SAN FRANCISCO, December 16, 2021 /PRNewswire/ – Autodesk, Inc. (NASDAQ: ADSK), a leader in design and construction technology, announced today its plan to acquire ProEst, a cloud-based estimating solution that empowers construction teams to create estimates, perform digital takeoffs, generate detailed reports and proposals, and manage bid-day processes. This acquisition underscores Autodesk's commitment to integrating ProEst with Autodesk Construction Cloud, a comprehensive construction management platform that connects teams, data, and workflows across the entire building lifecycle.
By joining forces with ProEst, Autodesk aims to enhance its preconstruction offerings and provide construction teams with a unified platform to handle all critical preconstruction and construction workflows. ProEst's cloud-based solution allows users to access estimating information anytime and anywhere, facilitating smoother collaboration and ensuring more efficient project execution. Additionally, the ability to import third-party cost databases helps streamline workflows and optimize cost management.
ProEst’s customer base includes well-known organizations such as Geisinger, O’Brien Construction, Vantis, and Oswald. Their experience with ProEst highlights the solution’s ability to swiftly translate project scope into material, labor, and equipment costs, significantly reducing project risks and boosting the likelihood of securing contracts. By integrating ProEst into Autodesk Construction Cloud, Autodesk will further enhance its cost management capabilities, providing teams with better tracking and visibility to ensure project success.
One satisfied user, Luis Berumen, Vice President of Innovation and Technology at Bartlett Cocke General Contractors, shared his thoughts: "We pride ourselves on delivering high-quality projects safely, within budget, and on time. Autodesk Construction Cloud has already helped us enhance collaboration across different project phases and workflows. Adding ProEst’s cloud-based estimating capabilities will allow us to achieve even greater efficiency."
Manny Innamorato, Chief Information Officer at the New York City School Construction Authority, echoed similar sentiments: "ProEst enables us to produce estimates faster, more consistently, and with higher accuracy throughout the design process. As a public entity, our mission is to build and modernize schools in a responsible and cost-effective way while maintaining the highest standards of safety, quality, and integrity. With ProEst now integrated into Autodesk Construction Cloud, we anticipate a more seamless connection between our estimation data and downstream construction workflows, helping us stay on track and fulfill our mission more effectively."
ProEst will become part of Autodesk Construction Cloud’s suite of solutions, further streamlining project management and driving improvements in productivity, automation, and speed-to-market. Current offerings within Autodesk Construction Cloud include:
- **Autodesk Takeoff**: Empowers estimators to perform both 2D and 3D quantification workflows.
- **Autodesk BIM Collaborate**: Enables project teams to manage design collaboration and coordination from a single platform.
- **Autodesk Build**: Connects project, cost, quality, safety, and field collaboration workflows into a user-friendly solution.
- **BuildingConnected**: Centralizes and simplifies the bidding process, helping teams discover trade partners, identify suitable subcontractors, and evaluate bids. BuildingConnected also features TradeTapp, which uses machine learning and AI to qualify contractors and mitigate project risks.
Jim Lynch, Senior Vice President and General Manager of Autodesk Construction Solutions, emphasized the significance of this acquisition: "Estimation plays a pivotal role in construction workflows, yet it is often a fragmented and manual process prone to errors. By acquiring ProEst, we enable construction teams to link accurate estimates with other project data, minimizing the risk of cost and schedule overruns and driving successful project outcomes. ProEst shares our vision for digital transformation in construction, and we are excited to bring their leading estimating solution to Autodesk Construction Cloud."
Jeff Gerardi, Founder and CEO of ProEst, expressed enthusiasm about the partnership: "Our aim has always been to redefine the construction estimating process and deliver the most advanced functionalities possible. Thanks to our cloud-based platform, we’ve moved beyond paper documents and spreadsheets, breaking down traditional barriers to collaboration. We fully support Autodesk’s vision of connecting construction from start to finish, and we’re thrilled to join forces to realize that vision together."
In recent years, Autodesk has invested heavily in construction technology, acquiring companies like Aurigo Software for capital planning tools and Bridgit for workforce allocation and resource planning solutions. Other notable acquisitions include Assemble, BuildingConnected, PlanGrid, and Pype, totaling over $1.1 billion.
**Business Outlook**
The transaction is subject to standard closing conditions and is anticipated to conclude during Autodesk’s fourth quarter of fiscal 2022, which ends on January 31, 2022. This acquisition is expected to have no material impact on Autodesk’s financial guidance for the fourth quarter and fiscal year 2022, as previously announced on November 23, 2021.
**About Autodesk**
Autodesk is reshaping how the world designs and builds. Our innovative solutions span architecture, engineering, construction, product design, manufacturing, and media and entertainment, empowering creators worldwide to tackle challenges big and small. Whether it’s constructing sustainable buildings, developing smarter products, or creating captivating blockbusters, Autodesk’s tools help our customers build a better future. For more information, visit [autodesk.com](https://www.autodesk.com/) or follow us on Twitter @autodesk.
**Safe Harbor Statement**
We may discuss future development plans for our existing or new products and services. These statements do not constitute guarantees of future product deliveries or service features but rather reflect our current intentions, which may change. Purchasers should not rely solely on these forward-looking statements when making decisions. The company assumes no obligation to update these statements to reflect events or circumstances after their issuance.
**SOURCE:** Autodesk, Inc.
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This announcement marks a significant milestone in Autodesk’s journey toward delivering comprehensive construction solutions. By combining ProEst’s expertise with Autodesk Construction Cloud’s robust capabilities, the combined platform promises to revolutionize how construction teams estimate, collaborate, and deliver projects.
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