Photo courtesy of Autodesk Balfour Beatty work crew with Vela Systems on an iPad The acquisition by Autodesk of Vela Systems on June 8 pulls into Autodesk's orbit a company known for leveraging cloud computing and mobile devices to link building information modeling with the physical activities of construction.Terms of the deal were not disclosed, but Jim Lynch, vice president of Autodesk's Building & Strategic Technology Group, says after three years of partnering and working together, Autodesk approached Vela with the proposal and they came to terms quickly. "We signed and closed the acquisition in one day," Lynch says. "We
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.