February 10, 2006—Autodesk, Inc., has signed a definitive acquisition agreement with the intent to acquire Constructware, the companies have announced. Autodesk plans to acquire all of the business of Constructware and retain the vast majority of its current employees for $46 million.
Constructware, privately held and based in Alpharetta, Georgia, provides on-demand communication and collaboration solutions that streamline design, construction and facility project management.
Its products have been adopted by over 29,000 users and include Constructware ASP and Constructware for the Subcontractor.
Expected to close in March 2006, the acquisition enables Autodesk to rapidly expand its collaborative project management solution, Autodesk Buzzsaw, with Constructwares industry leading cost, bid and risk management capabilities. Autodesk Buzzsaw is a leading collaborative project management solution with over 137,000 users from mid-size companies to Fortune 500 companies.
Autodesk plans to invest in supporting, enhancing and integrating the Constructware products with Autodesks collaborative project management solution, Buzzsaw, and design applications including Revit and Civil 3D.
The acquisition, which is subject to various closing conditions, will allow Autodesk to more completely meet the needs of its customers and supports its strategy to deliver collaborative project management solutions on-demand.
Constructware says its vision has always been to become “the communication standard across the design, construction and facility lifecycle.” Combining its team with Autodesk will help it achieve the goal, it says.
With over seven million users, Autodesk is the world’s leading software and services company for the building, manufacturing, infrastructure, media and entertainment and wireless data services fields. Autodesks solutions help customers create, manage and share their data and digital assets more effectively. As a result, customers turn ideas into competitive advantage by becoming more productive, streamlining project efficiency and maximizing profits.
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