Autodesk, Inc. signed a definitive agreement to acquire Horizontal Systems, a provider of innovative cloud-based Building Information Modeling (BIM) collaboration solutions for the Architecture, Engineering, and Construction (AEC) industry. The transaction is subject to customary closing conditions and is expected to close in Autodesk’s fourth quarter of fiscal 2012 (which ends on Jan. 31, 2012). Terms of the transaction were not disclosed.
Horizontal Systems technology is expected help accelerate Autodesk 360 for BIM capabilities by allowing multi-discipline teams to more easily communicate and synchronize information--helping reduce waste and errors during the design and construction of AEC projects and leading to faster, more efficient project delivery.
The acquisition of Horizontal Systems will help accelerate the movement of BIM to the cloud by providing users with the ability to more easily access and coordinate multi-discipline project data wherever and whenever it is needed throughout the entire project lifecycle. BD+C
Related Stories
| Mar 15, 2013
AIA opposes House bill cutting Eisenhower Memorial funding
AIA opposes House bill cutting Eisenhower Memorial funding.
| Mar 15, 2013
Singapore R&D campus takes top honor in Lab of Year competition
Singapore CREATE R&D campus takes top honor in Lab of Year competition, sponsored by R&D Magazine.
| Mar 15, 2013
7 most endangered buildings in Chicago
The Chicago Preservation Society released its annual list of the buildings at high risk for demolition.
| Mar 14, 2013
How to win more work from community colleges
The nation’s thousand-plus community college districts can be a steady source of income for your Building Team—provided you appreciate the special needs of this important sector of the higher education market.
| Mar 14, 2013
Rohit Saxena joins Perkins Eastman as principal
Rohit Saxena AIA, LEED AP has joined Perkins Eastman's Mumbai office as a Principal.
Building Enclosure Systems | Mar 13, 2013
5 novel architectural applications for metal mesh screen systems
From folding façades to colorful LED displays, these fantastical projects show off the architectural possibilities of wire mesh and perforated metal panel technology.
| Mar 12, 2013
NYC reinvents the pay phone
New York's Reinvent Payphones competition attracts entries that transform the concept of public urban communication.
| Mar 12, 2013
'World's greenest' office building seeks tenants in Seattle
Superefficient Seattle office building is designed to meet the ambitious goals of the Living Building Challenge.