About Bentley Systems, Incorporated
Bentley Systems wants to be the premier ride for infrastructure engineers. The company's computer-aided design (CAD) software is used to design and build large-scale infrastructure projects such as airports, transit and utilities systems, manufacturing plants, and buildings. Available on both a subscription basis (about three-quarters of revenue) and as a perpetual license, Bentley's software lets architects, engineers, builders, and property owners collaborate over the Web to develop and maintain projects. The company also offers content management applications, as well as consulting, integration, and training. It largely serves the architecture, construction, engineering, and utilities industries worldwide.
Bentley offers its products under three basic platforms: MicroStation, (infrastructure design and modeling), ProjectWise (engineering project team collaboration), and, formed in 2010, AssetWise (infrastructure asset information management).
The company earns more than half of its revenue outside the United States. It operates in 50 countries across Africa, the Americas, Asia, Australia, and Europe and sees usage of its products from customers in some 165 countries.
Bentley reported 2014 revenue of about $625 million, up 7% from the prior year and the fifth consecutive year of sales growth. Subscription revenue was 76% of the total. Enterprise subscriptions (now numbering 285) bring in about 26% of revenue.
Partnerships are key to the company's growth. In late 2012 it announced collaborations with
Mergers and Acquisitions
Bentley uses acquisitions to expand its product lines and its customer base. Recent acquisitions have focused on foreign markets.
In 2019 Bentley acquired Keynetix, a UK-headquartered provider of cloud-based software for capturing, visualizing, modeling, and sharing geotechnical data. The deal expands Bentley's geotechnical offerings.
Bentley acquired AIworx Inc., a Canada-based provider of machine learning and internet of things (IoT) technologies and services, in 2018. AIworx brings data collection and analysis to Bentley's technologies.
Other 2018 deals were the acquisitions of Plaxis, provider of geotechnical software, based in the Netherlands, and SoilVision, a soil engineering software provider based in Canada. The acquisitions enhance Bentley's market-leading borehole reporting and data management software.
Bentley Systems was founded in 1984 by the Bentley brothers - Scott, who went on to found underwater camera manufacturer VideoRay, current officers Keith, Barry, and Raymond. A fifth brother, Greg, joined his siblings at the company in 1991 and became CEO in 2000. The Bentley family owns 98% of Bentley Systems' equity.
685 STOCKTON DR
Exton, PA 19341-1151
Phone: 1 (610) 458-5000
Employer Type: Privately Owned
CEO: Greg Bentley
CFO: David Hollister
SVP and COO: Malcolm S. Walter
Employees (This Location): 450
Employees (All Locations): 2,780
San Diego, CA
New Delhi, India
Saint Maur Des Fosses, France
Taipei City, Taiwan