<p>Autodesk (NASDAQ: ADSK) has completed the acquisition of Qontext,enterprise social collaboration software, from India-based PramatiTechnologies. The acquisition of the Qontext technology and development teamwill accelerate Autodesk's ongoing move to the cloud and expansion of socialcapabilities in the Autodesk 360 cloud-based service. Terms of the transactionwere not disclosed.</p><p>"Autodesk's acquisition of the Qontext technology is a testament to thePramati strategy," said Vijay Pullur, Pramati president. "This transaction isa significant milestone in our ongoing efforts to incubate and build companiesthat address the rapidly changing needs of business through highly innovativetechnologies."</p><p>Autodesk intends to use the Qontext technology to add new social capabilitiesto Autodesk 360, a cloud-based platform that offers users the ability tostore, search, and view critical design data improving the way they design,visualize, simulate and share work with others at anytime and from anywhere.</p><p>"Mobile, cloud and social computing are dramatically changing the wayengineers, designers and architects work. The addition of the Qontexttechnology to the Autodesk portfolio will lead to new technology innovationsthat help our customers embrace these disruptive technologies and leveragethem for competitive advantage," said Amar Hanspal, Autodesk senior vicepresident of information modeling and platform products. "It was great to workwith the team at Pramati who have demonstrated a great capability inincubating disruptive businesses."</p><p><a href="http://www.benzinga.com/news/12/10/2967041/autodesk-acquires-qontext-social-collaboration-platform">Keep reading...</a></p><p>Read also:</p><p><a href="http://thenextweb.com/insider/2012/10/04/after-socialcam-autodesk-acquires-qontexts-social-collaboration-software-tech-and-team/">After Socialcam, Autodesk acquires Qontext's social collaboration software ...</a> (The Next Web)</p><p><a href="http://www.thehindubusinessline.com/industry-and-economy/info-tech/article3965302.ece">Autodesk buys Qontext tech from Pramati for cloud push</a> (Hindu Business Line)</p><p><a href="http://www.dmwmedia.com/news/2012/10/04/autodesk-acquires-qontext-for-autodesk-360-social">Autodesk acquires Qontext for Autodesk 360 social</a> (Digital Media Wire)</p><p>Explore: <a href="http://news.google.com/news/more?ncl=da2gLVuFnzJZNTMFYCEjJVtqASs5M&ned=us">14 additional articles.</a></p>