San Francisco – March 24, 2022 – Autodesk, Inc. (NASDAQ: ADSK) has announced it has entered into a definitive agreement to acquire The Wild, a cloud-connected extended reality (XR) platform known for its immersive solutions such as The Wild and IrisVR. This acquisition marks a significant step in Autodesk’s strategy to integrate advanced AR and VR technologies within the architecture, engineering, and construction (AEC) industry.
The Wild provides AEC professionals with tools to collaborate, present, and review projects in real-time, regardless of location. Its platforms offer an accessible and cost-effective way to enhance team collaboration, especially in today's evolving work environment where remote participation is increasingly common. By integrating The Wild’s technology, Autodesk aims to support its customers more effectively throughout the entire project lifecycle, ensuring seamless digital experiences that drive innovation and efficiency.
Serving over 700 global customers across its platforms, The Wild’s XR technologies provide an innovative way for teams to work together in virtual environments. This not only fosters better communication but also enables faster decision-making and reduces the need for costly travel. With the ability to make changes in real time, teams can streamline their workflows and improve project outcomes significantly.
“Our acquisition of The Wild reflects the rapid transformation taking place in the building industry,†said Andrew Anagnost, CEO and president of Autodesk. “XR is becoming essential for businesses, and it plays a crucial role in our Forge platform vision.â€
The Wild’s virtual platform allows teams to explore and interact with digital models directly in the cloud, leading to quicker decisions and better results at a fraction of the cost compared to traditional methods. This integration enhances the overall project delivery process by enabling real-time collaboration and reducing delays caused by physical constraints.
Gabe Paez, founder and CEO of The Wild, added, “The Wild and Autodesk share a common mission to foster a more productive and collaborative AEC industry. Our customers appreciate the value of virtual collaboration, which allows teams to resolve issues quickly and efficiently without the need for extensive travel.â€
Black & Veatch, a global leader in engineering and construction, highlights how The Wild’s IrisVR and Autodesk solutions help their teams deliver projects worldwide. By leveraging immersive virtual meetings, Black & Veatch improves engagement and collaboration among stakeholders, leading to better safety awareness and project understanding.
“As remote collaboration becomes the norm, systems like Autodesk Construction Cloud and The Wild’s IrisVR platform are helping us deliver world-class projects regardless of our professionals’ locations,†said Brian Melton, Technology Innovation Lead at Black & Veatch. “This kind of immersive experience is a game-changer, allowing us to meet virtually within the project design environment and make informed decisions.â€
Why XR Now?
Nic Fonta, General Manager of XR at Autodesk, explained, “A convergence of factors makes this the right time for Autodesk’s acquisition of The Wild. The growing accessibility and affordability of XR, along with the future of digital twins and the metaverse, create the perfect environment for advancing XR technology within the AEC industry.â€
- Resiliency: The pandemic has increased the need for remote collaboration, making XR solutions essential for keeping teams connected and projects moving forward.
- Accessibility and Affordability: With VR and AR headsets now more affordable, and smartphones supporting AR, XR is becoming more accessible than ever before.
- Sustainability: Virtual collaboration reduces the need for travel, lowering carbon emissions and minimizing material waste, contributing to a more sustainable approach to project delivery.
The Wild and IrisVR integrate data from various AEC technologies, providing powerful tools for design review and model coordination. These integrations include Autodesk Construction Cloud, Revit, Navisworks, and other industry-standard software, offering a comprehensive solution for AEC professionals.
About Autodesk: Autodesk is transforming how the world is designed and made. From greener buildings to smarter products, our software empowers innovators everywhere to solve challenges big and small. For more information, visit autodesk.com or follow @autodesk.
Contacts: For Media: Brian Farber Stacy Doyle For Investors: Simon Mays-Smith
Safe Harbor Statement This press release contains forward-looking statements regarding the proposed acquisition of The Wild by Autodesk. These statements involve risks and uncertainties, and actual results may differ materially. For more information on potential factors affecting Autodesk's future performance, refer to its filings with the SEC, available at www.sec.gov. These statements are made as of March 23, 2022, and Autodesk disclaims any obligation to update them.
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