Fact Sheet
- Assemble Systems offers a Software-as-a-Service (SaaS) platform that serves as a central hub for integrating various construction data formats, such as Building Information Models (BIMs), architectural drawings, and point clouds. This tool empowers construction professionals to process, analyze, and link these datasets to essential project workflows, including bidding, cost estimation, project oversight, scheduling, field operations, and financial tracking.
- Currently, Assemble Systems' tools are utilized by 174 distinct clients across nearly 1,000 locations worldwide, contributing to over 12,700 active construction projects. One notable statistic is that one-fourth of the ENR 400's largest construction firms rely on Assemble Systems.
- Autodesk took the lead in Assemble Systems' Series A funding round, supported by Borealis Ventures and existing backers Satterfield Vintage Investments and Assemble Investments.
- Based in Salem, Massachusetts, within the greater-Boston area, Assemble Systems also maintains an office in Houston, Texas.
- The company employs approximately 55 individuals between its Salem and Houston locations.
- Primarily targeting North American markets, Assemble Systems operates exclusively in English.
- Key Leadership Team Members: Don Henrich (CEO), Mark Klusza (Chief Innovation Officer), Chris Gollihur (VP of Finance), Brent Ramos (Sales Director), Tim Kelly (Product Manager), Steve Bracy (Industry Marketing), Samira Tily (Marketing), and Arielle Ferguson (Business Manager).
- McKinsey reports that inefficient construction practices result in an annual loss of $1.6 trillion globally.
- A 2017 study conducted by Associated General Contractors of America in partnership with Sage Construction and Real Estate revealed that 85% of construction firms now utilize or intend to adopt cloud-based technologies. In contrast, a similar 2012 survey indicated only 16% viewed cloud computing as significant to their business.
For additional details, please refer to Autodesk’s official press release.
Frequently Asked Questions
What exactly is happening here?
A: On July 3, 2018, Autodesk announced its acquisition of Assemble Systems.
About Assemble Systems
Can you tell us more about Assemble Systems?
A: Assemble Systems provides a cloud-based software solution tailored for general contractors, facilitating construction activities throughout different stages of a project lifecycle. Its platform helps construction professionals refine, interrogate, and synchronize data across critical processes like tender management, budgeting, scheduling, field coordination, and financial control.
What is Assemble Systems’ origin story?
A: Founded in 2011, Assemble Systems originated as an internal initiative at Satterfield & Pontikes Construction before becoming independent. Headquartered in Salem, Massachusetts, it was specifically designed to address challenges faced by general contractors during complex construction projects.
Why did Autodesk decide to acquire Assemble Systems?
A: This acquisition aims to enhance connectivity between preconstruction planning and on-site execution phases while fostering stronger links among stakeholders involved in construction projects. It aligns with Autodesk’s broader strategy aimed at driving digital transformation within the construction sector.
What value does Assemble Systems add to Autodesk?
A: Both companies share numerous mutual clients. In the future, Autodesk intends to merge Assemble Systems’ offerings into its BIM 360 project management suite, creating seamless integration from conceptual design through execution stages. Streamlining early-stage preparations lays down solid foundations for subsequent stages of any given project lifecycle; thus, this merger strengthens Autodesk’s ability to deliver comprehensive end-to-end solutions under one unified umbrella service.
Does this mean there will be job cuts following the merger?
A: No layoffs are anticipated; all current employees have been extended offers to join Autodesk’s workforce moving forward.
Who leads Assemble Systems today?
A: The top leadership comprises Don Henrich (CEO), Mark Klusza (CIO), Brent Ramos (Sales Head), and Tim Kelly (Product Manager).
Will employees need to relocate after the takeover?
A: While no immediate relocation requirements exist for staff located either remotely or within Texas or Massachusetts regions, long-term plans suggest transitioning some teams towards Autodesk’s primary offices near Boston eventually. However, specific timelines remain undetermined at present.
Impact On Clients And Partners Post Acquisition
How might users benefit from this deal?
A: Eventually, Autodesk aims to fold Assemble Systems’ functionalities into its existing BIM 360 offerings, expanding availability internationally under the same branding framework. This collaboration ensures enhanced usability across all project life cycle stages while maintaining backward compatibility with legacy systems already deployed by existing clients.
What happens next regarding product distribution channels?
A: For now, Assemble Systems continues selling directly via established routes unchanged until further notice. Looking ahead, integration efforts will gradually phase out standalone offerings in favor of consolidated packages offered under Autodesk’s umbrella brand.
Are existing third-party integrations affected?
A: Yes, Autodesk commits fully respecting prior agreements made by Assemble Systems with partners like Procore Technologies Inc., Trimble Navigation Limited, Bluebeam Software Inc., FARO Technologies Inc., Apple Inc., Oracle Corporation, Leica Geosystems AG etcetera.
Where can I find more information?
- Customer Support: Contact your local account manager directly.
- Press Enquiries: Lauren Ginsberg - lauren@goldmansachs.com / Brian Farber - brian@autodesk.com
- Investor Relations: David Gennarelli - david@autodesk.com / William Wong - william@autodesk.com
- General Queries: Please visit www.autodesk.com/support/contact-us
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