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, with adjustments for working capital and taxes. 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. It also bolsters Autodesk's commitment to advancing its digital twin strategy, paving the way for a more sustainable and technologically advanced water sector.
The merger between Autodesk and Innovyze brings together two complementary platforms that deliver immense value to the industry. By leveraging Innovyze's expansive global reach and deep expertise in water infrastructure, Autodesk can now offer even more robust solutions tailored to meet the needs of its clients throughout the design, construction, and maintenance phases. This acquisition not only expands Autodesk's portfolio but also reinforces its dedication to fostering innovation within the water management field.
Built on the Innovyze Info360 platform, Info360 Insight consolidates critical water utility data into one centralized cloud-based system. Equipped with advanced analytics, modeling tools, and real-time alerts, it empowers utilities to make informed decisions quickly and efficiently. With over 3,000 satisfied customers globally—spanning major urban centers across five continents—Innovyze has established itself as a trusted name among both public and private utilities alike.
"Every decision we make at Autodesk revolves around creating value for our stakeholders while contributing positively towards sustainability," stated Andrew Anagnost, CEO and President of Autodesk. "Just like last year when we acquired Spacemaker, this acquisition underscores our broader mission to address some of today’s most pressing environmental challenges. Water scarcity remains one of humanity’s greatest concerns, so partnering with Innovyze allows us to take another meaningful step toward ensuring equitable access to clean water resources."
Innovyze specializes in developing cutting-edge software aimed at optimizing water distribution networks, enhancing drainage system efficiency, and streamlining asset performance management practices. Their cutting-edge approach leverages digital twins—a virtual representation of physical assets—to provide actionable insights that help reduce costs while improving service reliability. Furthermore, Innovyze serves as a pioneer in applying digital twin technology specifically to water infrastructure management, complementing Autodesk’s recent introduction of Autodesk Tandem.
By combining forces, both organizations can now equip civil engineers, utility managers, facility operators, and other professionals involved in water resource planning with powerful tools capable of predicting potential problems before they escalate into crises. Additionally, these enhanced capabilities facilitate long-term strategic planning efforts designed to adapt to changing climatic conditions while preserving precious natural resources.
"We believe access to safe drinking water is fundamental to human survival," remarked Colby Manwaring, outgoing CEO of Innovyze. "Joining forces with Autodesk opens up unprecedented opportunities to accelerate progress toward achieving universal water security while simultaneously addressing urgent climate adaptation goals."
For additional details regarding this transformative acquisition, interested parties are encouraged to review the accompanying PDF document available online.
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**About Autodesk**
At Autodesk, we empower creators everywhere to imagine, design, and build a better world. Whether it’s designing sleek sports cars, constructing towering skyscrapers, crafting state-of-the-art smartphones, or producing award-winning films, countless projects rely on our innovative software solutions. From architects and engineers to filmmakers and game developers, Autodesk equips them all with the creative freedom needed to turn ideas into reality. To learn more about what we do, visit [autodesk.com](https://www.autodesk.com/) or connect with us on social media via @autodesk.
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