Bentley Systems

From Wikipedia, the free encyclopedia
Bentley Systems, Inc.
TypePublic
Nasdaq: BSY
IndustryComputer Software.[1]
Founded1984; 37 years ago (1984)
Exton, Pennsylvania
HeadquartersExton, Pennsylvania
Key people
Greg Bentley, CEO
Keith A. Bentley, Co-Founder
Barry J. Bentley, Co-Founder
Raymond B. Bentley, Co-Founder
ProductsSoftware
RevenueIncrease US$801.5 million (2020)
Number of employees
3,800 (2020)
Websitewww.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[2]

Bentley Systems is headquartered in Exton, Pennsylvania, United States, but has development, sales and other departments in over 50 countries. The company had revenues of $700 million in 2018.[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]

History[]

Keith A. Bentley and Barry J. Bentley founded Bentley Systems in 1984.[6] 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.[7] 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.[8] A DOS-based version of MicroStation was introduced in 1986.[9]

Acquisitions[]

  • On June 18, 1997, Bentley acquired IdeaGraphix, a developer of MicroStation-based application software for architecture, engineering, and facilities management.[10]
  • On January 15, 1998, Bentley acquired Jacobus.[11]
  • On January 2, 2001, Bentley acquired Intergraph's civil engineering, plot-services and raster conversion software businesses.[12]
  • On October 17, 2001, Bentley Systems bought Geopak design software for road and rail infrastructure.[13]
  • On July 30, 2002, Bentley Systems acquired Rebis.[14]
  • On January 6, 2003, Bentley announced it would acquire Infrasoft Corporation.[15]
  • On August 2, 2004, Bentley acquired Haestad Methods, Inc.[16]
  • On August 31, 2005, Bentley agreed to acquire netGuru's Research Engineers International (REI) business which included its STAAD structural analysis and design product line.[17]
  • On June 6, 2006, Bentley acquired GEF-RIS AG.[18]
  • On January 29, 2007, Bentley acquired KIWI Software.[19]
  • On May 12, 2007, Bentley acquired C.W. Beilfuss and Associates.[20]
  • On May 9, 2007, Bentley acquired TDV GmbH, an analysis and design software provider for bridge engineering.[21]
  • On January 22, 2008, Bentley acquired Hevacomp, Ltd.[22]
  • On January 24, 2008, Bentley acquired LEAP Software, Inc.[23]
  • On January 29, 2008, Bentley acquired promis•e product line from ECT International.[24]
  • On May 28, 2008, Bentley Systems acquired Common Point for mainstream construction simulation.[25]
  • On October 13, 2009, Bentley added geotechnical and geoenvironmental capabilities with the acquisition of gINT Software.[26]
  • On February 9, 2010, Bentley Systems announced two acquisitions: Exor Corporation and Enterprise Informatics.[27]
  • On March 2, 2011, Bentley Systems acquired software for offshore structural analysis from Engineering Dynamics, Inc.[28]
  • On December 10, 2011, Bentley acquired FormSys.[29]
  • On November 8, 2011, Bentley acquired Pointools Ltd., an England developer of point-cloud software technology.[30]
  • On March 7, 2012, Bentley acquired the elcoSystem software business of Hannappel Software.[31]
  • On May 18, 2012, Bentley acquired InspectTech Systems, USA, a provider of field inspection applications and asset management services for bridges and other transportation assets.[32]
  • On September 19, 2012, Bentley acquired Canadian-based Ivara.[33]
  • On November 12, 2012, Bentley acquired the Microprotol pressure vessel design and analysis software from EuResearch.[34]
  • On November 13, 2012, Bentley acquired SpecWave.[35]
  • On March 14, 2013, Bentley acquired topoGRAPH, a provider of surveying software.[36]
  • On October 8, 2013, Bentley acquired the MOSES software business from Ultramarine.[37]
  • On February 25, 2014, Bentley acquired DocQnet Systems’ eB Services BizDocQnet Systems.[38]
  • On September 26, 2014, Bentley acquired SITEOPS, optimization software for enhanced land development site design, from Blueridge Analytics.[39]
  • On January 14, 2015, Bentley acquired C3global for predictive modeling.[40]
  • On February 10, 2015, Bentley acquired Acute3D.[41]
  • On February 15, 2015, Bentley acquired reality modeling creator e-on.[42]
  • 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.[43][44]
  • On April 26, 2018, Bentley acquired Dutch geotechnical modelling company Plaxis B.V.[45]
  • On July 15, 2018, Bentley acquired Canadian geotechnical modeling company SOILVISION Systems Ltd. in order to enhance its 3D geotechical offerings.[45]
  • On June 20, 2018, Bentley acquired Synchro [46]
  • On October 15, 2018, Bentley acquired Agency9[47]
  • On October 15, 2018, Bentley acquired LEGION[48]
  • On November 12, 2018, Bentley acquired ACE enterprise Slovakia[49]
  • On November 13, 2018, Bentley acquired Alworx[50]
  • On February 11, 2019, Bentley acquired SignCAD Systems[51]
  • On May 13, 2019, Bentley acquired Keynetix[52]
  • On October 22, 2019, Bentley acquired Citilabs, Inc. & Orbit GeoSpatial Technologies [53]
  • On March 23, 2021, Bentley acquired Ontracks Consulting[54]

