Autodesk bought Innovyze for $ 1 billion, a well-known US developer of software for the design of water supply, sanitation and water management on the ground, i.e., all structures for water infrastructure.
Innovyze was founded in 1996, merged with Wallingford Software in 2009, and changed its name in 2011: it is now composed of innovation and analysis. Innovyze has 240 employees, about half of whom are in research and development. The company is moving its software to the cloud and adopting artificial intelligence and machine learning, which are highly regarded at Autodesk and contributed to the acquisition.
However, the main thing in Innovyze is not so much trending architecture and progressive technologies, but substantial specialization associated with many aspects of water resources organization and management. The lack of quality water has been recognized by the UN as a problem around the world. According to the US Environmental Protection Agency, 25% of the world's population lives in countries experiencing "severe water shortages." Global investments to overcome this problem are expected to reach several trillion dollars in the next decade. The following keywords appear in the company's solutions section: modeling of flows, sewerage and flood networks, modeling and management of water distribution, design of drainage systems, etc.