autodesk plangrid acquisition

Autodesk reserves the right to alter product and services offerings, and specifications and pricing at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document. PlanGrid software lets general contractors, subcontractors and owners in commercial, heavy civil and other industries benefit from real-time access to project plans, punch lists, project tasks, progress photos, daily field reports, submittals and more. She likes to joke that she went from working for one superintendent to hundreds of thousands through PlanGrid. Andrew and Tracy explain how the acquisition benefits customers and how the two companies plan to integrate, then discuss their shared vision for the future of construction productivity. Prior to founding PlanGrid, Young helped build several hospitals as a construction engineer. Using BIM 360 has made our project planning better; we're able to reliably plan, forecast and measure project tasks that support lean construction practices and reduce waste. Learn more at www.plangrid.com. Autodesk announced that it has purchased PlanGrid, the San Francisco startup that made the iPad the preferred method of viewing construction drawings, for $875 million. The following is a press release from Autodesk announcing plans to acquire San Francisco–based construction software company PlanGrid.. Autodesk has signed a definitive agreement to acquire PlanGrid, a leading provider of construction productivity software, for $875 million net of cash. About AutodeskAutodesk makes software for people who make things. That's why we chose BIM 360 and PlanGrid to help us digitize every step of the construction process to accelerate project delivery, reduce risk and increase productivity. And we remain committed to interoperability with other critical construction technology. This acquisition will enable Autodesk to offer a more comprehensive, cloud-based construction platform. Autodesk and PlanGrid have developed complementary construction integration ecosystems to which customers can connect other software applications. This includes enhancements to the features and products our field collaboration software users love to use... We’re honored to begin a new decade with an amazing base of passionate and innovative customers. For fiscal year 2020, Autodesk expects PlanGrid to contribute approximately $100 million in ARR and be slightly dilutive to profitability and cash flow. And, we're using PlanGrid to help everyone in the field build off the most current data set. For more information, see the PlanGrid FAQ and video. PlanGrid remains deeply committed to investing in our platform to help builders build better, a commitment and vision that Autodesk shares. © 2018 Autodesk, Inc. All rights reserved. 20 DEC 2018. Headquartered in San Francisco and founded in 2011, PlanGrid raised funding from YCombinator, Sequoia Capital, Tenaya Capital and other top venture capital firms. The workflows between PlanGrid’s software, Autodesk Revit, and the Autodesk BIM 360 construction management platform will be integrated. Merger and Acquisitions: Autodesk Inc will acquire PlanGrid A: On Nov 20, 2018 Autodesk announced that it signed an agreement to acquire PlanGrid, a leading provider of construction productivity software, for $875 million net of cash. LEARN MORE. By combining our capabilities, Autodesk and PlanGrid can provide construction customers with immediate benefits and help them prepare for new and innovative ways of working, thanks to technology that improves the design, construction and operations phases.". Thus, the company expects PlanGrid to contribute slightly to revenue and be modestly negative for profitability and cashflows for the fourth quarter of fiscal 2019. ", Clayco is a design-build firm ranked in the Engineering News-Record (ENR) Top 100 known for delivering innovative building solutions for industrial and warehouse facilities, mission-critical buildings and corporate offices using advanced technologies such as Building Information Modeling (BIM). Autodesk and PlanGrid have developed complementary construction software. Autodesk announced yesterday that it signed a definitive agreement to acquire construction software company PlanGrid for $875 million net … Autodesk and PlanGrid have developed complementary construction software. "We're excited about this acquisition because it will improve the way information can be shared on projects, and that leads to greater productivity and predictability. Over time, customers of PlanGrid and other Autodesk products will see a much tighter integration between the software solutions, which will drive increased value for our customers. Autodesk Inc has closed its previously announced acquisition of San Francisco-based PlanGrid, a provider of construction productivity software. Autodesk Build is an amalgam of the features and functionality of BIM 360 and PlanGrid designed for field and project management, the company said in a statement. San Rafael, California (December 20, 2018)—Autodesk Inc. has completed the acquisition of PlanGrid, provider of construction productivity software, for $875 million net of cash.Autodesk funded the transaction using a combination of cash on hand and a short-term loan. PlanGrid users are currently building many of the world’s top construction projects. Autodesk disclaims any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. About Autodesk Autodesk makes software for people who make things. "I'm excited to welcome the PlanGrid team and their customers to the Autodesk family. Since launching Autodesk Construction Cloud™, we have been rolling out updates across our product solutions. For more information, please view this press release. View original content to download multimedia:http://www.prnewswire.com/news-releases/autodesk-completes-plangrid-acquisition-300769312.html, Press: Taylor Long, (541) 231-9695, taylor.long@autodesk.com; Investors: Abhey Lamba, (415) 547-3502, abhey.lamba@autodesk.com, http://www.prnewswire.com/news-releases/autodesk-completes-plangrid-acquisition-300769312.html. Autodesk announced plans to acquire PlanGrid for $875 million today. Thank you for being part of our journey. Watch the video below for a message from Autodesk CEO, Andrew Anagnost, and PlanGrid CEO, Tracy Young. The San Francisco startup helped move blueprints from paper to the iPad when it launched in 2011. You can view the video of our conversation below. On Dec 20, 2018 the acquisition was completed. In the immediate future, it is business as usual; you will see no change in PlanGrid’s product, service offerings or customer support. As a valued PlanGrid customer, you’re probably curious about what this means for you. About PlanGrid Autodesk’s BIM 360 construction management platform connects the people, data and workflows on construction projects by supporting informed decision-making throughout the project lifecycle. Autodesk and PlanGrid have developed complementary construction software. November 17-20 ... PlanGrid is the first construction productivity software that allows contractors and owners in commercial, heavy civil, and other industries to work and collaborate from anywhere Autodesk recently announced its intent to acquire PlanGrid, and the transaction is now complete. And we remain committed to, interoperability with other critical construction, 5 New PlanGrid Product Enhancements for RFIs, Submittals, and More, The Big 5 Dubai: Constructing a World Class Trade Show, 3 PlanGrid Product Updates to Kick Off 2020, 6 Next Level Strategies to Improve As-Builts, 10 Must-Read Building and Design Articles from January 2020. Autodesk plans to integrate workflows between PlanGrid's software and both Autodesk Revit and Autodesk BIM 360 for a seamless exchange of information between all project members. Short-Term loan across commercial, heavy civil and other industries in 90 countries their customers to iPad... Civil and other industries in 90 countries announced acquisition of San Francisco-based PlanGrid, you! Our product solutions to the Autodesk family to investing in our platform help! View the video of our conversation below PlanGrid for $ 875 million other applications. 'Re using PlanGrid to help everyone in the field build off the current! 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