Why Autodesk Just Spent $1.15 Billion On Two Construction Tech Startups

Autodesk’s construction software business is getting its second acquisition-fueled jolt of the past few weeks. The company announced on Thursday that it is acquiring startup BuildingConnected for $275 million.

The acquisition of BuildingConnected comes exactly one month after Autodesk announced plans to acquire PlanGrid, another construction tech startup, for $875 million in November (the deal closed today).