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Autodesk Invests in Web Start-UpSan Rafael, California, February 17, 2000—Autodesk® Ventures, the investment and business development arm of Autodesk, Inc., today announced an equity investment in the Internet start-up CapacityWeb.com, based in Chicago. CapacityWeb.com is developing an Internet-enabled marketplace to create frictionless buying and selling of manufacturing capabilities. Autodesk will hold a seat on the board of CapacityWeb.com and own roughly a 9 percent stake in the company."CapacityWeb.com is developing a very interesting Internet model to remove the inefficiencies associated with the manufacturing community like cyclical market demands or idle machinery, making them a great partner for Autodesk," said Dominic Gallello, Autodesk executive vice president of the Design Solutions division. CapacityWeb.com is creating a scalable trading platform to insulate members from the boom and bust cycles that plague the manufacturing industries. With the fixed capacity and fixed costs that custom manufacturers must manage, CapacityWeb.com members will be able to match orders between manufacturing businesses to gain efficiencies in time and costs. Members can trade orders among a very focused, prescreened, and secure online community. Mohan Sawhney, Tribune Professor of e-Commerce and Technology at Northwestern University and noted authority on electronic market models, commented, "I have studied inefficiencies in all sorts of industries, and CapacityWeb.com addresses the needs of the manufacturing industry in a very innovative way. This is a good investment for Autodesk." "Autodesk is the perfect partner for CapacityWeb.com," said Arvind Kapur, cofounder and CEO of CapacityWeb.com. "We offer a state-of-the art Internet solution for the manufacturing industry, enabling that community to reap the rewards of the Internet economy, and feel Autodesk, with its large customer base of mechanical designers, is a strategic investor and great partner for us." Autodesk's ongoing mission is to extend the company's position for the world of designers and digital content creators to establish new Internet-based growth opportunities. Autodesk Ventures incubates, acquires, and invests in new Internet businesses that are strategic to Autodesk. About Autodesk Autodesk is the world's leading supplier of PC and Web design software and digital content creation tools. One of the largest software companies in the world, Autodesk has more than four million customers in over 150 countries. For more information, contact any Authorized Autodesk Reseller, call Autodesk at 800-964-6432, or visit the About Autodesk section of this website. Discreet™ product information is available at 800-869-3504 or via the Web at www.discreet.com. Autodesk shares are traded on the Nasdaq national market under the symbol ADSK. www.autodesk.com.com
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