In April 2002, Bentley filed for an initial public offering,[55] but it was withdrawn before taking effect.[56] 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.[57]

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.[58][59]

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.[60][61]

Bentley Infrastructure 500[]

Main article: Bentley Infrastructure 500

Since 2010, Bentley annually published a ranking of the top owners of infrastructure from both the public and private sectors.[62]

References[]

  1. ^ Company Profile from Hoover’s: Bentley Systems, Incorporated | Company Profile from Hoover’s, Retrieved September 12, 2016
  2. ^ http://www.bentleyannualreport-digital.com/bentleyannualreport/annual_report_2014?search_term=revenue&doc_id=-1&search_term=revenue&pg=4#pg4 2014 Bentley Systems Annual Report[permanent dead link]
  3. ^ "Newsroom". Bentley Systems. Retrieved 17 August 2020.
  4. ^ Pradeep (18 July 2016). "Bentley Systems uses Microsoft Azure cloud services to advance infrastructure". MSPoweruser (Blog). Retrieved 23 Dec 2019.
  5. ^ SPAR 3D: www.spar3d.com/news/software/vol12no45-bentley-announces-next-gen-connect-software-platform/, accessdate: September 7, 2016
  6. ^ Section 10: CAD/CAM/CAE/CADD: Section 10: CAD/CAM/CAE/CADD Archived 2016-04-04 at the Wayback Machine, accessdate: September 14, 2016
  7. ^ 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. Retrieved 12 September 2016.
  8. ^ Chris Barron, Friday Q&A: Chris Barron of Bentley Systems Archived 2009-04-17 at the Wayback Machine, Technically Philly, 2009
  9. ^ Ranjit S. Sahai (June 1999). Teach yourself MicroStation J. Alpha Press. p. 10. ISBN 978-1-892658-00-5. Retrieved 14 September 2016.
  10. ^ IdeaGraphix to be Acquired by Bentley Systems: IdeaGraphix to be Acquired by Bentley Systems, accessdate: August 18, 2016
  11. ^ Bentley Acquires Jacobus and Strengthens Commitment to Plant Engineering and Design Industry; Sales of PlantSpace Software Show Impressive Growth in 1997. - Free Online Library, accessdate: August 18, 2016
  12. ^ 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
  13. ^ Philadelphia Business Journal: www.bizjournals.com/philadelphia/stories/2001/10/15/daily25.html, accessdate: August 18, 2016
  14. ^ Software Equity Group’s Client, Rebis, Acquired by Bentley Systems: Software Equity Group’s Client, Rebis, Acquired by Bentley Systems, accessdate: August 18, 2016
  15. ^ Free Online Library: Bentley to Acquire Infrasoft Corporation; Software and Services Company Specializes in Infrastructure Solutions for Civil Engineering. - Free Online Library, accessdate: August 18, 2016
  16. ^ Business Wire: www.businesswire.com/news/home/20040802005686/en/Bentley-Acquires-Haestad-Methods, accessdate: August 18, 2016
  17. ^ Geospatial World: www.geospatialworld.net/news-posts/bentley-agrees-to-acquire-staad-product-lines-from-netguru/, accessdate: August 18, 2016
  18. ^ Bentley Acquires GEF-RIS AG: www.gim-international.com/content/news/bentley-acquires-gef-ris-ag, accessdate: August 18, 2016
