Autodesk Acquires Assemble Systems to Strengthen Building Project Lifecycle; Continues Autodesk's Investment in Construction Tech

SAN RAFAEL, Calif. — On July 9, 2018, Autodesk, Inc. (NASDAQ: ADSK) made a significant move in the construction technology space by acquiring Assemble Systems, a Boston-based company known for its innovative SaaS platform. This acquisition is expected to enhance Autodesk's BIM 360 project management solution, allowing construction professionals to better manage and leverage BIM data across critical workflows like estimating, scheduling, and site management. Andrew Anagnost, President and CEO of Autodesk, expressed his enthusiasm about the new partnership. "We are thrilled to welcome the Assemble Systems team into the Autodesk family," he said. "This acquisition is part of our broader mission to digitize the construction industry and make the preconstruction phase more efficient and profitable." Assemble Systems’ platform helps construction teams extract, organize, and use BIM data effectively. By integrating this technology with BIM 360, Autodesk aims to create a more connected and data-driven construction process. The company’s tools are already being used by over 174 customers across nearly 1,000 locations, managing more than 12,700 projects — including a quarter of the ENR 400 companies. Don Henrich, CEO of Assemble Systems, shared his excitement about the collaboration. "Autodesk has been a strong partner and investor in our journey," he said. "Joining forces with them will allow us to scale our impact and continue improving how BIM data is used throughout the construction lifecycle." The acquisition was financed through a mix of cash and stock, and Autodesk plans to offset the share issuance through its ongoing stock repurchase program. The deal is not expected to affect the company's financial guidance issued earlier in 2018. Looking ahead, Autodesk remains committed to transforming the construction industry through digital innovation. The integration of Assemble Systems’ capabilities is seen as a key step in that direction. For more details, you can check out the official fact sheet and FAQs provided by Autodesk. About Assemble Systems: Assemble Systems offers a cloud-based platform that transforms BIM models, drawings, and point clouds into actionable data. It supports workflows such as bid management, estimating, scheduling, and finance, helping construction professionals improve efficiency and decision-making. About Autodesk: Autodesk develops software that empowers creators and innovators across industries. From architecture and engineering to manufacturing and entertainment, Autodesk's tools help people bring their ideas to life. © 2018 Autodesk, Inc. All rights reserved. SOURCE: Autodesk, Inc.

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