Companies Are Building a Digital Marketplace for the Global Construction Sector SAN RAFAEL, CA — January 23, 2019 — Autodesk, Inc. (NASDAQ: ADSK) has officially completed its acquisition of BuildingConnected, a top-tier preconstruction platform, for $275 million, net of cash acquired. The deal was funded using Autodesk’s existing cash reserves. BuildingConnected is the largest and most active digital network in the construction industry, with over 700,000 professionals using its platform. It streamlines the bidding process and enhances communication, making it faster and easier to find, qualify, and select the right subcontractors or respond to project opportunities. Owners and general contractors use the platform to manage bidding, qualification, and evaluation from one centralized location, while subcontractors and vendors can track their opportunities and increase their chances of winning work. "BuildingConnected's bid management and risk analysis tools help contractors connect with the right people for the right projects," said Dustin DeVan, CEO and co-founder of BuildingConnected. "Together, we're enabling a seamless flow from preconstruction through project completion—something that hasn't been possible before." "Transparency, collaboration, and an efficient bidding process are crucial for managing complex construction projects," added Jim Lynch, Vice President and General Manager of Autodesk Construction Solutions. "Our customers are looking for advanced digital solutions that empower them with better data confidence, smarter workflows, and stronger connections across the entire project lifecycle. With BuildingConnected, they now have a more powerful digital toolkit to improve accuracy, reduce uncertainty, and boost productivity." "This acquisition strengthens our portfolio as we drive the technological transformation of the construction industry," said Andrew Anagnost, CEO of Autodesk. "We're moving from acquiring top construction tech companies to integrating these solutions into our offerings for current and future customers." Brasfield & Gorrie, one of the largest privately held construction firms in the U.S., provides general contracting, design-build, and construction management services. Chris Kramer, CIO of Brasfield & Gorrie, said, "The construction industry is evolving rapidly with new technologies, materials, and methods becoming standard. We're committed to delivering the best quality, value, and experience for our clients. Our partnership with BuildingConnected and Autodesk helps us stay at the forefront of innovation, making it easier for all stakeholders to connect early in the project lifecycle." Autodesk plans to integrate BuildingConnected with its BIM 360, Revit, AutoCAD, PlanGrid, and Assemble Systems to offer a comprehensive construction solution that covers every stage of the project lifecycle. For more details on the acquisition, visit the official FAQ page. Business Outlook and Terms The acquisition will not significantly affect Autodesk’s fourth-quarter or fiscal year 2019 guidance issued on November 20, 2018. For fiscal year 2020, Autodesk expects a minimal revenue and Annualized Recurring Revenue (ARR) benefit from BuildingConnected, with a slight dilutive impact on profitability and cash flow. The company remains on track to meet its free cash flow goals for the year. Safe Harbor Statement This press release includes forward-looking statements involving risks and uncertainties. These include statements about the impact of the acquisition on Autodesk’s guidance, business performance, product capabilities, and customer relationships. The company also outlines its plans to enhance construction workflows and create a global digital marketplace. Actual results may differ due to various factors, including integration challenges, market growth, competition, and unanticipated accounting impacts. For more information on potential factors affecting Autodesk’s financial results, refer to its 2018 Annual Report on Form 10-K and quarterly reports on Form 10-Q. Autodesk disclaims any obligation to update forward-looking statements after the date they were made. For additional details, visit the Autodesk Newsroom. About BuildingConnected BuildingConnected is a leading preconstruction platform that connects real estate owners and general contractors with qualified subcontractors. Its mission is to link every business in the $10 trillion construction industry, supporting millions of construction professionals worldwide. From major sports arenas to local schools and hospitals, BuildingConnected’s tools help cities grow and communities thrive. About Autodesk Autodesk creates software that empowers people to make things. Whether you’ve driven a high-performance car, admired a skyscraper, used a smartphone, or watched a great film, you've likely experienced the impact of Autodesk’s software. We give you the power to bring your ideas to life. Autodesk, AutoCAD, BIM 360, and Revit are registered trademarks of Autodesk, Inc., or its subsidiaries and affiliates in the U.S. and other countries. All other brand names, product names, or trademarks belong to their respective holders. Autodesk reserves the right to change product and service offerings, specifications, and pricing at any time without notice and is not responsible for typographical or graphical errors in this document. © 2019 Autodesk, Inc. All rights reserved. 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