Tuesday, 09 March 2021 10:09

Autodesk to pay US$1 billion to acquire Innovyze Featured

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Global software vendor Autodesk has signed a definitive agreement to acquire water infrastructure software provider Innovyze for US$1 billion.

Autodesk says the acquisition of the Portland, Oregon-based Innovyze positions the company as a technology leader in end-to-end water infrastructure solutions from design to operations, accelerates its digital twin strategy, and creates a clearer path to a more sustainable and digitised water industry.

Innovyze’s modelling, simulation, and predictive analyses solutions enable more cost-effective and sustainably designed water distribution networks, water collection systems, water and wastewater treatment plants, and flood protection systems.

Autodesk (NASDAQ: ADSK) says combining Innovyze’s portfolio with the power of Autodesk’s design and analysis solutions, including Autodesk Civil 3D, Autodesk InfraWorks, and the Autodesk Construction Cloud, offers civil engineers, water utility companies and water experts the ability to better respond to issues and to improve planning.

According to Autodesk, more than two billion people lack access to safe drinking water at home, and by 2025 more than two-thirds of the world's population will reside in water-stressed areas.

“We can achieve a more sustainable planet, but we can’t do it without responsibly managing our use of water and securing its future,” said Andrew Anagnost, Autodesk president and CEO.

“An estimated USD1.9 trillion is required to address global water infrastructure needs by 2030, and by fundamentally changing the way systems are designed, constructed, and operated, we are best positioned to overcome this challenge and realise the better world we’ve imagined.”

“Nearly nine trillion gallons of water are lost each year worldwide due to prolonged leaks and pipe breaks, but we cannot manage or fix what we cannot see,” said Amy Bunszel, Executive Vice President, AEC Design Solutions at Autodesk.

“Innovyze’s portfolio of operational analytics, distribution modelling, and asset management solutions provides the insight needed to identify this and other potential problems before they become a crisis.”

“For thirty-five years Innovyze has been a hidden part of the daily lives of millions of people around the world, helping to deliver fresh, clean water, managing sewage and flooding in our communities, and turning wastewater into safe water,” said Colby Manwaring, CEO of Innovyze.

“Similarly, if you look at the built world around us, Autodesk’s design DNA is found in just about every structure you see above ground and below, so it makes strategic sense to bring together our complementary organisations critical to much of the world’s population. We look forward to completing the acquisition and getting to work, together.”


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