Skip to main content

Market Overview

Autodesk To Acquire Upchain For Faster Cloud Data Transport

Share:
Autodesk To Acquire Upchain For Faster Cloud Data Transport
  • Software company Autodesk Inc (NASDAQ: ADSKinked an agreement to acquire instant-on, cloud-based product lifecycle management (PLM) and product data management (PDM) solutions provider, Upchain.
  • The acquisition increased Autodesk’s association across the decentralized product value chain, irrespective of the CAD system.
  • Upchain had created a unified cloud platform by eliminating the PLM and PDM technologies’ barriers by putting data at the center of the product development process.
  • The financial terms of the transaction were not disclosed.
  • Autodesk customers will be able to transport data by integrating Upchain with its existing offerings easily, Autodesk CEO Andrew Anagnost said.
  • Autodesk acquired water infrastructure software provider Innovyze for $1 billion in Feb.
  • Autodesk held $1.8 billion in cash and equivalents as of Jan. 31, 2021.
  • Price action: ADSK shares traded higher by 1.84% at $299.76 on the last check Thursday.
 

Related Articles (ADSK)

View Comments and Join the Discussion!

Posted-In: Briefs cloud computingM&A News Tech Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com