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**SAN RAFAEL, CA, July 9, 2018**—Today, Autodesk, Inc. (NASDAQ: ADSK), a global leader in design and engineering software, announced its acquisition of Assemble Systems, a Massachusetts-based company specializing in construction technology solutions. Assemble Systems offers a Software-as-a-Service (SaaS) platform designed to help construction professionals harness Building Information Modeling (BIM) data, making it easier to manage bids, estimates, schedules, site operations, and financials. In the coming months, Assemble Systems' tools will be fully integrated into Autodesk's BIM 360 platform, further enhancing its capabilities for managing construction projects.
This move marks another step forward in Autodesk's mission to digitize and modernize the construction industry. By integrating Assemble Systems' expertise in data processing and workflow automation with BIM 360's collaborative tools, Autodesk aims to streamline processes and create greater efficiency across the entire lifecycle of construction projects.
"We're thrilled to welcome the talented team at Assemble Systems into the Autodesk family," said Andrew Anagnost, President and CEO of Autodesk. "Their innovative approach to leveraging BIM data aligns perfectly with our vision of improving predictability and profitability throughout the construction process. This acquisition will enable us to deliver even more powerful solutions to our customers."
Assemble Systems has already established itself as a key player in the construction tech space, with over 174 unique clients utilizing their platform across nearly 1,000 sites and offices worldwide. Their tools have been applied to approximately 12,700 projects globally, including a significant portion of the ENR 400's top contractors.
Don Henrich, CEO of Assemble Systems, expressed his excitement about joining forces with Autodesk. "Autodesk has long been a leader in AEC technology, and we're proud to partner with them to enhance how BIM data is utilized across the industry. Together, we can drive innovation and create deeper value for construction professionals everywhere."
While specific financial details of the deal were not disclosed, Autodesk confirmed that it utilized a mix of cash and stock to complete the acquisition. The company also stated its intention to offset the newly issued shares through its ongoing stock repurchase program within the current quarter.
Looking ahead, both companies remain optimistic about the future of construction technology. However, investors should note that there are inherent risks associated with mergers and acquisitions, including challenges in integration, market competition, and unforeseen operational hurdles. For more detailed insights into these considerations, interested parties are encouraged to review Autodesk's recent filings with the SEC.
Assemble Systems' platform continues to evolve rapidly, empowering users to extract actionable insights from complex datasets while fostering collaboration among project stakeholders. To explore more about how Assemble Systems is shaping the future of construction, visit [www.assemblesystems.com](http://www.assemblesystems.com).
Autodesk, known for its groundbreaking contributions to industries ranging from architecture to entertainment, remains committed to pushing boundaries in digital design and engineering. Whether you're designing the next architectural marvel or managing intricate construction logistics, Autodesk's suite of tools ensures that creativity meets functionality every step of the way.
For media inquiries, contact Lauren Ginsberg at (857) 248-8087 or [lauren@autodesk.com](mailto:lauren@autodesk.com). For investor relations, reach out to David Gennarelli at (415) 507-6033 or [david@autodesk.com](mailto:david@autodesk.com), or Will Wong at (415) 513-1950 or [william@autodesk.com](mailto:william@autodesk.com).
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*Note: The opinions expressed here are based on publicly available information and do not constitute investment advice. Always consult with a qualified professional before making financial decisions.*
*© 2018 Autodesk, Inc. All rights reserved.*