Innovyze

The American company Innovyze specializes in the development of software for the analysis of data on water infrastructure, it was founded in 1996. Vendor develops artificial intelligence and machine learning (Emagin) solutions designed to predict and optimize water supply operations and processes for utilities, food and beverage enterprises, as well as industrial facilities. Innovyze employs about 240 employees (February 2021).

History

2021: Autodesk bought Innovyze for $1 billion

At the end of February 2021, Autodesk announced the purchase of Innovyze, a water infrastructure software provider, for $1 billion.

Autodesk said that the deal with Innovyze "positions the company as a technological leader in the field of integrated solutions for water infrastructure from design to operation... and provides a clear path to the development of a more sustainable and digitized water industry. "

Autodesk noted that Innovyze sells software "that allows you to create more cost-effective and rationally designed water distribution networks, water collection systems, water treatment plants and wastewater treatment systems, as well as flood protection systems." According to Innovyze's own data, it has about 6,500 customers in 60 largest cities in the world.

Autodesk acquired Innovyze for $1 billion

We can achieve environmental sustainability for the planet, but we will not be able to achieve this without responsible management of water use and conservation of resources for the future, "said Autodesk CEO Andrew Anagnost. - Approximately $1.9 trillion will be needed to meet the needs of global water infrastructure by 2030, and by fundamentally changing the way systems are designed, built and operated, we will be able to successfully meet the task and create the best world we can imagine.

The cash-funded transaction is expected to close in the first quarter of Autodesk's 2021 fiscal year, which ends in April.^[1]

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