(Reuters) – Autodesk Inc on Tuesday said it would take a minority stake in a Texas company that makes software for planning and building infrastructure projects such as roads and bridges.
San Rafael, California-based Autodesk said it would invest in Aurigo Software, which sells cloud-based software to governments, water authorities, airports and others that build large projects. Autodesk is the biggest maker of software for designing three-dimensional objects ranging from automotive parts to skyscrapers.
Autodesk has been seeking to expand deeper into infrastructure projects, where its tools are used to design and engineer structures. But Aurigo, based in Austin, Texas, has a bigger share of the market in software that infrastructure owners use for estimating costs and constructing the projects, Autodesk Chief Executive Andrew Anagnost told Reuters in an interview.
Autodesk would not comment on the size of the deal, but Aurigo made a filing with regulators on April 2 saying it had…
Source Reuters Tech News
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