Bentley Systems

Last updated

Bentley Systems, Incorporated
Company type Public
Industry Computer software [1]
Founded1984;40 years ago (1984)
Founder
  • Keith A. Bentley
  • Barry J. Bentley
  • Raymond B. Bentley
Headquarters Exton, Pennsylvania, U.S.
Key people
Nicholas Cumins (CEO) [2]
Products Software
RevenueIncrease2.svg US$1 billion (2021)
Number of employees
4,500 (2022)
Website bentley.com

Bentley Systems, Incorporated is an American-based software development company that develops, manufactures, licenses, sells and supports computer software and services for the design, construction, and operation of infrastructure. The company's software serves the building, plant, civil, and geospatial markets in the areas of architecture, engineering, construction (AEC) and operations. Their software products are used to design, engineer, build, and operate large constructed assets such as roadways, railways, bridges, buildings, industrial plants, power plants, and utility networks. The company re-invests 20% of their revenues in research and development.

Contents

Bentley Systems is headquartered in Exton, Pennsylvania, United States, but has development, sales and other departments in over 50 countries. In 2021, the company generated revenue of $1 billion in 186 countries. [3]

Software

Bentley has three principal software product lines: MicroStation, ProjectWise, and AssetWise.[ citation needed ] Since 2014, some products have been based on the Microsoft Azure cloud computing platform. [4] [5] In 2024, it continues to sell software lines such as MicroStation and ProjectWise, as well as several dozen others such as SYNCHRO and OpenRoads Designer. [6]

History

Bentley Systems logo.svg
Retired logo and wordmark

Keith A. Bentley and Barry J. Bentley founded Bentley Systems in 1984. [7] They introduced the commercial version of PseudoStation in 1985, which allowed users of Intergraph's VAX systems to use low-cost graphics terminals to view and modify the designs on their Intergraph IGDS (Interactive Graphics Design System) installations. [8] Their first product was shown to potential users who were polled as to what they would be willing to pay for it. They averaged the answers, arriving at a price of $7,943. [9] A DOS-based version of MicroStation was introduced in 1986. [10]

In April 2002, Bentley filed for an initial public offering, [11] but it was withdrawn before taking effect. [12] In November 2016, German-based Siemens announced it would pay about $76 million for a minority stake in Bentley, as well as invest in developing joint software with it. [13] In September 2020, Bentley Systems sets terms of its IPO valuing the company at about $4.96 billion. The company would offer 10.75 million shares priced between $17 and $19 per share. [14] [15] In October 2024, Bentley Systems began using Google 2D and 3D geospatial content in some of its software. Nicholas Cumins was Bentley chief officer. [16]

Acquisitions

On June 18, 1997, Bentley acquired IdeaGraphix, a developer of MicroStation-based application software for architecture, engineering, and facilities management. [17] On January 15, 1998, Bentley acquired Jacobus. [18] On January 2, 2001, Bentley acquired Intergraph's civil engineering, plot-services and raster conversion software businesses. [19] On October 17, 2001, Bentley Systems bought Geopak design software for road and rail infrastructure. [20]

Bentley Systems acquired Rebis in 2003, [21] Infrasoft Corporation in 2003, [22] Haestad Methods, Inc. in 2004, [23] and then agreed to acquire netGuru's Research Engineers International (REI) business which included its STAAD structural analysis and design product line on August 31, 2005. [24] Bentley acquired GEF-RIS AG in 2006, [25] KIWI Software in 2007, [26] C.W. Beilfuss and Associates in 2007, [27] and TDV GmbH, an analysis and design software provider for bridge engineering, in May 2007. [28]

In early 2008, Bentley acquired Hevacomp, Ltd., [29] LEAP Software, Inc., [30] the promis•e product line from ECT International, [31] and Common Point for mainstream construction simulation. [32]

