Public Company Information:
NASDAQ:
ADSK
SAN RAFAEL, Calif.—(BUSINESS WIRE)—Autodesk, Inc. (Nasdaq: ADSK) and ZWSoft—comprising ZWCAD Software Co., Ltd., ZWCAD Design Co., Ltd., HK ZWCAD Software Ltd., and GLOBAL FORCE DIRECT, LLC (doing business as ZWCADUSA)—have reached a settlement to resolve ongoing legal disputes in The Hague and the U.S. District Court for the Northern District of California. AutoCAD, one of the most widely used design software tools globally, is Autodesk’s flagship product.
In February 2014, Autodesk filed a lawsuit in The Hague, Netherlands (Case No. C/09/460412 / KG ZA 14-178), and another in the U.S. District Court for the Northern District of California on March 26, 2014 (Case No. 14-cv-1409-EJD). The company alleged that ZWSoft had improperly used AutoCAD's intellectual property when developing its ZWCAD+ software. Initially, ZWSoft denied these claims, but later discovered that an employee had indeed misused Autodesk's source code during the development of ZWCAD+.
Following this revelation, ZWSoft’s CEO, Truman Du, publicly admitted the mistake and committed to ceasing all sales, licensing, or distribution of ZWCAD+ in every market immediately. Both parties have now signed a binding settlement agreement, with a confidential payment made to Autodesk as part of the resolution.
About Autodesk
Autodesk empowers individuals and organizations to imagine, design, and create a better world. From architects and engineers to digital artists, students, and hobbyists, people around the globe use Autodesk software to unlock their creativity and tackle real-world challenges. To learn more, visit autodesk.com or follow @autodesk on social media.
Autodesk and the Autodesk logo are registered trademarks or trademarks of Autodesk, Inc., and/or its subsidiaries and affiliates in the United States and/or other countries. All other brand names, product names, or trademarks belong to their respective owners. Autodesk reserves the right to change product offerings, specifications, and pricing at any time without notice. Autodesk is not responsible for typographical or graphical errors that may appear in this document.
© 2015 Autodesk, Inc. All rights reserved.
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Contact:
Autodesk
Noah Cole, +1 415-580-3535
noah.cole@autodesk.com
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