Autodesk to acquire minority stake in construction technology firm Aurigo

Autodesk Inc., the US-based multinational software services company, has said it will acquire a minority stake in Aurigo Software Technologies Inc., a US- and Bengaluru-based firm that develops software for infrastructure providers and owners. In a statement, the two companies announced that the stake acquisition by Autodesk is part of a larger strategic alliance. As part of this move, Aurigo will integrate itself with Autodesk Construction Cloud, a suite of construction management software and services. The two companies are moving toward the aim of providing clients with an end-to-end technology platform for the design, planning, construction and operations of private assets and infrastructure. However, neither Autodesk nor Aurigo disclosed the financial details of the stake acquisition or the larger alliance. Autodesk and Aurigo have very synergistic products, and our strategic alliance will allow us to deliver a full digital lifecycle experience for owners and contractors,” Balaji Sreenivasan, founder and CEO at Aurigo, said.