A construction technology software company specializing in infrastructure capital planning and financials has formed a partnership with Autodesk to develop cloud-based solutions for a project's lifecycle, from design to operations and maintenance.
Aurigo Software announced April 14 it will integrate with Autodesk Construction Cloud to give clients a single end-to-end technology platform for design, planning, construction and operations of infrastructure. As part of the alliance, Autodesk will acquire a minority stake in privately held Aurigo.
“The present climate of uncertainty and risk further increases the need for owners and contractors to leverage modern cloud software to plan, construct and maintain infrastructure assets that are considered absolutely essential to the nation, said Balaji Sreenivasan, CEO and founder of Aurigo, in a statement. “Autodesk and Aurigo have very synergistic products, and our strategic alliance will allow us to deliver a full digital lifecycle experience for owners and contractors.”
Aurigo experienced year-over-year revenue growth in 2019 of approximately 80%. Its flagship product, Aurigo Masterworks, is used by owners across North America alone to plan and deliver more than $300 billion in capital programs.
Jim Lynch, VP and GM of Autodesk Construction Solutions, says the companies have been in discussion since mid-2019. “Ultimately we’re going to integrate them with our construction cloud,” he says. “We will ... bring down data silos between owners and the supply chain.”
Sreenivasan notes the alliance will increase Autodesk’s connection to public infrastructure agencies and Aurigo’s market share into Europe, Asia and other areas outside of North America.
The companies are beginning to integrate Aurigo Masterworks and Autodesk’s BIM 360 and PlanGrid, and plan to release new products starting in May.