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Autodesk to Acquire Cloud Based Estimating Company ProEst
SAN FRANCISCO, Dec. 16, 2021 /PRNewswire/ — Autodesk, Inc. (NASDAQ: ADSK) has announced a major move in the construction tech space by acquiring ProEst, a leading cloud-based estimating solution. This acquisition is set to enhance Autodesk Construction Cloud, offering construction teams a more integrated and efficient way to handle preconstruction tasks.
ProEst helps construction professionals quickly translate project scopes into accurate cost estimates, including material, labor, and equipment costs. By integrating with Autodesk Construction Cloud, this powerful tool will allow teams to streamline their workflows, reduce errors, and improve collaboration across all phases of a project.
With customers like Geisinger, O’Brien Construction, Vantis, and Oswald, ProEst has proven its value in delivering faster, more accurate estimates. The integration will not only support better decision-making but also increase the chances of winning bids and managing risks effectively.
Luis Berumen from Bartlett Cocke General Contractors highlighted how Autodesk Construction Cloud helps them manage projects efficiently, and with ProEst’s addition, they expect even greater improvements in speed and accuracy.
Manny Innamorato from the New York City School Construction Authority emphasized how ProEst’s cloud-based platform allows seamless access to data, which is crucial for public projects where cost-effectiveness and quality are key priorities.
Autodesk continues to expand its construction technology portfolio through strategic acquisitions, including Assemble, BuildingConnected, PlanGrid, and Pype. This latest move reinforces their commitment to digital transformation in the construction industry.
The transaction is expected to close during Autodesk's fourth quarter of fiscal 2022. While it won’t impact current financial guidance, it marks an important step forward in providing a unified platform for construction teams worldwide.
This acquisition underscores Autodesk’s vision of connecting every part of the construction process, from design to execution, ensuring smoother project delivery and greater transparency.
For more information on Autodesk and its innovative solutions, visit autodesk.com or follow @autodesk on social media.