  19. ^ Houston Chronicle: www.chron.com/news/article/BW-Bentley-Acquires-KIWI-Software-to-Deliver-1839766.php, accessdate: August 18, 2016
  20. ^ Business Wire: Bentley Acquires C.W. Beilfuss & Associates | Business Wire, accessdate: August 18, 2016
  21. ^ Geospatial World: www.geospatialworld.net/news-posts/bentley-acquires-tdv-gmbh-analysis-and-design-software-provider-for-bridge-engineering/, accessdate: August 18, 2016
  22. ^ Business Wire: Bentley Acquires Hevacomp, Ltd., Expanding Portfolio of Software to Improve Performance of Buildings, accessdate: August 18, 2016
  23. ^ Business Wire: Bentley Acquires LEAP Software, Inc., Expanding Portfolio of Software for Analysis and Design of Concrete Bridges, accessdate: August 18, 2016
  24. ^ Cadalyst: www.cadalyst.com/aec/news/bentley-acquires-promisampbulle-product-line-4479, accessdate: August 18, 2016
  25. ^ Philadelphia Business Journal: www.bizjournals.com/philadelphia/stories/2008/05/26/daily19.html, accessdate: August 18, 2016
  26. ^ 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
  27. ^ 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
  28. ^ Offshore Energy Today: www.offshoreenergytoday.com/usa-bentley-systems-acquires-sacs-software-for-offshore-structural-analysis/, accessdate: August 18, 2016
  29. ^ ITWeb: www.itweb.co.za/index.php?option=com_content&view=article&id=49150, accessdate: August 18, 2016
  30. ^ Philadelphia Business Journal: Bentley Systems buys 2 software companies - Philadelphia Business Journal, accessdate: August 18, 2016
  31. ^ Automation.com: www.automation.com/automation-news/industry/bentley-acquires-elcosystem-software, accessdate: August 18, 2016
  32. ^ Bentley Acquires InspectTech: Bentley Acquires InspectTech, accessdate: August 18, 2016
  33. ^ ConstructionWeekOnline.com: Bentley acquires Canadian-based Ivara Bentley acquire Canadian-based Ivara | ConstructionWeekOnline.com, accessdate: September 7, 2016
  34. ^ Two Bentley acquisitions highlight emerging infrastructure data tsunami : GraphicSpeak: Two Bentley acquisitions highlight emerging infrastructure data tsunami : GraphicSpeak, accessdate: August 18, 2016
  35. ^ Business Wire: Bentley’s Acquisition of SpecWave Brings Enterprise-level Information Management for Specification Services, Spanning Project and Asset Lifecycles | Business Wire, accessdate: August 18, 2016
  36. ^ 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
  37. ^ World Maritime News: worldmaritimenews.com/archives/94704/bentley-acquires-moses-software-business-from-ultramarine/, accessdate: August 18, 2016
  38. ^ VARINDIA IT Magazine, Bentley acquires DocQnet Systems' eB Services Biz: VARINDIA IT Magazine, Bentley acquires DocQnet Systems' eB Services Biz, accessdate: August 18, 2016
  39. ^ Geospatial World: Bentley acquires SITEOPS for BIM advancement - Geospatial World, accessdate: August 18, 2016
  40. ^ Bentley buys C3global for predictive modeling : GraphicSpeak: Bentley buys C3global for predictive modeling, accessdate: August 18, 2016
