Autodesk announced on March 24 that it has agreed to acquire Rhumbix, a construction technology company specializing in labor resource management and field productivity.
“We know that resource management is a critical need for our construction customers, and Rhumbix offers a proven solution with strong industry adoption among self-executing general contractors, specialty contractors, and select heavy civil contractors,” Autodesk VP of AEC Amy Bunszel wrote in a blog post. “Should our proposed acquisition of Rhumbix close as expected, our long-term intent is to deepen field-to-fund workflows within Autodesk Forma, strengthening visibility of work across project systems.”
The Rhumbix cloud-based platform is designed for contractors with field data collection and back-end processes for time and payroll, daily reporting, time and materials management, safety, quality, production tracking and reporting and analytics.
Autodesk renames ACC as Form
The rebranding of Autodesk Construction Cloud’s project management cloud platform as Forma was announced at the same time as the acquisition of Rhumbix, and the San Francisco-based construction and design software giant announced as part of its commitment to strengthen field construction workflows through its tools.
Autodesk had previously invested $8 million in the startup as part of its Forge Fund investments.
“Autodesk has been a close partner of ours for a long time,” Rhumbix CEO and co-founder Zach Scheel said in his own statement. “We share deep alignment on where the construction industry is headed and what it takes to get there: solutions that improve project outcomes, streamline processes, and empower teams in the field, especially specialty contractors, to work more efficiently, building on Autodesk’s strong foundation with the general contractor.”
The two parties said they would operate independently until the transaction closes and the terms of the acquisition agreement are disclosed.
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