On October 13, 2009, Bentley added geotechnical and geoenvironmental capabilities with the acquisition of gINT Software. [33] On February 9, 2010, Bentley Systems announced two acquisitions: Exor Corporation and Enterprise Informatics. [34] On March 2, 2011, Bentley Systems acquired SACS software for offshore structural analysis from Engineering Dynamics, Inc. [35] Also in 2011, Bentley acquired FormSys [36] and Pointools Ltd., a British developer of point-cloud software technology. [37]

In 2012, Bentley acquired the elcoSystem software business of Hannappel Software, [38] as well as InspectTech Systems, USA, a provider of field inspection applications and asset management services for bridges and other transportation assets. [39] Also that year it acquired Canadian-based Ivara, [40] the Microprotol pressure vessel design and analysis software from EuResearch, [41] and SpecWave. [42] In 2013, Bentley acquired topoGRAPH, a provider of surveying software, [43] as well as the MOSES software business from Ultramarine. [44] On February 25, 2014, Bentley acquired DocQnet Systems’ eB Services BizDocQnet Systems. [45] Later that year, it acquired SITEOPS, optimization software for enhanced land development site design, from Blueridge Analytics. [46] Bentley acquired C3global for predictive modeling in 2015, [47] and also that year acquired Acute3D, [48] and the reality modeling creator e-on. [49]

In 2016, Bentley acquired the progressive assurance platform ComplyPro from UK-based ComplyServe. [50]

On January 23, 2018, Bentley acquired S-Cube Futuretech Pvt Ltd. to expand its offerings specific to the concrete engineering design and documentation software users in India, Southeast Asia, and the Middle East. [51] [52] On April 26, 2018, Bentley acquired Dutch geotechnical modelling company Plaxis B.V. [53] On July 15, 2018, Bentley acquired Canadian geotechnical modeling company SOILVISION Systems Ltd. in order to enhance its 3D geotechnical offerings. [53] Also in 2018, the company acquired Synchro, [54] Agency9, [55] LEGION, [56] ACE enterprise Slovakia, [57] and Alworx. [58]

In 2019, Bentley acquired SignCAD Systems, [59] Keynetix, [60] and Citilabs, Inc. & Orbit GeoSpatial Technologies. [61] In 2020, Bentley acquired UK based consultancy Professional Construction Strategies Group (PCSG), [62] and SRO Solutions. [62] In 2021, Bentley acquired Ontracks Consulting, [63] INRO Software, [64] SPIDA Software, [65] and Seequent Holdings Limited, [66] and in 2022 acquisitions included Power Line Systems, [67] ADINA R&D, Inc., [68] and Eagle.io. [69] In 2023, Bentley acquired Salt Lake City, Utah-based Blyncsy, a provider of breakthrough artificial intelligence services for departments of transportation to support operations and maintenance activities. [70] [71] In September 2024, Bentley announced the acquisition of Cesium GS, Inc., a provider of 3D geospatial software applications and platforms. [72]

Bentley Institute Press

Bentley Systems also is a publisher of textbooks and professional references for the architectural, engineering, and construction (AEC), operations, geospatial, and educational communities, under the name Bentley Institute Press.[ citation needed ]

Bentley Infrastructure 500

Since 2010, Bentley annually published a ranking of the top owners of infrastructure from both the public and private sectors. [73]

