Modeling software company Autodesk has acquired BIM (building information modeling) platform Assemble Systems, as the former aims to bolster its offering for the construction industry.
The deal – financial details of which have yet to be disclosed – builds on Autodesk’s leading of Assemble Systems’ Series A funding round last year, which allowed the Salem, Massachusetts-based SaaS firm to scale into a formidable force in the construction tech sector.
Assemble Systems’ web-based 3D software enables construction professionals to extract metadata, add coding and collaborate. It has assisted 12,704 projects since its 2011 foundation, and is backed by capital to the tune of $12 million.
“I welcome the Assemble Systems team to the Autodesk family, as part of our efforts to digitize and improve the construction industry,” said Autodesk president and CEO Andrew Anagnost. “We are connecting project data from design through construction, creating the cloud-enabled tools necessary to make the critical pre-construction phase of a project more predictable and profitable.”
Autodesk already has a presence in construction, a vertical whose value is pegged at $8tr worldwide, and represents around 6% of global GDP. The San Rafael, California-headquartered company recently launched a project management title called BIM 360, and will supercharge it with Assemble’s own multifaceted solution.