**San Francisco, April 15, 2021 –** Autodesk, Inc. (NASDAQ: ADSK) has officially entered into a definitive agreement to acquire Upchain, a leading provider of instant-on, cloud-based product lifecycle management (PLM) and product data management (PDM) solutions. This strategic move is designed to enhance collaboration across the decentralized product development ecosystem, offering engineers, manufacturers, suppliers, and other stakeholders a more integrated and efficient way to manage complex workflows—regardless of the CAD system they use.
We’re excited to announce that the acquisition of Upchain is now complete. Learn more about this milestone here.
Upchain’s cloud platform is revolutionizing how manufacturers handle complexity by centralizing data throughout the product development process. By breaking down traditional PLM and PDM boundaries, it empowers teams to work more efficiently and effectively, no matter where they are in the supply chain.
“Resilience and collaboration are more important than ever for manufacturers navigating increasingly complex product development challenges,†said Andrew Anagnost, President and CEO of Autodesk. “By integrating Upchain into our ecosystem, we’re strengthening our ability to deliver a powerful, end-to-end cloud platform that helps customers unlock new insights and drive innovation.â€
Autodesk will continue to support an open data approach, ensuring compatibility with not only its own tools like Inventor, AutoCAD, and Fusion 360, but also with other widely used CAD systems in the industry. This commitment to interoperability ensures that customers can seamlessly transfer data and streamline their workflows.
“With this acquisition, we’re taking a major step toward meeting our customers where they are,†said Scott Reese, Executive Vice President of Product Development and Manufacturing Solutions at Autodesk. “By bridging the gap between data and process management, we’re helping companies stay agile and respond quickly to market demands.â€
Upchain serves a wide range of industries, including automotive, aerospace, industrial machinery, transportation, entertainment, and textiles. Its solution has already made a significant impact on organizations looking to improve collaboration and efficiency.
“We’ve always believed in the power of cloud collaboration to transform the product lifecycle,†said John Laslavic, CEO and Founder of Upchain. “Autodesk shares our vision for simplifying how teams work together. We’re excited to combine forces and take this mission to the next level.â€
For more details, you can access the full press release in PDF format here.
The transaction is expected to close during Autodesk’s second quarter of fiscal year 2022, which ends on July 31, 2021, subject to customary closing conditions.
**About Autodesk**
Autodesk creates software that empowers people to design and build almost anything. From high-performance cars to skyscrapers, smartphones to blockbuster films, millions of users around the world rely on Autodesk’s tools to bring their ideas to life. For more information, visit [autodesk.com](http://www.autodesk.com) or follow us on [Twitter](https://twitter.com/autodesk).
**Safe Harbor Statement**
This press release contains forward-looking statements that involve risks and uncertainties. These include statements regarding the planned acquisition of Upchain, the timing of the transaction, the impact on Autodesk’s business performance, and the future capabilities of our products and services. Actual results could differ materially due to various factors, including integration challenges, market competition, changes in technology, and other risks detailed in Autodesk’s SEC filings. Autodesk disclaims any obligation to update these statements after the date they were made.
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