  41. ^ Bentley acquires Acute3D to extend Reality Modeling portfolio : GraphicSpeak: Bentley acquires Acute3D to extend Reality Modeling portfolio, accessdate: August 18, 2016
  42. ^ "Bentley Acquires Reality Modeling Creator e-on". www.engineering.com. Retrieved 2020-12-17.
  43. ^ Bentley acquires S-Cube Futuretech Pvt. Ltd.https://www.vccircle.com/bentley-systems-acquires-vc-backed-software-products-firm-s-cube-futuretech/
  44. ^ "Bentley buys S-Cube".
  45. ^ Jump up to: a b "Bentley Acquires Geotechnical Modeling Companies". www.engineering.com. Retrieved 2020-12-17.
  46. ^ "Bentley Systems Acquires Synchro Software to Extend Digital Workflows for Infrastructure Project Delivery Through 4D Construction Modeling". www.businesswire.com. 2018-06-20. Retrieved 2020-02-06.
  47. ^ "Bentley Acquires Agency9 to Realize Digital Twins for Every City". www.businesswire.com. 2018-10-15. Retrieved 2020-02-06.
  48. ^ "Bentley Systems Acquires LEGION, Leading Pedestrian Simulation Software". www.businesswire.com. 2018-10-15. Retrieved 2020-02-06.
  49. ^ "Bentley Systems announces acquisition of ACE enterprise Slovakia". Automation.com. Retrieved 2020-02-06.
  50. ^ "Bentley Systems to acquire AIworx for IoT". GPS World. 2018-11-13. Retrieved 2020-02-06.
  51. ^ "Bentley gets into street signs". Schnitger Corporation. 2019-02-12. Retrieved 2020-02-06.
  52. ^ "Mergers & Acquisitions - Bentley Systems, Inc., acquired Keynetix Ltd - MandAsoft". mna.im. Retrieved 2020-02-06.
  53. ^ "Bentley acquires Citilabs and Orbit Geospatial Technologies | BIM+". www.bimplus.co.uk. Retrieved 2020-02-06.
  54. ^ "The Cohesive Companies Announce the Acquisition of Ontracks Consulting, Leading North American Implementer of IBM Maximo". www.bentley.com. Retrieved 2021-08-26.
  55. ^ "Form S-1: Registration Statement". United States Securities and Exchange Commission. April 23, 2002. Retrieved November 11, 2016.
  56. ^ "Form RW: Registration Withdrawal Request". United States Securities and Exchange Commission. September 16, 2002. Retrieved November 11, 2016.
  57. ^ Joseph N. DiStefano (November 10, 2016). "Siemens invests $130 million in Bentley Systems, pre-IPO". Philly.Com. Retrieved November 11, 2016.
  58. ^ Reuters Staff (2020-09-15). "Software developer Bentley Systems aims for near $5 billion IPO valuation". Reuters. Retrieved 2020-09-16.
  59. ^ Kilgore, Tomi. "Bentley Systems sets IPO terms, to raise up to $204.3 million and be valued at nearly $5 billion". MarketWatch. Retrieved 2020-09-16.
  60. ^ Google Search: https://www.google.com/search?tbm=bks&q=bentley+institute+press, accessdate: September 8, 2016
  61. ^ Amazon.com: bentley institute press: Books: https://www.amazon.com/s/ref=nb_sb_noss?url=search-alias%3Dstripbooks&field-keywords=bentley+institute+press, accessdate: September 8, 2016
  62. ^ "Bentley Infrastructure 500 Index". Archived from the original on 2011-03-07. Retrieved 2011-02-23.

External links[]

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