According to technology blog TechCrunch, recently, Socialcam, a new startup, announced that they had completed the acquisition of CAD software provider Autodesk, and the final purchase price was 60 million dollars.Socialcam is focused on developing an efficient video sharing platform.
For the reasons for the acquisition, Socialcam CEO Mike Seibel (Mike Seibel) said that the purchase will eventually provide more freedom and flexibility for Socialcam, so as to meet users' needs.After the completion of the acquisition, Socialcam will maintain independent work and operation outside the Autodesk's consumer product department.