Autodesk to Acquire Upchain to Accelerate Product Development Data and Processes in the Cloud

SAN FRANCISCO, April 15, 2021 – Autodesk, Inc. (NASDAQ: ADSK), a leader in design and engineering software, has just announced its decision to acquire Upchain, a company renowned for its instant-on, cloud-based product lifecycle management (PLM) and product data management (PDM) solutions. This acquisition marks a significant milestone for Autodesk as it seeks to enhance collaboration across the increasingly fragmented product value chain, ensuring seamless communication regardless of the CAD system being used. In a statement, Andrew Anagnost, President and CEO of Autodesk, emphasized the importance of resilience and collaboration in today's fast-evolving manufacturing landscape. He expressed excitement about the acquisition, stating, "The convergence of data and processes is reshaping the industry. By integrating Upchain into our portfolio, we aim to empower our customers with tools that enable them to effortlessly transfer data and unlock insights that drive innovation and business success." Upchain has developed a cutting-edge cloud platform designed to break down the traditional barriers between PLM and PDM technologies. Their solution enables manufacturers to manage complexity effectively by keeping data at the heart of the product development process. This approach aligns perfectly with Autodesk's vision of fostering greater collaboration across the entire product lifecycle. Scott Reese, Executive Vice President of Product Development and Manufacturing Solutions at Autodesk, echoed similar sentiments. He highlighted how this acquisition will help address some of the biggest challenges faced by modern manufacturers, such as overcoming collaboration hurdles and bridging gaps between data management and process management technologies. "In an era defined by constant disruption, having instant access to data across the product value chain empowers businesses to stay ahead of the curve," he noted. Upchain boasts a diverse clientele spanning multiple sectors including automotive, aerospace, industrial machinery, transportation, entertainment, and textiles/apparel. Its commitment to enhancing cloud collaboration has resonated strongly within these industries. John Laslavic, CEO and Founder of Upchain, shared his enthusiasm about joining forces with Autodesk. He remarked, "At Upchain, our mission has always been to elevate cloud collaboration throughout the entire product lifecycle. We're thrilled to partner with Autodesk because their shared vision aligns closely with ours—to simplify cross-industry collaboration and accelerate time-to-market for high-quality products." While the deal remains subject to standard closing conditions, it is anticipated to conclude during Autodesk's second quarter of fiscal year 2022, which ends on July 31, 2021. More details regarding this acquisition can be found in the accompanying PDF document available on Autodesk's official website. For those interested in learning more about Autodesk, it’s worth noting that the company specializes in creating software solutions tailored for creators worldwide. Whether it's designing luxury vehicles, constructing iconic buildings, developing advanced smartphones, or producing award-winning movies—millions of users leverage Autodesk's tools daily to bring their visions to life. This announcement comes amidst growing interest in digital transformation across various sectors. As industries continue to adapt to new realities post-pandemic, companies like Autodesk and Upchain are poised to play pivotal roles in shaping tomorrow's technological landscape. Stay tuned for further updates as both organizations embark on this exciting journey together!

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