Autodesk to Acquire BuildingConnected, a Leading Construction Bid-Management Platform
BuildingConnected has built a network of more than 700,000 construction professionals, helping real estate owners and general contractors find and hire qualified contractors for their projects. It is the largest and most active digital network of construction professionals. BuildingConnected's customers include
BuildingConnected CEO and co-founder
"This acquisition provides an opportunity for
In addition to its leading bid-management platform, BuildingConnected offers TradeTapp, a subcontractor risk analysis platform, and Bid Board Pro, a platform that helps subcontractors manage and win more bids. BuildingConnected is the only bid-management platform that provides general contractors and owners with project-specific risk mitigation recommendations based on subcontractor qualification data. This helps contractors efficiently vet and make more informed decisions when selecting subcontractors.
Business Outlook and Terms
The transaction is subject to customary closing conditions and is expected to close during
For more background on the acquisition, please see the accompanying presentation here.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding: the planned BuildingConnected acquisition and the timing thereof, the impact of the acquisition on
Factors that could cause actual results to differ materially include the following:
Further information on potential factors that could affect the financial results of
For more information, please visit the Autodesk Newsroom.
BuildingConnected is a leading preconstruction platform enabling real estate owners and general contractors to hire qualified contractors for their projects. BuildingConnected's mission is to connect every business in the
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