Payapps is delighted to share that Autodesk, a world leader in design and make technology, has entered into an agreement to acquire Payapps. This marks a pivotal milestone for Payapps and is a true reflection of the hard work and commitment of the entire Payapps team. This acquisition builds off the previous collaboration and strategic alignment between Payapps and Autodesk Construction Cloud which was announced in September 2022.
The construction sector is evolving at an unprecedented pace, with a growing demand for efficient, technology-driven solutions. Payapps has consistently led the charge in this area, working tirelessly to simplify and automate payment applications to enhance efficiency and accuracy.
Geoff Tarrant, Executive Chairman and Co-Founder of Payapps Ltd, commented, “Joining forces with Autodesk will further set our mission to bring even greater value to construction companies and their subcontractors around the word. This proposed acquisition represents more than just a business deal; it’s a union of aligned visions. Autodesk recognises the transformative power of Payapps’ technology in making construction payments more streamline, and together, we are committed to reshaping the industry. Our journey to date has been extraordinary, and this new chapter with Autodesk opens up exciting prospects for further growth and innovation.”
Learn more about the acquisition on Autodesk’s website.
As of Thursday 25th, January 2024, 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. 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.