Autodesk has officially closed its acquisition of Innovyze, a provider of smart water infrastructure technology. The company was acquired for USD 1 billion, marking it as the 6th and largest acquisition by purchase price since 2017.
Autodesk and Infrastructure
Autodesk says it acquired Innovyze as part of a larger infrastructure strategy that is aimed at sustainable outcomes. The acquired technologies and solutions enable the technical software design giant to provide end-to-end solutions for design, construction, and now operations of water infrastructure.
This acquisition is smartly aligned with changing political winds for US. investment in critical infrastructure. The Biden Administration current is pushing for a minimum USD 2 trillion infrastructure bill. Water is a critical issue in many US. states like California.
Another strategic infrastructure acquisition will help accelerate Autodesk’s digital twin strategy. Innovyze itself gains from Autodesk’s global footprint and the larger company hopes to enhance Innovyze’s footprint and presence across the water infrastructure value chain from design through construction to operations and maintenance.
Info360 Insight is built on the Innovyze Info360 platform and unifies water utility data in the cloud, applying data analytics, modeling, and alerting tools to make operational information more accessible, reliable, and actionable. The company’s solutions are used by around 3,000 customers worldwide, in many of the largest cities in the world on five different continents.
“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,” said Andrew Anagnost, CEO and president of Autodesk. “Innovyze is no different. Responsibly managing our use of water runs parallel to successfully sustaining life. This is a software acquisition, but also a clear statement of Autodesk’s corporate commitment to improve our planet.”
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