Autodesk $ADSK has been showing up on my scans recently.
I used to work for a MOD contractor and support Autodesk a long time ago.
To me it was the defacto CAD software at the time.
Reading the Stocktwits newsletter this morning they had a piece about it, so I fired up Koyfin and took a look.
Autodesk is up +78,000% from its IPO.
Clearly not just a company that writes CAD software.
They have created the construction cloud with https://www.buildingconnected.com/
“On Tuesday, Autodesk announced the international expansion of BuildingConnected, a construction management solution that smoothes the bidding process and embraces the Autodesk Construction Cloud builders network, a crowdsourced network of construction professionals. Owners and general contractors utilize BuildingConnected to find trade partners and identify proper subcontractors. With its expansion, the BuildingConnected solution is now accessible in the United Kingdom, Ireland, Australia and New Zealand.
Jim Lynch, vice president and general manager of Autodesk Construction Solutions had this to comment:
There are more than one million construction professionals on the BuildingConnected network in North America alone, with over 2,000 general contractors and owners actively bidding out projects – totaling $56 billion in project values each month. BuildingConnected effectively replaces an antiquated approach that has relied on Rolodexes and spreadsheets, and ensures the right teams are in place for every kind of construction project, whether a commercial building, data center, medical facility or infrastructure project. As BuildingConnected further expands internationally, we want to empower construction firms around the world with the resources they need to increase productivity and decrease project risk.”
CAD software was their business.
Its just a string in their bow.