Introducing Autodesk Construction Cloud. 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. Autodesk Completes PlanGrid Acquisition: Autodesk, Inc. (NASDAQ: ADSK) has completed the acquisition of PlanGrid, a leading provider of construction productivity software, for $875 million net of cash. This acquisition brings two complementary offerings under one roof, so I'm excited to see how Autodesk and PlanGrid will work together to encourage collaboration between the project team and owners from the time a building is conceived, all the way through to handover.". Autodesk announced yesterday that it signed a definitive agreement to acquire construction software company PlanGrid for $875 million net … DPR Construction is a commercial general contractor specializing in highly complex and sustainable projects. PlanGrid is used on more than one million projects across commercial, heavy civil and other industries in 90 countries. As a valued PlanGrid customer, you’re probably curious about what this means for you. PlanGrid Acquisition The company also completed the acquisition of PlanGrid, a provider of construction productivity software, for $875 million net of cash. Pype marks Autodesk's fourth construction-based acquisition in recent years, joining the acquisitions of Assemble in July 2018, PlanGrid in December 2018 and BuildingConnected in … Inclusive of the transaction, the company is maintaining its free cash flow goal for fiscal 2020. 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. Video - Autodesk Completes PlanGrid Acquisition. Learn more at www.plangrid.com. Bob Clark, Clayco founder and CEO, said, "When a construction site relies on paper-based processes, they risk having outdated documents that could result in delays. This acquisition will enable Autodesk to offer a more comprehensive, cloud-based construction platform. "I'm excited to welcome the PlanGrid team and their customers to the Autodesk family. Experience the power of connected construction today. Young founded PlanGrid with Ralph Gootee, Ryan Sutton-Gee, Antoine Hersen, and Kenny Stone in the fall of 2011. Autodesk recently announced its intent to acquire PlanGrid, and the transaction is now complete. On Dec 20, 2018 the acquisition was completed. Autodesk gives you the power to make anything. Watch the video below for a message from Autodesk CEO, Andrew Anagnost, and PlanGrid CEO, Tracy Young. Autodesk, Inc. based in San Rafael says it has signed a definitive agreement to acquire PlanGrid, a provider of construction productivity software, for $875 million net of cash.“This acquisition will enable Autodesk to offer a more comprehensive, cloud-based construction platform,” the company says in a statement. There are currently no plans to increase PlanGrid’s price or change the way PlanGrid is sold. 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. 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 Reports on Form 10-Q for the fiscal quarters ended April 30, 2018, July 31, 2018, and October 31, 2018, which are on file with the U.S. Securities and Exchange Commission. This event is an important milestone, as it accelerates PlanGrid and Autodesk’s joint vision of helping close the construction labor productivity gap with technology. 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.". For more information, visit Autodesk. Autodesk Inc has closed its previously announced acquisition of San Francisco-based PlanGrid, a provider of construction productivity software. About AutodeskAutodesk makes software for people who make things. Today, I’m proud to announce and share with you that Autodesk will be acquiring PlanGrid. With PlanGrid, any construction team member can manage and update blueprints, specs, photos, RFIs, field reports, punch lists and other information from any device. Carry that back a few more years or decades... 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. SAN RAFAEL, Calif., Nov. 20, 2018 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) has signed a definitive agreement to acquire PlanGrid, a leading provider of construction productivity software, for $875 million net of cash. 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. Autodesk, BIM 360 and Revit are registered trademark of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. PlanGrid is a mobile-first, field collaboration software, which gives contractors, owners, and architects unprecedented access to information in real-time, facilitates effective collaboration, and provides actionable insights that improve predictability on the jobsite. 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. 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 remain committed to interoperability with other critical construction technology. PlanGrid. Autodesk. ", 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). PlanGrid remains deeply committed to investing in our platform to help builders build better, a commitment and vision that Autodesk shares. We cannot wait to invent and build more powerful tools for you and your project teams so you can focus on your real work — building. 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. 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. 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. As the acquisition closed on December 19, 2018, only a partial quarter of PlanGrid's financial results will be reflected in Autodesk's fourth quarter of fiscal 2019, ending January 31, 2019. 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. The company's mobile-first technology gives general contractors, subcontractors, owners and architects access to information in real-time, enables field collaboration and provides actionable insights. 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. The price of the transaction was $875 million. And, we're using PlanGrid to help everyone in the field build off the most current data set. Autodesk’s Construction General Manager Jim Lynch said that this acquisition allows the company to do more for general contractors and the company has new growth opportunities with subcontractors and owners. 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. Tracy Young is the co-founder and CEO at PlanGrid, the leader in construction productivity software, where she oversees the corporate direction and strategy of the company, focusing on leadership, innovation, and customers. 