SAN RAFAEL, Calif.,
July 9, 2018 /PRNewswire/
-- Autodesk, Inc. (NASDAQ: ADSK) announced the acquisition of
Salem, Massachusetts-based
Assemble Systems, Inc. Assemble Systems provides a SaaS solution
that enables construction professionals to condition, query and
connect BIM data to key workflows across bid management,
estimating, scheduling, site management and finance. Over time,
Assemble Systems' solution will be integrated with Autodesk's new
BIM 360 project management platform.
"I welcome the Assemble Systems team to the Autodesk family, as
part of our efforts to digitize and improve the construction
industry," said Andrew Anagnost,
president and CEO of Autodesk. "We are connecting project data from
design through construction, creating the cloud-enabled tools
necessary to make the critical preconstruction phase of a project
more predictable and profitable."
Automation in preconstruction sets the tone for the entire
construction project to follow, using the building information
model (BIM) to drive better visibility, productivity and
collaboration.
BIM 360 is a cross-industry, open platform permitting project
teams to collaborate on coordinated, shared designs from design
through construction – regardless of location, role, or stage of
the project.
"Autodesk is an AEC technology leader and was the majority
investor in our Series A funding last year. We partnered closely
with Autodesk to make the greatest impact on the construction
industry. We're excited about joining Autodesk and continuing to
make BIM data more useful across construction project workflows,"
said Don Henrich, CEO of Assemble
Systems.
Assemble Systems' products are used by 174 unique customers, in
nearly 1,000 sites and offices working on 12,700 projects,
including one-fourth of the ENR 400 customer list.
For more information, please see our fact sheet and frequently
asked questions.
Business Outlook and Terms
This transaction is expected to have no impact on Autodesk's
guidance issued on May 24, 2018.
Specific terms of the transaction were not disclosed; however,
Autodesk used a combination of cash and stock to finance the
transaction. Autodesk has committed to offsetting the shares
issued for this transaction within the current quarter through its
ongoing stock repurchase program.
Safe Harbor Statement
This press release contains forward-looking statements that
involve risks and uncertainties, including statements regarding:
the impact of the acquisition on Autodesk's guidance issued on
May 24, 2018, our business
performance, and product and services offerings; the impact of the
transaction on Autodesk's and Assemble Systems' products and
services capabilities, customers, and partners; and Autodesk's
plans to digitize and improve the construction industry. Factors
that could cause actual results to differ materially include the
following: Autodesk's ability to successfully integrate Assemble
Systems' business; costs related to the acquisition; whether the
construction industry grows as anticipated; the competitive
environment in the construction industry and competitive responses
to the acquisition; Autodesk and Assemble Systems' success
developing new products or modifying existing products and the
degree to which these gain market acceptance; general market and
business conditions; and unanticipated impact of accounting for
acquisitions.
Further information on potential factors that could affect the
financial results of Autodesk are included in Autodesk's Annual
Report on Form 10-K for the fiscal year ended January 31, 2018 and Quarterly Report on Form
10-Q for the fiscal quarter ended April 30,
2018, which are on file with the U.S. Securities and
Exchange Commission. 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 Assemble Systems
Assemble Systems provides a SaaS platform that consumes BIM
models, drawings, and point clouds, enabling construction
professionals to condition, query, and connect the data to key
workflows. These include bid management, estimating, project
management, scheduling, site management and finance. To learn
more about Assemble Systems, visit www.assemblesystems.com.
About Autodesk
Autodesk makes software for people who make things. If you've
ever driven a high-performance car, admired a towering skyscraper,
used a smartphone, or watched a great film, chances are you've
experienced what millions of Autodesk customers are doing with our
software. Autodesk gives you the power to make anything.
Autodesk and BIM 360 are registered trademark of Autodesk,
Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand
names, product names or trademarks belong to their respective
holders. 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.
© 2018 Autodesk, Inc. All rights reserved.
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SOURCE Autodesk, Inc.