Autodesk Adds To Construction Software Portfolio With Acquisition
Summary
XThe San Rafael, Calif.-based company plans to buy BuildingConnected for $275 million net of cash acquired.The acquisition will add bid management, risk analysis and other preconstruction solutions to Autodesks construction industry portfolio, the company said in a news release ."We are investing in digitizing and automating construction workflows," Autodesk Chief Executive Andrew Anagnost said in a written statement.Also Thursday, Autodesk said it completed the acquisition of PlanGrid , a leading provider of construction productivity software, for $875 million net of cash."BuildingConnected, along with Autodesk BIM 360, Revit, AutoCAD, and our acquisitions of PlanGrid and Assemble Systems, gives us a comprehensive construction offering and go-to-market capabilities," Anagnost said.