy Socialcam For $60 Million
Software company Autodesk has agreed to buy the popular social application Socialcam for $60 million. The deal is expected to close this October, at the end of Autodesk’s third fiscal quarter for 2013.
Samir Hanna, vice president, of Autodesk Consumer Group, commented on the news: “Mobile computing, the cloud and social media are improving and changing the way people design, engineer and create projects. Video is an ideal medium for professionals and consumers alike to communicate and share their design ideas.”
Socialcam
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