Autodesk recently announced its intent to acquire PlanGrid, and the transaction is now complete. November 17-20 ... PlanGrid is the first construction productivity software that allows contractors and owners in commercial, heavy civil, and other industries to work and collaborate from anywhere This includes enhancements to the features and products our field collaboration software users love to use... We’re honored to begin a new decade with an amazing base of passionate and innovative customers. PlanGrid builds simple, powerful software construction teams love to use. SAN RAFAEL, Calif., Dec. 20, 2018 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) has completed the acquisition of PlanGrid, a leading provider of construction productivity software, for $875 million net of cash. In the immediate future, it is business as usual; you will see no change in PlanGrid’s product, service offerings or customer support. "We're excited about this acquisition because it will improve the way information can be shared on projects, and that leads to greater productivity and predictability. The company's mobile-first technology gives general contractors, subcontractors, owners and architects access to information in real-time, enables field collaboration and provides actionable insights. 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. On behalf of everyone at PlanGrid, thank you for your support, trust and business. © 2018 Autodesk, Inc. All rights reserved. There are currently no plans to increase PlanGrid’s price or change the way PlanGrid is sold. Autodesk disclaims any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. For fiscal year 2020, Autodesk expects PlanGrid to contribute approximately $100 million in ARR and be slightly dilutive to profitability and cash flow. Headquartered in San Francisco and founded in 2011, PlanGrid was acquired by Autodesk in 2018. PlanGrid is used on more than 1.5 million projects across commercial, heavy civil and other industries in 100+ countries. Pype marks Autodesk's fourth construction-based acquisition in recent years, joining the acquisitions of Assemble in July 2018, PlanGrid in December 2018 and BuildingConnected in January 2019. Since launching Autodesk Construction Cloud™, we have been rolling out updates across our product solutions. View original content to download multimedia:http://www.prnewswire.com/news-releases/autodesk-completes-plangrid-acquisition-300769312.html, Press: Taylor Long, (541) 231-9695, taylor.long@autodesk.com; Investors: Abhey Lamba, (415) 547-3502, abhey.lamba@autodesk.com, http://www.prnewswire.com/news-releases/autodesk-completes-plangrid-acquisition-300769312.html. Autodesk funded the transaction using a combination of cash on hand and a short-term loan. "PlanGrid has excelled at building a product portfolio and go-to-market engine for satisfying the needs of how project teams use critical project documentation to streamline everyday construction tasks," said Andrew Anagnost, Autodesk CEO. Tracy Young is the co-founder and CEO at PlanGrid, the leader in construction productivity software, where she oversees the corporate direction and strategy of the company, focusing on leadership, innovation, and customers. Experience the power of connected construction today. PlanGrid Acquisition The company also completed the acquisition of PlanGrid, a provider of construction productivity software, for $875 million net of cash. Autodesk and PlanGrid have developed complementary construction software. "One of the biggest challenges in the construction industry is data flow – how you get the most current and accurate information to the right people, at the right time," said Atul Khanzode, chief technology officer, DPR Construction. Autodesk Inc has closed its previously announced acquisition of San Francisco-based PlanGrid, a provider of construction productivity software. Over time, customers of PlanGrid and other Autodesk products will see a much tighter integration between the software solutions, which will drive increased value for our customers. All other brand names, product names or trademarks belong to their respective holders. Beyond Point Solutions: A Unified Data Platform Autodesk announced that it has purchased PlanGrid, the San Francisco startup that made the iPad the preferred method of viewing construction drawings, for $875 million. Young founded PlanGrid with Ralph Gootee, Ryan Sutton-Gee, Antoine Hersen, and Kenny Stone in the fall of 2011. As a valued PlanGrid customer, you’re probably curious about what this means for you. Video - Autodesk Completes PlanGrid Acquisition. The PlanGrid acquisition is the largest ever by Autodesk, emphasizing just how important the mission of digitizing construction is to Autodesk as an organization. Sutton-Gee, Antoine Hersen, and the transaction using a combination of on..., PlanGrid was acquired by Autodesk in 2018 to investing in our platform to test and new... 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