Autodesk Buys Socialcam: What’s Wrong With This Picture?
Filed under: Technology, Stock Picks, Stocks in the News
In a surprising move on Tuesday, Autodesk (ADSK) revealed that it will pay roughly $60 million to buy social video-sharing specialist Socialcam.
Autodesk is the leading provider of design software for architects and engineers. Why snap up the maker of a controversial app that seems to have little to do with the company’s core competencies?
“Mobile computing, the cloud and social media are improving and changing the way people design, engineer and create projects,” an Autodesk executive…
Autodesk Buys Socialcam: What’s Wrong With This Picture? originally appeared on DailyFinance.com on 2012-07-18T15:00:00Z.
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