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SAN FRANCISCO, Dec. 16, 2021 — Autodesk, Inc. (NASDAQ: ADSK) has announced a major move in the construction technology space with the acquisition of ProEst, a leading cloud-based estimating platform. This strategic purchase is set to enhance Autodesk Construction Cloud by integrating ProEst’s powerful tools for creating estimates, performing digital takeoffs, generating detailed reports, and managing bid processes. By bringing these capabilities into its existing platform, Autodesk aims to provide construction teams with a more unified and efficient way to handle preconstruction and construction workflows.
ProEst, which serves well-known clients such as Geisinger, O’Brien Construction, Vantis, and Oswald, allows users to quickly convert project drawings, specs, and models into accurate cost estimates for materials, labor, and equipment. This not only speeds up the estimation process but also helps reduce risks and improve the chances of winning bids. The cloud-based nature of ProEst means that teams can access and share estimating data from anywhere, at any time, making collaboration smoother and more flexible.
Luis Berumen, vice president of innovation and technology at Bartlett Cocke General Contractors, emphasized how this integration will help his team deliver projects faster and more efficiently. "Autodesk Construction Cloud already helps us manage our projects better," he said. "Adding ProEst’s estimating tools will further boost our ability to deliver quality work on time and within budget."
Manny Innamorato, CIO at the New York City School Construction Authority, echoed similar sentiments, highlighting the importance of seamless data flow between estimation and construction phases. "With ProEst, we can now connect our estimating data more effectively with downstream workflows," he explained. "This will help us stay on track and meet our mission of building safe, high-quality schools in a cost-effective way."
The acquisition adds to Autodesk's growing portfolio of construction solutions, including Autodesk Takeoff, BIM Collaborate, Build, and BuildingConnected. These tools are designed to streamline project management, improve collaboration, and increase efficiency across the entire construction lifecycle.
Jim Lynch, senior vice president and general manager of Autodesk Construction Solutions, noted that estimation is often a disconnected and error-prone process. "By integrating ProEst, we can ensure that accurate estimates are connected with the rest of the project data, reducing the risk of delays and overruns," he said.
Jeff Gerardi, founder and CEO of ProEst, shared his excitement about joining Autodesk. "We’ve always aimed to modernize the construction estimating process," he said. "Working with Autodesk gives us the opportunity to scale our vision and bring even more value to construction professionals."
In recent years, Autodesk has made several key acquisitions in the construction tech space, including Assemble, BuildingConnected, PlanGrid, and Pype, demonstrating its commitment to transforming the industry through digital innovation.
The transaction is expected to close during Autodesk’s fourth quarter of fiscal 2022, with no material impact on its financial guidance for the period.