See also

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References

  1. ↑ Company Profile from Hoover’s: Bentley Systems, Incorporated | Company Profile from Hoover’s, Retrieved September 12, 2016
  2. ↑ Bentley newsletter on CEO change, July 1st 2024: Nicholas Cumins Takes Charge As CEO Of Bentley Systems, Ushering In A New Era, Retrieved August 12, 2024
  3. ↑ "Newsroom". Bentley Systems. Retrieved August 17, 2020.
  4. ↑ Pradeep (July 18, 2016). "Bentley Systems uses Microsoft Azure cloud services to advance infrastructure". MSPoweruser (Blog). Retrieved December 23, 2019.
  5. ↑ SPAR 3D: www.spar3d.com/news/software/vol12no45-bentley-announces-next-gen-connect-software-platform/, accessdate: September 7, 2016
  6. ↑ Software, Bentley Systems, 2024
  7. ↑ Section 10: CAD/CAM/CAE/CADD: Section 10: CAD/CAM/CAE/CADD Archived April 4, 2016, at the Wayback Machine , accessdate: September 14, 2016
  8. ↑ David E. Weisberg (2008). The Engineering Design Revolution : The People, Companies and Computer Systems That Changed Forever the Practice of Engineering (PDF). pp. 10–1. Archived from the original (PDF) on March 7, 2022. Retrieved September 12, 2016.
  9. ↑ Chris Barron, Friday Q&A: Chris Barron of Bentley Systems Archived April 17, 2009, at the Wayback Machine , Technically Philly, 2009
  10. ↑ Ranjit S. Sahai (June 1999). Teach yourself MicroStation J. Alpha Press. p. 10. ISBN   978-1-892658-00-5 . Retrieved September 14, 2016.
  11. ↑ "Form S-1: Registration Statement". United States Securities and Exchange Commission. April 23, 2002. Retrieved November 11, 2016.
  12. ↑ "Form RW: Registration Withdrawal Request". United States Securities and Exchange Commission. September 16, 2002. Retrieved November 11, 2016.
  13. ↑ Joseph N. DiStefano (November 10, 2016). "Siemens invests $130 million in Bentley Systems, pre-IPO". Philly.Com. Retrieved November 11, 2016.
  14. ↑ "Software developer Bentley Systems aims for near $5 billion IPO valuation". Reuters. September 15, 2020. Retrieved September 16, 2020.
  15. ↑ Kilgore, Tomi. "Bentley Systems sets IPO terms, to raise up to $204.3 million and be valued at nearly $5 billion". MarketWatch. Retrieved September 16, 2020.
  16. ↑ Garcia, Jing (October 20, 2024), Bentley Systems partners with Google, acquires Cesium, The Manila Times {{citation}}: CS1 maint: year (link)
  17. ↑ IdeaGraphix to be Acquired by Bentley Systems: IdeaGraphix to be Acquired by Bentley Systems, accessdate: August 18, 2016
  18. ↑ Bentley Acquires Jacobus and Strengthens Commitment to Plant Engineering and Design Industry; Sales of PlantSpace Software Show Impressive Growth in 1997. - Free Online Library Archived December 20, 2016, at the Wayback Machine , accessdate: August 18, 2016
  19. ↑ Bentley's acquires Intergraph's civil engineering, plot-services and raster-conversion software businesses: Bentley's acquires Intergraph's civil engineering, plot-services and raster-conversion software businesses, accessdate: August 18, 2016
  20. ↑ Philadelphia Business Journal: www.bizjournals.com/philadelphia/stories/2001/10/15/daily25.html, accessdate: August 18, 2016
  21. ↑ Software Equity Group’s Client, Rebis, Acquired by Bentley Systems: Software Equity Group’s Client, Rebis, Acquired by Bentley Systems, accessdate: August 18, 2016
  22. ↑ Free Online Library: Bentley to Acquire Infrasoft Corporation; Software and Services Company Specializes in Infrastructure Solutions for Civil Engineering. - Free Online Library Archived December 21, 2016, at the Wayback Machine , accessdate: August 18, 2016
  23. ↑ Business Wire: www.businesswire.com/news/home/20040802005686/en/Bentley-Acquires-Haestad-Methods, accessdate: August 18, 2016
