en.Wedoany.com Reported, Autodesk announced on March 24 that it has agreed to acquire Rhumbix, a construction technology company focused on workforce and field productivity resource management. Amy Bunszel, Vice President of Autodesk's Architecture, Engineering, and Construction division, stated: "We know resource management is a key need for our construction customers, and Rhumbix brings a proven solution with strong industry adoption among self-performing general contractors, specialty contractors, and select heavy civil contractors. If our Rhumbix acquisition closes as expected, our long-term goal is to deepen workflows from the field to finance within Autodesk Forma, enhancing visibility from the worksite to project systems." The acquisition of this construction technology platform aims to strengthen data capture on construction sites and integration with backend processes.

Rhumbix's cloud-based construction technology platform is designed to help contractors with field data collection and backend process management, including timekeeping and payroll, daily reporting, time and materials management, safety, quality, production tracking, and reporting & analytics. Rhumbix had previously received an $8 million investment from Autodesk as part of its Forge Fund investments. Zach Scheel, CEO of Rhumbix, said: "Autodesk has long been a close partner of ours. We are highly aligned on the direction of the construction technology industry and what it takes to achieve our goals: solutions should improve project outcomes, streamline processes, and empower field teams—especially specialty contractors—to work more efficiently."

This acquisition coincides with the rebranding of Autodesk Construction Cloud to Forma. Both parties stated they will operate independently until the transaction closes; the terms of the acquisition were not disclosed. Founded in 2014 and headquartered in Lafayette, California, Rhumbix has raised approximately $54.02 million in total funding. The construction technology company previously participated in the construction of the Las Vegas Sphere entertainment venue, managing over 80,000 time and material tickets.

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