Deals
Autodesk to Buy Socialcam to Boost Consumer Business
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Autodesk Inc., a maker of architectural, engineering and entertainment software, will buy the social-video service Socialcam Inc. for about $60 million to expand in consumer markets.
Socialcam offers a smartphone application and Web-based service that lets users capture, edit and share videos. The application, available at Apple Inc.’s App Store and Google Inc.’s Play Store, has been downloaded more than 16 million times since it was introduced in 2011, Autodesk said today in a statement.