  24. ↑ Geospatial World: www.geospatialworld.net/news-posts/bentley-agrees-to-acquire-staad-product-lines-from-netguru/, accessdate: August 18, 2016
  25. ↑ Bentley Acquires GEF-RIS AG: www.gim-international.com/content/news/bentley-acquires-gef-ris-ag, accessdate: August 18, 2016
  26. ↑ Houston Chronicle: www.chron.com/news/article/BW-Bentley-Acquires-KIWI-Software-to-Deliver-1839766.php, accessdate: August 18, 2016
  27. ↑ Business Wire: Bentley Acquires C.W. Beilfuss & Associates | Business Wire, accessdate: August 18, 2016
  28. ↑ Geospatial World: www.geospatialworld.net/news-posts/bentley-acquires-tdv-gmbh-analysis-and-design-software-provider-for-bridge-engineering/, accessdate: August 18, 2016
  29. ↑ Business Wire: Bentley Acquires Hevacomp, Ltd., Expanding Portfolio of Software to Improve Performance of Buildings, accessdate: August 18, 2016
  30. ↑ Business Wire: Bentley Acquires LEAP Software, Inc., Expanding Portfolio of Software for Analysis and Design of Concrete Bridges, accessdate: August 18, 2016
  31. ↑ Cadalyst: www.cadalyst.com/aec/news/bentley-acquires-promisampbulle-product-line-4479, accessdate: August 18, 2016
  32. ↑ Philadelphia Business Journal: www.bizjournals.com/philadelphia/stories/2008/05/26/daily19.html, accessdate: August 18, 2016
  33. ↑ Bentley Adds Geotechnical and Geoenvironmental Capabilities Through Acquisition of gINT Software: Bentley Adds Geotechnical and Geoenvironmental Capabilities Through Acquisition of gINT Software, accessdate: August 18, 2016
  34. ↑ Bentley Systems Announces Two Significant Acquisitions to Launch Its ’AssetWise’ Initiative for: Bentley Systems Announces Two Significant Acquisitions to Launch Its ’AssetWise’ Initiative for, accessdate: August 18, 2016
  35. ↑ "Bentley Acquires SACS, Leading Software for Offshore Structure Analysis | Sensors and Systems". sensorsandsystems.com. Retrieved August 27, 2024.
  36. ↑ ITWeb: www.itweb.co.za/index.php?option=com_content&view=article&id=49150, accessdate: August 18, 2016
  37. ↑ Kay, Peter (November 8, 2011). "Bentley Systems buys 2 software companies". www.bizjournals.com. Retrieved September 11, 2024.
  38. ↑ "Bentley Acquires elcoSystem software". automation.com. Retrieved August 27, 2024.
  39. ↑ "Bentley Acquires InspectTech". www.gim-international.com. Retrieved August 27, 2024.
  40. ↑ "Bentley acquire Canadian-based Ivara - Construction Week Online". September 19, 2012. Retrieved August 27, 2024.
  41. ↑ "Two Bentley acquisitions highlight emerging infrastructure data tsunami". GfxSpeak. November 12, 2012. Retrieved August 27, 2024.
  42. ↑ "Software designed for AECO professionals acquired". Consulting - Specifying Engineer. November 17, 2012. Retrieved August 27, 2024.
  43. ↑ Bentley Acquires topoGRAPH, a Leader in Surveying Software: https://www.bentley.com/en/about-us/news/2013/march/14/char-pointer, accessdate: August 18, 2016
  44. ↑ World Maritime News: worldmaritimenews.com/archives/94704/bentley-acquires-moses-software-business-from-ultramarine/, accessdate: August 18, 2016
  45. ↑ VARINDIA IT Magazine, Bentley acquires DocQnet Systems' eB Services Biz: VARINDIA IT Magazine, Bentley acquires DocQnet Systems' eB Services Biz, accessdate: August 18, 2016
  46. ↑ Geospatial World: Bentley acquires SITEOPS for BIM advancement - Geospatial World, accessdate: August 18, 2016
  47. ↑ Bentley buys C3global for predictive modeling : GraphicSpeak: Bentley buys C3global for predictive modeling, accessdate: August 18, 2016
  48. ↑ Bentley acquires Acute3D to extend Reality Modeling portfolio : GraphicSpeak: Bentley acquires Acute3D to extend Reality Modeling portfolio, accessdate: August 18, 2016
