San Francisco – March 24, 2022 – Autodesk, Inc. (NASDAQ: ADSK) has announced its decision to enter a definitive agreement to acquire The Wild, an innovative cloud-connected extended reality (XR) platform known for its immersive tools like The Wild and IrisVR. This strategic move aims to enhance the AEC industry's capabilities in augmented and virtual reality, enabling more efficient project collaboration and review across global teams. The Wild offers a powerful solution for architects, engineers, and construction professionals, allowing them to present, collaborate, and review projects in real-time, regardless of location. With over 700 customers worldwide, this acquisition will allow Autodesk to provide even greater support throughout the entire project lifecycle, meeting the growing demand for AR and VR technologies within the industry. "The rapid transformation happening in the building industry demands new tools that can handle complex projects and diverse teams," said Andrew Anagnost, CEO and president of Autodesk. "XR is no longer just a luxury—it’s a necessity, and it aligns perfectly with our Forge platform vision." The Wild’s cloud-based platform enables teams to work directly within digital models, making changes and exploring designs in real time. This not only speeds up decision-making but also reduces costs associated with traditional in-person collaboration methods. Gabe Paez, founder and CEO of The Wild, added, "Our shared mission with Autodesk is to make the AEC industry more productive and collaborative. The Wild empowers teams to resolve issues quickly, right from their desks, rather than through costly and time-consuming travel." Black & Veatch, a leading engineering and construction firm, has been using The Wild’s IrisVR alongside Autodesk solutions to streamline workflows and improve team engagement. Brian Melton, Technology Innovation Lead at Black & Veatch, noted, "The ability to meet virtually within the design environment enhances safety, coordination, and overall project success." Nic Fonta, General Manager of XR at Autodesk, emphasized that the timing is ideal for this acquisition. "Advancements in digital twins, the metaverse, and the affordability of XR technology have created the perfect environment for growth in the AEC industry," he said. The Wild and IrisVR integrate seamlessly with various AEC tools, including Autodesk Construction Cloud, Revit, and Navisworks, as well as other platforms like Rhinoceros and Trimble SketchUp. For more details on integrations, visit The Wild and IrisVR. About Autodesk Autodesk is revolutionizing how the world is designed and made. From architecture to entertainment, our software empowers innovators to solve complex challenges and create a better future. Learn more at autodesk.com or follow us on @autodesk. Contacts For Media: Stacy Doyle For Investors: Safe Harbor Statement This press release contains forward-looking statements regarding the proposed acquisition of The Wild by Autodesk. These statements are subject to risks and uncertainties that could cause actual results to differ materially. For more information, refer to Autodesk's filings with the SEC. Fluorine-containing High-purity Electronic Special Gas
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Brian Farber
Brian.Farber@autodesk.com
Stacy.Doyle@autodesk.com
Simon Mays-Smith
Simon.Mays-Smith@autodesk.com