Another Acquisition in the PLM Space
Industrial software provider Autodesk has announced its intention to purchase Toronto-based cloud product life cycle management (PLM) supplier Upchain. The acquisition price is not publicly available but is expected to close by July 31, 2021.
Competitive pressures to effectively launch and manage new products will fuel spending on PLM software to be worth US$5.8 billion in 2026. Digital transformation necessitates that manufacturers connect their data sources together in order to effectively launch and manage products, and PLM software is a key application for connecting and sharing data among disparate parts of the manufacturing value chain (design, engineering, manufacturing, quality management, marketing, supply chain, etc.).
SMBs are moving away from paper-based solutions and looking to formalize product planning processes but traditional PLM systems can appear too complex. For Autodesk, acquiring a firm that focuses on the small-to-medium business (SMB) segment in Upchain adds to the company’s installed base in this segment of the market. Autodesk is not the only l…
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