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As we continue to connect our clients' tools, workflows, and teams, we're committed to maximizing the value they derive from their Building Information Modeling (BIM) data. Not only does this foster more efficient practices, but it also leads to superior results for businesses and the built environment.
BIM serves as the cornerstone of digital transformation within the architecture, engineering, and construction (AEC) sector. That's why we've been concentrating heavily on developing an AEC cloud-based information model that ensures project data reaches the right individuals at the optimal times, accompanied by actionable insights that provide a competitive edge.
While pursuing our long-term vision for the industry cloud, we're also addressing immediate needs of our design-focused customers. I'm thrilled to announce that Autodesk has reached a definitive agreement to acquire UNIFI, a vital cloud-based software tool designed to organize, access, and manage content within Revit, Civil 3D, Plant 3D, and other digital design platforms. At present, aligning content across multiple projects is often a labor-intensive task, sometimes even consuming a full-time position. With UNIFI's advanced digital asset management features, our clients will enjoy quicker access to BIM content—anytime, anywhere.
Following the acquisition, existing UNIFI users will maintain full access to their products and support while we focus on integrating these solutions into our offerings. I'm equally enthusiastic about the benefits this brings to our global Autodesk customer base. UNIFI will enhance our current services, enabling users worldwide to extract greater value from their BIM data. Effectively managing project assets represents a crucial step towards achieving digital transformation goals. Looking forward, UNIFI's core technology will revolutionize how our customers operate by linking their data and providing essential insights throughout each stage of the project life cycle.
This acquisition positions us to support our clients effectively today and in the future. We anticipate the deal to close during Autodesk's first or second quarter of Fiscal Year 2024, depending on meeting specified conditions. It's important to note that until the acquisition is finalized and successfully integrated, any predictions regarding its impact remain speculative.
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