Autodesk Location Services spin off completed

New business to be called LocationLogic

Autodesk Location Services spin off completed
Hale capital Partners and Autodesk announced this week completion of the transaction to transfer Autodesk's Location Services business unit to LocationLogic, a new entity owned and operated by Hale Capital Partners, with Autodesk and other minority investors. Further terms of the transaction were not disclosed.

Martin Hale, CEO of Hale Capital Partners, commented, "We're excited to have the opportunity to leverage the history of this group, serve our wireless carrier customers with innovative products, and bring resources to support our talented team in building, deploying and supporting leading LBS applications in the marketplace."

LocationLogic currently has operations in San Rafael, California; Kansas City, Kansas; Calgary, Alberta; and Bangalore, India.

Thursday, March 12th 2009

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