Innovyze, Inc.

Innovyze, Inc. , based in the US, delivers advanced software solutions for the water sector, specializing in hydraulic and hydrologic modeling and management systems to optimize water distribution and asset management for various clients. Founded in 1996, Innovyze, Inc. operates from Portland, US, providing software for the water industry.

The company was recently acquired by Autodesk in February 2021 for USD 1 billion in cash, which will bolster its growth through strategic investments. Innovyze has engaged in 2 total deals since its inception, with its latest deal occurring in 2021. Innovyze specializes in providing advanced software solutions designed for the water industry, focusing primarily on the modeling and management of hydraulic and hydrologic systems. Their core offerings include tools for designing and auditing drainage systems, creating integrated 1D/2D models for stormwater and wastewater systems, and developing operational digital twins of both wastewater and water distribution networks.

These products empower users to conduct comprehensive water distribution analysis, optimize planning and operations, and manage water and wastewater assets more effectively. Innovyze serves a diverse client base that includes municipalities, engineering firms, and water utilities across various geographical markets, including North America, Europe, Asia-Pacific, and the Middle East. Innovyze operates on a subscription-based revenue model, where clients, primarily from the public sector and engineering consultancies, pay for access to their software solutions. This transaction structure involves annual subscriptions for access to their flagship products, which include tools for real-time operational performance analytics and modeling solutions tailored for water treatment plants.

The firm engages in direct B2B transactions, wherein clients subscribe to their services for ongoing support, updates, and additional functionalities tailored to their operational needs, ensuring a steady revenue stream while addressing complex challenges within the water management sector. Following the acquisition by Autodesk, Innovyze plans to leverage the resources for expanding its product offerings and enhancing its software capabilities. The firm is focused on developing new products that cater to emerging needs in the water management sector, although specific launch dates have not yet been disclosed. The recent funding from Autodesk will be utilized to support these initiatives and enhance Innovyze's market presence, particularly in North America, Europe, and Asia-Pacific, where there is significant demand for advanced water management solutions.