The primary markets for geospatial solutions for Bentley software appear to be utilities and civil. As the data that can be put into a building information model becomes more complex and analytical, the need to incorporate some level of analytics and spatial information becomes greater.
Archive for the ‘Bentley’ Category
In an interview with Richard Zambuni, Bentley’s Global Marketing Director, Geospatial & Utilities, Benoit Fredericque, Product Manager II (Responsible for Bentley MicroStation/Descartes Point Cloud Product Management and 3D City GIS), and Faraz Ravi, Director of Product Management (Responsible for Pointools), Bentley Descartes 8i new functionality was discussed.
Bentley Systems CEO Greg Bentley gave Bentley Systems’ second annual Corporate Update in a conference call last week.
“Bentley Systems’ revenue on an historical gap basis grew 10% to a record $523 million,” said Bentley. Asia was a major driver of this growth, increasing to comprise 19% of total revenue from 16% in 2010.
The software subscription business model accounts for 17% of revenues in 2011. The company’s resilient subscription revenues have enabled them to fully recover from the downturn faster than their competitors and software peers with less volatility and with greater visibility into this coming year.
The subscription business model also benefits the user organization that had invested in their future reuse of infrastructure information modeling through Bentley software. The relative lack of volatility in Bentley Systems’ revenues is good for the company’s stability and reliability and that is, along with subscription elimination of cost barriers for technology adoption and improvement, is good for user organizations.
What would life be without real estate, and without property taxes and property ownership?
In the municipality of Metepec, Mexico, a province with a population of 214,000, property ownership and taxes have not been the norm.
According to Marco Antonio Vazquez Nava, municipal treasurer, Cadastral and Geographic Information System for Metepec, the municipality’s revenue sharing status has decreased substantially during the last few years.
They needed software for property tax collection. Taxes represent between 4-6% GDP. “There is a huge difference in Latin America,” said Nava. “Property tax in the rest of South America is 4%, but 0% tax is collected in Mexico. The National Institute for Statistics for Mexico (NISM) research shows only 42% of municipalities register property to be taxed.”
Tuesday opened with a series of keynotes that further pushed home the message of Bentley’s direction and clarified where they were headed with GIS.
- CEO Greg Bentley
The company Bentley has achieved its initial public rating and while in 2010 the company adjusted for exchange rates and acquisitions, they have regained revenue momentum from the downturn. Bentley made mention that Autodesk, their main competitor, is “ahead but not out of reach, we have sooner regained revenue than they have in 2010.”
On Saturday, I fly to Amsterdam to attend the Be Inspired Bentley Thought Leadership Conference held at the Hotel Okura.
Just released – V8i (SELECTseries 1) versions of Bentley Map, Bentley Descartes, Bentley Geospatial Server, and Bentley Geo Web Publisher further extend this portfolio to include new 3D City GIS capabilities.
This functionality is said to enable governments to perform urban planning, noise simulation, shadow analysis, natural disaster mitigation, public relationship management, and 3D analysis and design.
Bentley aims to solve three problems with the new line-up.
The following article in this week’s Huntsville Times settled a matter that many thought had been settled long ago.
Intergraph Settles $200M suit with Bentley Systems
HUNTSVILLE, AL — An eight-year lawsuit between the former Intergraph Corp. and Pennsylvania-based software maker Bentley Systems has been settled for nearly $200 million, according to court documents.
The settlement is among the largest in Madison County history, court watchers said.
As part of a settlement agreed upon last month, Cobalt BSI Holding, which bought Intergraph in 2006, will sell back to Bentley its 15.6 million shares of Bentley stock, at a purchase price of just over $12 per share, totaling about $198 million, according to court documents. In July 2010, Sweden-based Hexagon AB bought Intergraph from Cobalt for $2.1 billion.
The settlement total includes $9.9 million in fees and expenses awarded to Cobalt’s attorneys, including Bartley Loftin III of Huntsville and his firm, Maynard Cooper & Gale.
Intergraph sold its civil engineering products to Bentley in 2000 and the deal included proceeds from maintenance contracts.
In 2002 the companies began their long courtroom skirmish, with Intergraph challenging how much Bentley owed it from a promissory note and Bentley countersuing in connection with Intergraph’s handling of the maintenance contracts.
As part of the settlement, both sides agreed not to issue press releases about the agreement or otherwise publicly discuss the case, except to note the agreement was “consensually resolved.”
A settlement hearing before Circuit Judge Tom King, from Jefferson County, who gave preliminary approval to the deal in December, will be Feb. 10 at the Madison County Courthouse.
In July 2010, Sweden-based Hexagon AB bought Intergraph from Cobalt BSI Holding for $2.1 billion.
One question that arose among those of us who have followed Intergraph since the days when Bentley Systems was owned by Intergraph, is: does Intergraph still own 30 percent of Bentley Systems, and if so, how is Bentley affected by the recent news of this acquisition?
In an AECCafe Today blog, on July 13, 2010, Chris Barron, vice president of corporate marketing for Bentley, responded: ”As a privately held company, Bentley does not routinely report on the identity of its minority stockholders or the stockholders or the size of their holdings. However, in response to your question, we can advise you that the Bentley shares previously held by Intergraph were transferred to an affiliate of its private equity owners following its going private transaction in 2006 and we have no indications that those shares are part of the sale to Hexagon.”
Clearly much of what has gone on with Intergraph and Bentley has occurred under wraps and the two companies have agreed not to issue press releases or publicly discuss the case.