Autodesk to Acquire Upchain to Accelerate Product Development Data and Processes in the Cloud
Upchain has created a unified cloud platform that eliminates the boundaries of traditional PLM and PDM technologies, helping manufacturers manage complexity across teams by putting data at the center of the product development process.
"Resilience and collaboration have never been more critical for manufacturers as they confront the increasing complexity of developing new products. We're committed to addressing those needs by offering the most robust end-to-end design and manufacturing platform in the cloud," said
Autodesk will maintain Upchain's open approach to data, supporting integration not only with solutions like Inventor, AutoCAD and Fusion 360, but also with other CAD systems commonly used in the manufacturing industry.
"The acquisition of Upchain is a big step toward meeting our customers where they are, removing the barriers to collaboration and bridging the gap between data management and process management technologies," said
Upchain serves a diversified customer base from across industries including automotive and aerospace, industrial machines, transportation, entertainment, and textiles and apparel.
"We've had a singular focus at Upchain to up-level cloud collaboration across the entire product lifecycle, changing the way that people work together so that everyone has access to the data they need, when they need it," said
For more information, please see the accompanying PDF.
The transaction is subject to customary closing conditions and is expected to close during Autodesk's second quarter of fiscal year 2022, ending
Autodesk makes software for people who make things. If you've ever driven a high-performance car, admired a towering skyscraper, used a smartphone, or watched a great film, chances are you've experienced what millions of Autodesk customers are doing with our software. Autodesk gives you the power to make anything. For more information visit autodesk.com or follow @autodesk.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding: the planned acquisition of Upchain and the timing thereof, the impact of the acquisition on Autodesk's business performance; the impact of the transaction on Autodesk's and Upchain's products and services capabilities, customers, and partners; and Autodesk's strategic priorities.
Factors that could cause actual results to differ materially include the following: Autodesk's ability to successfully integrate Upchain's business; costs related to the acquisition; the evolution of cloud-based and traditional PLM and PDM technologies; changes in the manufacturing industry; the competitive environment in the PLM, PDM, and manufacturing industries and competitive responses to the acquisition; Autodesk and Upchain's success developing new products or modifying existing products and the degree to which these gain market acceptance; general market and business conditions; unanticipated impact of accounting for acquisitions; and the ability to satisfy the conditions to the completion of the acquisition on the anticipated schedule, or at all.
Further information on potential factors that could affect the financial results of Autodesk are included in Autodesk's Form 10-K and subsequent Forms 10-Q, which are on file with the
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