One of the underlying key driving factors to the acquisition was that five years previously Autodesk dropped out of buying mechanical CAD (MCAD) tool Solidworks (Dassault Systèmes paid $310 million) which then went on to dominate desktop MCAD as users moved from UNIX to Windows.Īutodesk’s CEO at the time, Carl Bass, didn’t want to make the same mistake again. Up to that point Autodesk had been trying to morph AutoCAD into a full-on architectural modelling tool with the unfeasibly complicated ‘Architectural Desktop’ variant. While RTC made a lot of noise, and its core parametric technology was innovative, it did not generate much revenue and, in fact, had few customers. Autodesk acquired Revit Technology Corporation (RTC) with its Revit application in 2002 for $133 million cash.
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