BuildingConnected

BuildingConnected develops the platform for search of builders and management of tenders in the field of construction. The service to which about 700 thousand professionals in the field of construction are connected (for the end of 2018), recommends for the specific project of contractors on the basis of data on their qualification. Thanks to it customers can effectively select applicants and make more reasoned decisions at order placement.

History

2018: Autodesk purchased BuildingConnected for $275 million

On December 20, 2018 Autodesk announced acquisition of BuildingConnected for $275 million. The buyer will transfer all this amount from own means, without attracting the actions to the transaction.

As reported in the press release, absorbing BuildingConnected, the Autodesk company will be able to expand a product portfolio and to create the digital platform for sales of construction goods and services.

The CEO of Autodesk Andrew Anagnost, commenting on BuildingConnected purchase, noted that Autodesk aims to integrate all processes of construction including connected with design, construction of buildings and their service.

Audodesk purchased the platform for search of builders and management of tenders of BuildingConnected

We invest in digitalization and automation of construction transactions. BuildingConnected along with Autodesk BIM 360 Revit, AutoCAD and also the companies purchased by us PlanGrid also Assemble Systems give us the complete construction solution and opportunities for entry into the market" — he noted, having added that the transaction turns construction into "business, new to Autodesk, for one billion dollars".

Autodesk receives the software package for preparation for construction works covering risk analysis and managements of competitive offers.

It is going execute all formalities concerning sale of BuildingConnected of Autodesk company until the end of January, 2019.^[1]

Notes