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**SAN RAFAEL, CA, July 9, 2018**— Autodesk, Inc. (NASDAQ: ADSK), a global leader in design and engineering software, today announced it has acquired Salem, Massachusetts-based Assemble Systems, Inc. Known for its innovative SaaS solutions, Assemble Systems empowers construction professionals to manage and leverage Building Information Modeling (BIM) data across various stages of construction projects, including bid management, estimating, scheduling, and financial tracking.
This acquisition marks a significant milestone in Autodesk's mission to revolutionize the construction industry by integrating digital tools into traditional workflows. Assemble Systems' technology will seamlessly connect with Autodesk’s BIM 360 platform, enhancing collaboration and streamlining project execution from conception to completion.
“As we continue to expand our offerings in the construction sector, the integration of Assemble Systems aligns perfectly with our vision of digitizing and optimizing the construction process,†said Andrew Anagnost, President and CEO of Autodesk. “By leveraging BIM data more effectively, we can help make the preconstruction phase more efficient and profitable, setting the foundation for successful project outcomes.â€
The collaboration between Autodesk and Assemble Systems has been growing since last year when Autodesk became a majority investor in Assemble Systems’ Series A funding round. This partnership has already demonstrated the immense potential of combining cutting-edge technology with real-world construction challenges. Don Henrich, CEO of Assemble Systems, expressed excitement about the future, stating, “Joining forces with Autodesk allows us to push the boundaries of what’s possible in construction technology. Together, we’ll create even greater value for our customers by ensuring BIM data is fully utilized across all aspects of a project.â€
Assemble Systems has established itself as a trusted partner in the industry, with over 174 unique customers across nearly 1,000 sites worldwide. Their software has played a crucial role in managing more than 12,700 projects, including a significant portion of the ENR 400 list.
While the financial details of the acquisition remain undisclosed, Autodesk utilized a combination of cash and stock to complete the deal. The company has also committed to balancing the share issuance through its ongoing stock repurchase program.
Looking ahead, Autodesk anticipates that this acquisition will align with its previously issued guidance for the fiscal year. However, there are inherent risks and uncertainties associated with mergers of this nature, including the integration of new technologies, market competition, and potential shifts in industry demand. For more detailed insights, investors are encouraged to review Autodesk’s latest reports filed with the U.S. Securities and Exchange Commission.
Assemble Systems brings a wealth of expertise in BIM data management, offering a platform that ingests models, drawings, and point clouds to empower construction professionals. Their solutions support bid management, estimating, project planning, scheduling, site operations, and financial oversight, making them indispensable in modern construction practices.
Autodesk remains steadfast in its commitment to advancing innovation and sustainability in the AEC (Architecture, Engineering, and Construction) industry. With Assemble Systems now part of the Autodesk family, the company is poised to deliver enhanced capabilities and opportunities for growth to its global network of users.
For further inquiries, please contact:
- Lauren Ginsberg, +1 (857) 248-8087, lauren@autodesk.com
- Brian Farber, +1 (917) 568-5066, brian@autodesk.com
Investor relations:
- David Gennarelli, +1 (415) 507-6033, david@autodesk.com
- William Wong, +1 (415) 513-1950, william@autodesk.com
**About Assemble Systems**
Founded in 2012, Assemble Systems specializes in providing cloud-based solutions that enable construction teams to harness the full potential of BIM data. Their platform facilitates data conditioning, querying, and integration into essential workflows such as bidding, estimating, scheduling, and financial analysis. To learn more, visit [www.assemblesystems.com](http://www.assemblesystems.com).
**About Autodesk**
Autodesk inspires designers, engineers, and creators to imagine, design, and build a better world. Whether it’s designing the next-generation smart city or crafting the perfect piece of architecture, Autodesk empowers its users to achieve their most ambitious goals. For more information, visit [www.autodesk.com](http://www.autodesk.com).
**Trademark Notice**
Autodesk, BIM 360, and other brand names are registered trademarks of Autodesk, Inc. in the United States and other countries. All other brand names, product names, or trademarks belong to their respective owners. Autodesk retains the right to modify product offerings, specifications, and pricing without prior notice.
**Copyright**
© 2018 Autodesk, Inc. All rights reserved.
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*Note: This press release reflects the views and expectations of Autodesk at the time of publication and does not guarantee future performance or outcomes.*