**SAN FRANCISCO, April 15, 2021 –** Autodesk, Inc. (NASDAQ: ADSK) has officially entered into a binding agreement to acquire Upchain, a leading provider of instant-on, cloud-based product lifecycle management (PLM) and product data management (PDM) solutions. This strategic move is set to enhance collaboration across the decentralized product development ecosystem, enabling engineers, manufacturers, suppliers, and other stakeholders to work more efficiently—regardless of the CAD system they use.
We have successfully completed the acquisition of Upchain. Learn more about it here.
Upchain has developed a cloud-native platform that breaks down traditional barriers in PLM and PDM systems, allowing manufacturers to manage complexity by centralizing data throughout the product development process. “Resilience and collaboration are more important than ever for manufacturers navigating increasingly complex product development challenges,” said Andrew Anagnost, President and CEO of Autodesk. “We’re committed to delivering the most comprehensive cloud-based design and manufacturing platform to meet these evolving needs. The integration of data and processes is reshaping the industry, and with Upchain, our customers will be able to seamlessly transfer data and unlock valuable insights that drive innovation and business success.” Autodesk will continue to support Upchain’s open approach to data, ensuring compatibility not only with its own tools like Inventor, AutoCAD, and Fusion 360, but also with a wide range of third-party CAD systems used in the manufacturing sector. “Acquiring Upchain is a major step forward in helping our customers overcome collaboration hurdles and bridge the gap between data and process management,” said Scott Reese, Executive Vice President of Product Development and Manufacturing Solutions at Autodesk. “In today’s fast-paced manufacturing landscape, being able to access real-time data across the entire product value chain is key to staying agile and bringing products to market faster.” Upchain serves a broad range of industries, including automotive, aerospace, industrial machinery, transportation, entertainment, and textiles and apparel. “We’ve always focused on improving cloud collaboration across the entire product lifecycle, making sure everyone has the right data when they need it,” said John Laslavic, CEO and Founder of Upchain. “Autodesk shares our vision of simplifying how engineers and manufacturers work together, accelerating time-to-market for high-quality products. I’m excited to see what we can achieve together in the coming years.” For more details, you can view the full press release in PDF format here. The transaction is subject to customary closing conditions and is expected to be finalized during Autodesk’s second quarter of fiscal year 2022, which ends on July 31, 2021. **About Autodesk** Autodesk creates software that empowers people to bring their ideas to life. From high-performance cars to skyscrapers, smartphones, and blockbuster films, millions of Autodesk users rely on our tools to make things better. Visit [autodesk.com](http://www.autodesk.com) or follow us on [@autodesk](https://twitter.com/autodesk) for more information. **Safe Harbor Statement** This press release contains forward-looking statements that involve risks and uncertainties. These statements include, but are not limited to, expectations regarding the planned acquisition of Upchain, the impact of the acquisition on Autodesk's business performance, and the future capabilities of both companies’ products and services. Actual results may differ materially due to various factors, including the successful integration of Upchain, changes in market conditions, competitive dynamics, and other risks detailed in Autodesk’s filings with the U.S. Securities and Exchange Commission. Autodesk does not assume any obligation to update these forward-looking statements.

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