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.