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)--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.
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.
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.
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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.