Autodesk Completes Acquisition of Innovyze, Provider of Smart Water Infrastructure Modeling, Simulation, and Predictive Technologies

SAN FRANCISCO, March 31, 2021 – Autodesk, Inc. (NASDAQ: ADSK), a global leader in design and engineering software, has officially completed its acquisition of Innovyze, Inc. for $1 billion, net of cash, subject to standard working capital and tax adjustments. This strategic move strengthens Autodesk's position as a premier provider of comprehensive digital solutions spanning the entire lifecycle of water infrastructure, from initial design to ongoing operations. By integrating Innovyze's advanced technologies into its portfolio, Autodesk aims to accelerate its digital twin strategy and foster a more sustainable and digitized water sector. The combination of Autodesk’s and Innovyze’s complementary offerings presents immense opportunities for the broader industry. With a shared customer base and aligned technological goals, this acquisition not only bolsters Autodesk’s growth prospects but also extends Innovyze’s global reach across the water infrastructure ecosystem, covering everything from project conception to maintenance. Attached below is a screenshot showcasing Innovyze’s Info360 Insight platform, which unifies water utility data in the cloud. Leveraging sophisticated analytics, modeling, and alerting tools, this platform transforms operational insights into actionable intelligence, making it easier for utilities to manage their resources efficiently. [Image description: A visual representation of Innovyze’s Info360 Insight platform highlighting cloud-based data integration and advanced analytics] Innovyze boasts a client list comprising approximately 3,000 organizations worldwide, including major public and private utilities in some of the world’s largest cities across five continents. Many of these clients are among the top design firms recognized by Engineering News-Record (ENR) and leading environmental consultancy groups. “This acquisition reflects our commitment to investing in solutions that deliver lasting value both to Autodesk and our customers,” remarked Andrew Anagnost, CEO and President of Autodesk. “As we increasingly focus on investments that contribute to sustainability, Innovyze stands out as a perfect fit. Managing water responsibly goes hand-in-hand with preserving life—this acquisition underscores our dedication to creating a healthier planet.” Innovyze specializes in cutting-edge software solutions tailored for the water industry. Its suite of tools, which encompasses modeling, simulation, asset performance management, and operational analytics, empowers water distributors and utilities to operate more efficiently while reducing costs. Furthermore, Innovyze leads the charge in digital twin technology, a field that Autodesk is rapidly advancing through initiatives like the recent introduction of Autodesk Tandem. These combined capabilities empower civil engineers, utility managers, and other professionals to proactively address challenges before they escalate into crises and better plan for future demands. Colby Manwaring, CEO of Innovyze, expressed optimism about the partnership: “For over three decades, Innovyze has focused on ensuring safe and sustainable water management from source to sea. Collaborating with Autodesk amplifies our joint mission to build resilience against climate change and enhance quality of life worldwide.” For further details regarding this acquisition, refer to the accompanying PDF document available here. --- **About Autodesk** Autodesk empowers creators who bring ideas to life. From high-performance cars to iconic skyscrapers, smartphones to blockbuster films, millions of users rely on Autodesk software daily. Whether designing a bridge or crafting a movie scene, Autodesk equips users with the tools needed to create anything imaginable. Learn more at [autodesk.com](https://www.autodesk.com/) or follow us on Twitter [@autodesk](https://twitter.com/autodesk). --- **Important Notes** Autodesk and its logo are either registered trademarks or trademarks of Autodesk, Inc., and/or its subsidiaries and affiliates in the U.S. and/or other countries. All other brands, product names, or trademarks mentioned belong to their respective owners. While every effort has been made to ensure accuracy, Autodesk reserves the right to modify product features, specifications, and pricing without prior notice. This press release includes forward-looking statements that carry inherent risks and uncertainties. Potential factors influencing outcomes include difficulties in integrating Innovyze’s operations, unforeseen expenses related to the acquisition, market fluctuations within the architecture, engineering, and construction sectors, and competitive pressures. Additional information concerning these risks can be found in Autodesk’s annual report on Form 10-K and quarterly reports on Form 10-Q filed with the U.S. Securities and Exchange Commission. Autodesk does not undertake any obligation to update these forward-looking statements to reflect changes in circumstances or events occurring after the date of issuance. Lastly, while Autodesk communicates future development plans for existing and upcoming products, these intentions should not be taken as guarantees of specific releases or features. Buyer discretion is advised when making purchasing decisions based on such projections.

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