Autodesk, Inc. (NASDAQ: ADSK) is acquiring ProEst, a San Diego, California-based provider of a cloud-based estimating solution that enables construction teams to create estimates, perform digital takeoffs, generate detailed reports and proposals and manage bid-day processes.
The amount of the deal was not disclosed. The transaction is subject to customary closing conditions and is expected to close during Autodesk’s fourth quarter of fiscal 2022, ending January 31, 2022. The acquisition will have no material impact on Autodesk’s fourth quarter and fiscal year 2022 guidance presented on November 23, 2021.
Autodesk plans to integrate ProEst with Autodesk Construction Cloud, a comprehensive construction management platform connecting teams, data and workflows across the entire building lifecycle. The acquisition will strengthen Autodesk Construction Cloud’s preconstruction offerings and empower construction teams to manage all their critical preconstruction and construction workflows on one platform.
ProEst, whose customers include Geisinger, O’Brien Construction, Vantis and Oswald, translates project scope quickly, turning drawings, specifications and models into material, labor and equipment costs. With ProEst’s cloud-based solution, customers can also access estimating information from anywhere, at any time, and import third-party cost databases to streamline estimation workflows.
Led by Jeff Gerardi, founder and CEO, ProEst will join Autodesk Construction Cloud’s existing portfolio of solutions, further enabling teams to reduce rework, improve productivity, increase automation and accelerate project delivery. Autodesk Construction Cloud solutions include:
- Autodesk Takeoff: empowers estimators to perform 2D and 3D quantification workflows.
- Autodesk BIM Collaborate: enables project teams to align on and execute design intent by managing design collaboration and coordination workflows from a single solution.
- Autodesk Build: connects project, cost, quality, safety and field collaboration workflows in a solution that is easy to deploy, adopt and use.
- BuildingConnected: centralizes and streamlines the bidding process to help teams discover trade partners, identify the right subcontractors and solicit and compare bids. It features over one million construction professionals and encompasses TradeTapp, which uses machine learning and AI technology to qualify contractors and mitigate project risk.