Acquisition of Technology from Get The Point, LLC Bolsters Autodesk
Portfolio of BIM Construction Solutions to Drive Transformation of
Construction Industry
SAN FRANCISCO--(BUSINESS WIRE)--Aug. 21, 2013--
Autodesk,
Inc. (NASDAQ:ADSK) has completed the acquisition of technology
assets from Colorado-based Get The Point, LLC and today introduced Autodesk
Point Layout, new software for layout at construction sites. The
move strengthens Autodesk’s construction solutions portfolio and extends Building
Information Modeling (BIM) further into the field. The acquisition
and product release underscore the company’s efforts to transform the
construction industry using BIM from the earliest stages of design all
the way through project delivery and building operations. Terms
of the transaction were not disclosed.
Autodesk Point Layout automatically creates points from BIM and CAD
models within Autodesk Revit, Autodesk AutoCAD and Autodesk Navisworks
software. The point data drives robotic total station hardware, such as
Topcon’s line of positioning systems and related hand-held devices or
tablets, to give contractors and sub-contractors laser-guided pinpoint
accuracy for the placement and verification of building elements.
By removing error-prone manual layout techniques, Autodesk Point Layout
improves field accuracy and productivity, as building designs are more
accurately and quickly brought to life at the construction site. The
result is faster construction, which helps building projects get
completed on-time and on-budget. With fewer people on site for less
time, Autodesk Point Layout also helps improve construction site safety.
In combination with the cloud-based Autodesk
BIM 360 portfolio for field management and coordination, Autodesk
Point Layout adds another vital element in improving construction
industry productivity.
“BIM continues to transform the building industry in new and important
ways. Connecting the digital model to the physical site is a key step in
achieving efficiency and accuracy on the job site and across all aspects
of the project,” said Amar Hanspal, senior vice president, Information
Modeling and Platform Products Group, Autodesk. “Autodesk Point Layout
is a big step in advancing that effort. More broadly, it’s part of
Autodesk’s expansive arsenal of tools to extend BIM and its productivity
gains into all parts of the workflow, including construction.”
Customers using the technology on which Autodesk Point Layout is based
have reported significant savings in layout time and cost. Beyond cost
and time savings, the increased accuracy of Autodesk Point Layout means
higher quality work, less manpower required and a smoother, safer
project environment for contractors.
“On a recent project, PCL achieved a 27 percent reduction in waste,
directly attributed to using the technology found in Autodesk Point
Layout on concrete foundations,” said Nick Kurth, Virtual Construction
Manager, PCL Construction. “This is a powerful way to extend our BIM
workflow to the construction site, and we expect we can see similar – or
better – savings as we use the new Autodesk software on future jobs.”
Total stations use a combination of GPS, laser-powered optics, wireless
communications and now BIM to verify field placements to precise points
on the jobsite for construction elements such as foundation corners and
concrete-to-steel framing interfaces. Autodesk Point Layout can also
quickly and accurately locate hangers used to support complex,
pre-assembled duct work and piping in a concrete slab. General
contractors can use the software to back-check work from subcontractors
as part of their quality control process. Data can also be relayed from
the total station back into the model to capture and maintain real-world
conditions.
Availability
Autodesk Point Layout is available now in English in the following
countries: the United States, Canada, United Kingdom, Europe, Australia
and New Zealand. It runs in conjunction with the following Autodesk
families of products: AutoCAD products 2011-2014 (including AutoCAD,
AutoCAD Architecture, AutoCAD Civil 3D, AutoCAD MEP); Revit products
2011-2014 (including Revit Structure, Revit Architecture, Revit MEP); or
Navisworks Simulate or Manage 2011-2014. For more information, please
visit autodesk.com/pointlayout.
Business Outlook
This transaction is expected to have no impact on guidance issued on May
16, 2013.
Safe Harbor Statement
This press release contains forward-looking statements that involve
risks and uncertainties, including statements regarding: the impact of
the acquisition on Autodesk's product and services offerings, the impact
of the acquired technology on Autodesk's products and services
capabilities, the impact of the acquisition on end-user functionality
and workflow integration, and Autodesk’s ability to drive transformation
of construction industry. Factors that could cause actual results to
differ materially include the following: difficulties encountered in
integrating Get The Point, LLC technologies; costs related to the
acquisition; whether certain market segments grow as anticipated; the
competitive environment in the software industry and competitive
responses to the acquisition; our success developing new products or
modifying existing products and the degree to which these gain market
acceptance; general market and business conditions; the timing and
degree of expected investments in growth opportunities; pricing
pressure; failure to achieve continued cost reductions and productivity
increases; changes in the timing of product releases and retirements;
failure of key new applications to achieve anticipated levels of
customer acceptance; failure to achieve continued success in technology
advancements; interruptions or terminations in the business of our
consultants or third party developers; the expense and impact of legal
or regulatory proceedings; and unanticipated impact of accounting for
acquisitions.
Further information on potential factors that could affect the financial
results of Autodesk are included in the company's annual report on Form
10-K for the year ended January 31, 2013, and Form 10-Q for the quarter
ended April 30, 2013, which are on file with the Securities and Exchange
Commission. Autodesk does not assume any obligation to update the
forward-looking statements provided to reflect events that occur or
circumstances that exist after the date on which they were made.
About Autodesk
Autodesk helps people imagine, design and create a better world.
Everyone—from design professionals, engineers and architects to digital
artists, students and hobbyists—uses Autodesk software to unlock their
creativity and solve important challenges. For more information visit autodesk.com or
follow @autodesk.
Autodesk, the Autodesk logo, AutoCAD, AutoCAD Architecture, AutoCAD
Civil 3D, AutoCAD MEP, Revit Structure, Revit Architecture, Revit MEP,
and Navisworks are registered trademarks or trademarks of Autodesk,
Inc., and/or its subsidiaries and/or affiliates in the USA and/or other
countries. All other brand names, product names or trademarks belong to
their respective holders. Autodesk reserves the right to alter product
and services offerings, and specifications and pricing at any time
without notice, and is not responsible for typographical or graphical
errors that may appear in this document. © 2013 Autodesk, Inc. All
rights reserved.
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Source: Autodesk
Autodesk
Bill Danon, 415-675-8360
bill.danon@autodesk.com