Autodesk announced that it will acquire preconstruction planning company BuildingConnected for $275 million, net of cash acquired. The acquisition adds preconstruction tools to Autodesk’s portfolio and will bring it closer to being a true end-to-end construction solution.
BuildingConnected was founded specifically to streamline the preconstruction process and connect general contractors and real estate stakeholders with subcontractors and vendors. The company is perhaps best known for its online bid management platform, which allows contractors to store and compare their bids from rival subcontractors/vendors in the same place. Continue reading here