Autodesk, Inc. (NASDAQ: ADSK) has announced the completion of its acquisition of Innovyze, Inc. for $1 billion net of cash subject to working capital and tax closing adjustments. The acquisition positions Autodesk as a leading global provider of end-to-end digital solutions from design to operations of water infrastructure, accelerates Autodesk’s digital twin strategy, and creates a clearer path to a more sustainable and digitized water industry.
Built on the Innovyze Info360.com platform, Info360 Insight unifies water utility data in the cloud, applying sophisticated analytics, modeling, and alerting tools to make operational information more accessible, reliable, and actionable.
Autodesk and Innovyze’s complementary technologies and long-list of shared customers offer significant value to the industry at large. Additionally, the acquisition will enhance Autodesk’s growth potential by expanding Innovyze’s global footprint and presence across the water infrastructure value chain from design through construction to operations and maintenance.
Andrew Anagnost, CEO and president of Autodesk, said, “We make investment decisions based on the potential value to Autodesk and to our customers, and increasingly, we give significant consideration to an investment’s impact on sustainability, as we did with our Spacemaker acquisition last year. Innovyze is no different. This is a software acquisition, but also a clear statement of Autodesk’s corporate commitment to improve our planet.”
Colby Manwaring, CEO of Innovyze, said, “Water is life, and safely and sustainably managing water from cloud to ocean has been Innovyze’s mission for more than thirty years. Autodesk and Innovyze’s technologies could not be more complementary, which will accelerate our shared vision for improving our resilience to climate change and quality of life for all communities.”
