B2B information. The $2bn-revenue Autodesk Inc, of California, has agreed to acquire BuildingConnected for $275m net of cash acquired. This acquisition will add bid management, risk analysis and other pre-construction solutions to Autodesk’s construction portfolio. With BuildingConnected, the company gets a network of 700,000 construction-related professionals that help real estate companies and construction firms find qualified workers for their projects and manage the bidding process. Much like PlanGrid (acquired last year by Autodesk for $875m), which takes huge paper plan books and digitizes them for construction sites, BuildingConnected does that with the planning and management part of the construction process for which companies once used complex Excel spreadsheets.
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Autodesk buys BuildingConnected for $275m
