![]() ![]() ![]() San Francisco-based BuildingConnected was founded in 2012, and has grown to become the largest digital network of construction professionals, with more than 700,000 people in its database. Today, the company says that it has completed its $875 million cash acquisition of PlanGrid, a seven-year-old startup based in San Francisco, which provides construction productivity software that enables GCs, subcontractors, and owners to have real-time access to project plans, digital blueprints, punch lists, work tasks, progress imagery, daily field reports, and submittals.Īlso today, Autodesk discloses that it has signed a definitive agreement to acquire BuildingConnected for $275 million in net cash. In keeping with an aggressive business plan focused on software development for the construction industry, Autodesk has made two key acquisitions that it hopes will broaden its construction management platforms.
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