Product category:
Building and Site Management
News Release from: Autodesk
Edited by the Buildingtalk Editorial
Team on 05 April 2006
Autodesk completes acquisition of
Constructware
Acquisition will increase collaborative project management offerings from Autodesk and offer building and construction customers enhanced on-demand project management solutions.
Autodesk has announced that it has completed the acquisition of Constructware, a privately held company based in Alpharetta, Georgia providing on-demand communication and collaboration solutions that streamline design, construction and facility management The acquisition, announced on February 7, 2006, closed for cash consideration of US $46 million
This article was originally published on Buildingtalk on 29 May 2003 at 8.00am (UK)
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This acquisition enables Autodesk to rapidly expand its Autodesk Buzzsaw collaborative project management solution with Constructware software's industry leading cost, bid and risk management capabilities.
The acquisition allows Autodesk to more completely meet the needs of its customers as they realise their ideas through the use of on-demand collaborative project management solutions.
Constructware, founded in 1994, is a nationally recognised provider of collaborative technology solutions for the construction industry, with over 30,000 customers and subscribers worldwide, including Clark Construction Group LLC, Abbott Laboratories, New York Metropolitan Transit Authority, Tiffany and Company.
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The company is well established in the construction industry for general and sub-contractors and has demonstrated significant traction in the public sector among government and education organisations.
Autodesk Buzzsaw customers in home building and the retail and hospitality segments of the commercial real estate market will benefit from the addition of Constructware technology.
"Our industry relies on an on-demand collaborative project management solution with the scalability to accurately share and review design and construction data with a wide range of architects, contractors, construction companies and vendors," said Steve Stankiewicz, Operations Support Manager of Clark Construction Group, LLC.
"Joining Autodesk is a great move for Constructware".
"As customers, we will have access to a much broader technology base and innovation that a $1.5 Billion company can offer, not to mention the combined expertise that truly understands collaboration to help us share our ideas and manage our processes effectively," added Stankiewicz.
"As the construction industry continues to grow, the need to complete projects faster will only increase".
"To help our customers streamline their collaborative project management needs, we're delivering on-demand collaborative solutions that will work throughout the construction project lifecycle," said Amar Hanspal, vice president of Autodesk Collaborative Solutions".
""With the acquisition of Constructware, Autodesk now has a more robust offering of collaborative project management solutions and will continue to be a market leader in the building and construction industries by offering the most comprehensive solution available".
Autodesk Buzzsaw is the world's leading on-demand collaborative project management solution with over 137,000 users from mid-size companies to Fortune 500 companies.
Autodesk plans to make significant investments in supporting, enhancing and integrating the Constructware products with Autodesk's solutions, including Buzzsaw, Revit and Civil 3D.
Business Outlook Targeted non-GAAP EPS for this transaction, which excludes the amortization of acquisition related intangibles, is expected to have no impact on earnings in fiscal 2007.
Including $2.5M pre-tax of amortisation of acquisition related intangibles, Autodesk currently believes the acquisition will be dilutive to GAAP earnings per share by $0.01 in fiscal 2007. Request free introductory details about products from Autodesk ...
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