In a blog post on the Autodesk New Page, Jim Lynch announces the agreement for Autodesk to acquire Payapps.
The blog post states, “With this acquisition, Autodesk customers will benefit from leveraging technology that eases the burden of construction payment management in a process that is simpler, faster, and more efficient for all construction project stakeholders.”
The post ends with the following financial regulatory notice: “Autodesk’s proposed acquisition of Payapps Limited has not been completed; the completion of the proposed acquisition of Payapps Limited is uncertain and is subject to the satisfaction or waiver of various conditions. Prior to the completion of the proposed acquisition, Payapps Limited and Autodesk will continue to operate as separate companies. Subject to the timely satisfaction or waiver of the applicable conditions, Autodesk expects the proposed acquisition of Payapps Limited to complete during Autodesk’s first quarter of Fiscal Year 2025, ending April 30, 2024. Accordingly, it will have no material impact on Autodesk’s fourth quarter and fiscal year 2024 guidance presented on November 21, 2023. The foregoing descriptions of the contemplated effects of the proposed acquisition are subject to the acquisition’s completion and Autodesk’s ability to successfully integrate Payapps in all respects.”
Read the full blog post here: https://adsknews.autodesk.com/en/news/autodesk-to-acquire-payapps/
To view the original press release, please click here.
