Autodesk, developer of design software, plans to acquire PlanGrid. This startup from San Francisco is involved in the construction sector and cloud software. It is a company that can be an interesting addition to Autodesk’s portfolio.
Founded in 2011, PlanGrid offers cloud-based project management software that is suitable for project developers in the commercial and civil industries. The acquisition of the startup is said to be worth USD 875 million.
Cloud for the construction industry
The PlanGrid software is suitable for multiple phases of construction work. Users can create a precise history of each workplace, through everyday use, creating a data-rich archive that is essential for the long term. It claims to be the first company in the world to produce this type of productivity software for the construction industry.
A useful feature of PlanGrid’s software is that it allows companies to easily share blueprints, specifications, reports and other things. This allows them to streamline construction work. According to PlanGrid itself, DPR, Granite, Nvidia, Target corp. and Tutor Perini, among others, use the software in more than one million projects.
Streamlining construction activities
There is a great opportunity for us to streamline all aspects of construction work through digitisation and automation, says Andrew Anagnost, CEO of AutoDesk in a statement. The acquisition of PlanGrid will help us in our efforts to improve the construction workflow for each stakeholder in the construction process.
AutoDesk produces 3D design software, including AutoCAD, which is one of the world’s most widely used architectural design programs. AutoDesk plans to integrate PlanGrid’s software with its design software, to which machine learning and artificial intelligence have already been added.
If the takeover has been approved by the necessary authorities, the deal could be concluded by 31 January 2019.This news article was automatically translated from Dutch to give Techzine.eu a head start. All news articles after September 1, 2019 are written in native English and NOT translated. All our background stories are written in native English as well. For more information read our launch article.