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. SAN RAFAEL, Calif., Dec. 20, 2018 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) has completed the acquisition of PlanGrid, a leading provider of construction productivity software, for $875 million net of cash. Visit us at www.plangrid.com. Merger and Acquisitions: Autodesk Inc will acquire PlanGrid 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 November 20, 2018 and business performance; the impact of the transaction on Autodesk's and PlanGrid's products and services capabilities, customers, and partners; and Autodesk's plans to improve construction workflows. Thank you for being part of our journey. Headquartered in San Francisco and founded in 2011, PlanGrid was acquired by Autodesk in 2018. On behalf of everyone at PlanGrid, thank you for your support, trust and business. Autodesk and PlanGrid have developed complementary construction integration ecosystems to which customers can connect other software applications. 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. © 2018 Autodesk, Inc. All rights reserved. Factors that could cause actual results to differ materially include the following: Autodesk's ability to successfully integrate PlanGrid's 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 PlanGrid's 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. As always, please do not hesitate to reach out to us with any questions you may have over the coming weeks. "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. Autodesk CEO Andrew Anagnost and I recently sat down to talk about our combined future. Autodesk announced plans to acquire PlanGrid for $875 million today. About Autodesk Autodesk makes software for people who make things. Prior to founding PlanGrid, Young helped build several hospitals as a construction engineer. The acquisition is expected to expand the integration partner ecosystem, giving customers a customizable platform to test and scale new ways of working. 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. PlanGrid will enable Autodesk to offer a more comprehensive suite of cloud-based construction products that connects the office, trailer and jobsite. While our software is just... How to Create Superior As-Builts and Wow Clients Most of us can barely remember what we had for breakfast on Tuesday, let alone what we did on a work project back in 2014. PlanGrid builds simple, powerful software construction teams love to use. 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. The workflows between PlanGrid’s software, Autodesk Revit, and the Autodesk BIM 360 construction management platform will be integrated. You can view the video of our conversation below. The San Francisco startup helped move blueprints from paper to the iPad when it launched in 2011. Beyond Point Solutions: A Unified Data Platform Today, Autodesk also announced its intent to acquire BuildingConnected. 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. Since launching Autodesk Construction Cloud™, we have been rolling out updates across our product solutions. For more information, please view this press release. 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 Completes PlanGrid Acquisition to Accelerate Construction Productivity Autodesk and PlanGrid have developed complementary construction software. There are currently no plans to increase PlanGrid’s price or change the way PlanGrid is sold. "PlanGrid has excelled at building a product portfolio and go-to-market engine for satisfying the needs of how project teams use critical project documentation to streamline everyday construction tasks," said Andrew Anagnost, Autodesk CEO. We couldn’t have gotten here without you. Young holds a Bachelor of Science degree in Construction Engineering Management from California State University-Sacramento. All other brand names, product names or trademarks belong to their respective holders. This event is an important milestone, as it accelerates PlanGrid and Autodesk’s joint vision of helping close the construction labor productivity gap with technology. For more information, see the PlanGrid FAQ and video. 20 DEC 2018. Autodesk and PlanGrid have developed complementary construction software. About PlanGrid Autodesk funded the transaction using a combination of cash on hand and a short-term loan. The PlanGrid acquisition is the largest ever by Autodesk, emphasizing just how important the mission of digitizing construction is to Autodesk as an organization. PlanGrid users are currently building many of the world’s top construction projects. Autodesk funded the transaction using a combination of cash on hand and a short-term loan. "One of the biggest challenges in the construction industry is data flow – how you get the most current and accurate information to the right people, at the right time," said Atul Khanzode, chief technology officer, DPR Construction. Autodesk funded the transaction using a combination of cash on hand and a short-term loan. 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. Join our FREE global digital conference . SAN RAFAEL, Calif., Dec. 20, 2018 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) has completed the acquisition of PlanGrid, a leading provider of construction productivity software, for $875 million net of cash. Pype marks Autodesk's fourth construction-based acquisition in recent years, joining the acquisitions of Assemble in July 2018, PlanGrid in December 2018 and BuildingConnected in January 2019. 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. LEARN MORE. Autodesk and PlanGrid have developed complementary construction software. Autodesk and PlanGrid have developed complementary construction software. She likes to joke that she went from working for one superintendent to hundreds of thousands through PlanGrid. Autodesk and PlanGrid have developed complementary construction software. Autodesk and PlanGrid have developed complementary construction software. 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. 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. PlanGrid started in 2011 with a simple mission: to make construction paperless. Our mission has always been to build simple, beautiful … Headquartered in San Francisco and founded in 2011, PlanGrid raised funding from YCombinator, Sequoia Capital, Tenaya Capital and other top venture capital firms. Acquire PlanGrid, thank you for your support, trust and business construction productivity and! With a simple mission: to make construction paperless 2011, PlanGrid was by! 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