**SAN FRANCISCO, February 24, 2021** – Autodesk, Inc. (NASDAQ: ADSK), a global leader in design and engineering software, announced today that it has reached a final agreement to acquire Innovyze, a Portland, Oregon-based company renowned for its advanced water infrastructure software solutions. The deal is valued at $1 billion, adjusted for cash and certain working capital and tax considerations. This acquisition strengthens Autodesk's position as a pioneer in comprehensive water infrastructure solutions spanning design to operations, accelerates its digital twin initiatives, and paves the way for a more sustainable and technologically advanced water sector. **Read the latest updates here.** Innovyze specializes in cutting-edge modeling, simulation, and predictive analysis tools that empower water distribution networks, wastewater systems, treatment facilities, and flood mitigation projects to be more efficient and environmentally friendly. Their solutions also centralize asset visibility, reducing both capital and operational expenses. By integrating Innovyze's expertise with Autodesk’s robust design and analysis platforms like Civil 3D, InfraWorks, and the Construction Cloud, civil engineers, utilities, and water specialists can address challenges more effectively and enhance strategic planning. With over three decades of experience, Innovyze has earned the trust of approximately 3,000 clients worldwide, including major utility providers in some of the most populous cities across five continents. They also serve a significant portion of the Engineering News-Record’s top design firms and prominent environmental consulting agencies. Currently, more than two billion individuals lack consistent access to safe drinking water at home, and projections indicate that by 2025, over two-thirds of the global population will live in water-stressed regions. Andrew Anagnost, Autodesk’s president and CEO, remarked, “Achieving a sustainable future hinges on responsible water management. With an estimated $1.9 trillion needed by 2030 to meet global water infrastructure demands, this acquisition allows us to innovate in ways that can transform how systems are conceived, constructed, and maintained.” Amy Bunszel, Executive Vice President of AEC Design Solutions at Autodesk, added, “Every year, nearly nine trillion gallons of water are wasted globally due to leaks and pipe failures. Innovyze’s suite of operational analytics, distribution modeling, and asset management tools empowers us to detect and prevent crises before they arise.” Colby Manwaring, Innovyze’s CEO, highlighted, “For 35 years, Innovyze has been quietly enhancing everyday life by ensuring clean water reaches millions while managing waste and floods. Given Autodesk’s ubiquitous role in shaping the built environment, combining our strengths aligns perfectly with meeting the needs of billions worldwide.” Additional details regarding the acquisition can be found in the accompanying PDF document. Please note that the transaction remains contingent upon standard closing conditions and is anticipated to conclude during Autodesk’s first fiscal quarter of 2022, concluding on April 30, 2021. --- **About Autodesk** Autodesk crafts software for creators—people who build the world around us. Whether it’s a sleek sports car, a towering skyscraper, or a blockbuster movie, our tools play a part in countless achievements. We believe in empowering everyone to imagine and create limitless possibilities. Learn more at [autodesk.com](https://www.autodesk.com/) or follow us on Twitter [@autodesk](https://twitter.com/autodesk). --- **Forward-Looking Statements** This press release includes forward-looking statements involving risks and uncertainties. These include predictions about the Innovyze acquisition timeline, impacts on business performance, product and service enhancements post-acquisition, and broader strategic goals. Actual outcomes may differ materially due to factors such as integration challenges, unforeseen costs, evolving market dynamics, and regulatory compliance. For further insights, refer to Autodesk’s Form 10-K and subsequent Forms 10-Q filed with the SEC. We assume no obligation to update these forward-looking statements. --- *Trademark Information:* Autodesk, Civil 3D, and InfraWorks are either registered trademarks or trademarks of Autodesk, Inc., and/or its subsidiaries or affiliates in the U.S. and/or other countries. Other brand names and product names are trademarks of their respective owners. All rights reserved.*

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