Autodesk had announced earlier it was getting out of the location-based services business. Today, its LBS division is sold to Hale Capital Partners.
Hale renames the division LocationLogic, but Autodesk keeps a toehold, because it is one of several minority investors. (Dunno who the others are.) The division has offices in Bangalore, Calgary, Kansas City, and San Rafael.
Autodesk is happy to rid itself of LBS, because the move allows...
...Autodesk to focus its energies on its main line of business, which is creating software for the world's design professionals.
If this statement means "software yes, services no," then what of Buzzsaw?