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Autodesk acquires Upchain
Autodesk, the publicly-traded software company best known for its CAD and 3D modeling tools, today announced that it has acquired Upchain, a Toronto-based startup that offers a cloud-based product lifecycle management (PLM) service. The two companies, which didn’t disclose the acquisition price, expect the transaction to close by July 31, 2021.
Since its launch in 2015, Upchain raised about $7.4 million in funding, according to Crunchbase. The central idea behind the service was that existing lifecycle management solutions, which are meant to help businesses take new products from inception to production and collaborate with their supply chain in the process, were cumbersome and geared toward large multi-national enterprises. Upchain’s focus is on small and mid-sized companies and promises to be more affordable and usable than other solutions. Its customer base spans a wide range of industries, ranging from textiles and apparel to automotive, aerospace
Autodesk to Acquire Upchain to Accelerate Product Development Data and Processes in the Cloud
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SAN FRANCISCO, April 15, 2021 /PRNewswire/ Autodesk, Inc. (NASDAQ: ADSK) today announced it has signed a definitive agreement to acquire Upchain, a provider of instant-on, cloud-based product lifecycle management (PLM) and product data management (PDM) solutions. The acquisition positions Autodesk to deliver more value for engineers, manufacturers, suppliers and other product stakeholders by increasing collaboration across the decentralized product value chain, regardless of CAD system.
Acquisition positions Autodesk to deliver more value for engineers, manufacturers, suppliers and other product stakeholders by increasing collaboration across the decentralized product value chain, regardless of CAD system.