Bentley Systems, Incorporated, the infrastructure engineering software company, announced that effective July 1, 2024, Greg Bentley will transition from Bentley Systems’ CEO to Executive Chair of its Board of Directors. Nicholas Cumins, currently COO, will then be promoted to CEO, and be proposed to join the Board of Directors. The announcement was made during the opening event…
Bentley Systems, Incorporated, the infrastructure engineering software company, announced executive appointments. Kristin Fallon joins Bentley as Chief Marketing Officer, based in Annapolis, Maryland. Most recently, Fallon was Global Head of Brand and Digital Marketing at GE HealthCare, an $18 billion medical technology and software company. Among many accomplishments, she led the company’s rebranding as part of its…
Bentley Systems, Incorporated, the infrastructure engineering software company, announced that Allen Li has been appointed to the new role of General Manager, China, reporting to Chief Revenue Officer Brock Ballard. Allen Li has had a long executive career at enterprise software leader SAP, including as Chief Operating Officer, China. He earned a bachelor’s degree in Engineering and a master’s…
Bentley Systems, Incorporated, the infrastructure engineering software company, announced it has acquired EasyPower, a developer of design and analysis software tools, including arc flash solutions, for electrical engineering professionals. Since its founding in 1984, Portland, Oregon-based EasyPower has innovatively combined graphics-based modeling and analysis in order to make solving complex electrical engineering problems ever more straightforward and…
Bentley Systems, Incorporated, the infrastructure engineering software company, announced that it has entered into a definitive agreement to acquire Power Line Systems—a leader in software for the design of overhead electric power transmission lines and their structures—from private equity firm TA Associates for approximately $700 million. The acquisition is subject to customary closing conditions, including HSR…
Bentley Systems, Incorporated, the infrastructure engineering software company, has announced that its Seequent business unit has acquired Canadian software company Minalytix, the developer of MX Deposit. The acquisition extends Seequent’s cloud capabilities and solutions for mining, including greenfield exploration, resource development, and mining production. Prior to the transaction, Seequent held a minority shareholding in Minalytix,…
Bentley Systems, the infrastructure engineering software company, has announced that its Seequent business unit has acquired Imago Inc, a developer of cloud-based software for the capture and management of geoscientific imagery. The acquisition will expand Seequent’s technology solutions portfolio while boosting cloud capabilities to help geoscientists and engineers solve earth, environment, and energy challenges, according…
Bentley Systems, Incorporated, the infrastructure engineering software company, has announced that its Seequent business unit has acquired Danish company Aarhus GeoSoftware, a developer of geophysical software. Aarhus GeoSoftware, a spinoff company from Aarhus University in Denmark, develops the software packages AGS Workbench, SPIA, Res2DInv, and Res3DInv for the processing, inversion, and visualization of geophysical data…
Accel-KKR, a leading technology-focused investment firm with over $10 billion in capital commitments, announced that it has completed the sale of its majority interest in Seequent, a leader in software for geological and geophysical modeling, geotechnical stability, and cloud services for geodata management, visibility, and collaboration, to Bentley Systems, Incorporated, the infrastructure engineering software company, for $900 million in cash considerations and approximately…
Bentley Systems, Incorporated (BSY), the infrastructure engineering software company, announced the completion of its acquisition of Seequent Holdings Limited, for approximately $900 million in cash (for a debt free business and subject to final working capital adjustments) plus 3,141,342 BSY Class B shares. When announcing its second quarter 2021 operating results (scheduled for August 10, 2021) Bentley…
Bentley Systems, the infrastructure engineering software company, announced that it has entered into a definitive agreement with investors led by Accel-KKR to acquire Seequent—a leader in software for geological and geophysical modeling, geotechnical stability, and cloud services for geodata management, visibility, and collaboration—for $900 million in cash, subject to adjustment, plus 3,141,361 BSY Class B…