Should Autodesk Shareholders Worry About Upstart Procore?

Autodesk (NASDAQ: ADSK) is the leading provider of software tools for the architecture, engineering, and construction (AEC) industry. Its biggest current initiative is trying to win the construction management software market through its suite of products called the Autodesk Construction Cloud.

The problem is, Autodesk is competing with the fast-growing privately help Procore Technologies to win customers in this market. Procore, which last raised money at a $5 billion valuation, has refiled its paperwork for an initial public offering (IPO) and will likely enter the public market soon.

Here's how investors should look at Procore and how the company might affect Autodesk over the long term.

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Source Fool.com