Bentley Systems IPO

Bentley Systems, an Exton, Penn.-based provider of construction and infrastructure project software, filed for a $100 million IPO. Renaissance Capital estimates the actual raise could be closer to $800 million. Bentley plans to trade on the Nasdaq (BSY) with Goldman Sachs as lead underwriter, and reports $69 million of net income on $679 million in revenue for the first half of 2020. Shareholders include Siemens.

Siemens, Bentley Systems plan utility design solutions

Written By Anirban Bagchi, Middle East Construction News

Joint initiative will enable fast digitisation of planning, design, and operations of power infrastructure.

Global industrial giant Siemens’ Energy Management Division (EMD) and Bentley Systems have announced an agreement to jointly develop solutions to accelerate digitisation of planning, design, and operations for power utilities and industrial power customers.

In a joint press release with Bentley Systems, a global software solutions provider for advancing the design, construction, and operations of infrastructure, Siemens EMD said the first of the new offerings will integrate Bentley Systems’ utility design and geographic information systems (GIS) capabilities with Siemens’ Power System Simulation (PSS) Suite, with specific solutions for power transmission, power distribution, and industrial facilities. Combining these two platforms provides customers with Bentley’s expertise in 3D infrastructure asset modeling and GIS with Siemens’ knowledge and experience in energy system planning and simulation, the statement said.

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AGI and Bentley Systems Announce Cesium Consortium

Bentley Systems Joins the Creators of Cesium to Accelerate Open-Source Development for Cesium’s Virtual Globe Technology

January 18, 2017 10:30 a.m.

EXTON, Pa.–(BUSINESS WIRE)–Analytical Graphics Inc. (AGI) and Bentley Systems are pleased to announce Bentley Systems as a co-founder of the new Cesium Consortium. Cesium is an open source, browser-based virtual globe, first developed by AGI in 2011 for the aerospace and defense communities. Cesium’s unparalleled performance in streaming very large datasets through a browser to desktops, tablets, and smart phones has enabled it to become the virtual globe of choice for geospatial viewing. The consortium will now enable AGI and Bentley to collaborate on the Cesium roadmap to better accelerate and support the requirements for building infrastructure modeling (BIM) and for owners of infrastructure assets. In addition, the consortium will support feature development, priority bug fixes, expansion of outreach efforts, and the hosting of social coding events such as code sprints and bug bashes.

Click here to read the full press release.