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Autodesk (ADSK +3.2%) has bought some of the assets of Inforbix, a developer of cloud-based...

Autodesk (ADSK +3.2%) has bought some of the assets of Inforbix, a developer of cloud-based product lifecycle management (PLM) software. Autodesk, which competes with PMTC and DASTY in the PLM space, plans to integrate Inforbix's technology within its cloud-based PLM360 suite, and has named Inforbix co-founder Oleg Shilovitsky its Senior Director of PLM and Data Management. Autodesk was crushed last week due to a poor FQ2 report (I, II, III).
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