  49. ↑ "Bentley Acquires Reality Modeling Creator e-on". www.engineering.com. Retrieved December 17, 2020.
  50. ↑ "Bentley Systems' Acquisition of ComplyPro Includes Managed Services for Requirements Management of Infrastructure Capital Projects". ARC Advisory Group. November 1, 2016. Retrieved January 30, 2024.
  51. ↑ Bentley acquires S-Cube Futuretech Pvt. Ltd.https://www.vccircle.com/bentley-systems-acquires-vc-backed-software-products-firm-s-cube-futuretech/
  52. ↑ "Bentley buys S-Cube".
  53. 1 2 "Bentley Acquires Geotechnical Modeling Companies". www.engineering.com. Retrieved December 17, 2020.
  54. ↑ "Bentley Systems Acquires Synchro Software to Extend Digital Workflows for Infrastructure Project Delivery Through 4D Construction Modeling". www.businesswire.com. June 20, 2018. Retrieved February 6, 2020.
  55. ↑ "Bentley Acquires Agency9 to Realize Digital Twins for Every City". www.businesswire.com. October 15, 2018. Retrieved February 6, 2020.
  56. ↑ "Bentley Systems Acquires LEGION, Leading Pedestrian Simulation Software". www.businesswire.com. October 15, 2018. Retrieved February 6, 2020.
  57. ↑ "Bentley Systems announces acquisition of ACE enterprise Slovakia". Automation.com. Retrieved February 6, 2020.
  58. ↑ "Bentley Systems to acquire AIworx for IoT". GPS World. November 13, 2018. Retrieved February 6, 2020.
  59. ↑ "Bentley gets into street signs". Schnitger Corporation. February 12, 2019. Retrieved February 6, 2020.
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  61. ↑ "Bentley acquires Citilabs and Orbit Geospatial Technologies | BIM+". www.bimplus.co.uk. October 22, 2019. Retrieved February 6, 2020.
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  63. ↑ "The Cohesive Companies Announce the Acquisition of Ontracks Consulting, Leading North American Implementer of IBM Maximo". www.bentley.com. Retrieved August 26, 2021.
  64. ↑ "Bentley Systems Announces Acquisition of Mobility Simulation Leader INRO". www.bentley.com. April 14, 2021. Retrieved May 5, 2022.
  65. ↑ "Bentley Systems Announces Acquisition of SPIDA, Leader in Utility Pole Structure Management". www.bentley.com. June 14, 2021. Retrieved May 5, 2022.
  66. ↑ "Bentley Systems Completes Acquisition of Seequent, Global Leader in 3D Modeling Software for the Geosciences". Financial Post. June 17, 2021. Retrieved April 24, 2024.
  67. ↑ "Bentley Systems Completes Acquisition of Power Line Systems, Global Leader in Software for Power Transmission Engineering". www.bentley.com. January 31, 2022. Retrieved May 5, 2022.
  68. ↑ "Bentley Systems Announces Acquisition of ADINA to Extend Nonlinear Simulation throughout Infrastructure Engineering". www.bentley.com. April 7, 2022. Retrieved May 5, 2022.
  69. ↑ "Bentley Acceleration Initiatives Announces Acquisition of eagle.io, a Leader in Water and Environmental Monitoring" (PDF). www.bentley.com. August 9, 2022. Retrieved October 18, 2022.
  70. ↑ "Bentley Systems' iTwin Ventures Acquires Blyncsy, Breakthrough Innovator in AI Services for Transportation Operations and Maintenance". Yahoo Finance. August 14, 2023. Retrieved April 25, 2024.
  71. ↑ Iain (September 14, 2023). "Bentley Systems acquires Blyncsy to strengthen AI infrastructure". Transportation and Logistics International. Retrieved April 25, 2024.
  72. ↑ "Bentley Systems Acquires 3D Geospatial Company Cesium." Bentley Systems, 6 September 2024. bentley.com
  73. ↑ "Bentley Infrastructure 500 Index". Archived from the original on March 7, 2011. Retrieved February 23, 2011.

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