Archive for the ‘Bentley’ Category
Wednesday, March 14th, 2012
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.
Wednesday, November 9th, 2011
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, November 8th, 2011
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.
Monday, November 7th, 2011
At the Be Inspired Conference yesterday, Bentley Systems CEO Greg Bentley said that the company’s mission is “to improve quality of life in the world through infrastructure.”
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.”
Friday, November 4th, 2011
On Saturday, I fly to Amsterdam to attend the Be Inspired Bentley Thought Leadership Conference held at the Hotel Okura.
Hotel Okura, Amsterdam
Wednesday, April 20th, 2011
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.
Tuesday, April 12th, 2011
Richard Zambuni, Bentley’s Global Marketing Director for Geospatial and Utilities, and Bob Mankowksi, Vice President Software Development for Bentley’s Civil and Geospatial products, held a teleconference Thursday, April 7 in which they announced the new line-up of desktop GIS products, three new Bentley Map v8i offerings.
Bentley aims to solve three problems with the new line-up.
First, 3D GIS – an infrastructure GIS needs to be able to support 3D geospatial workflows with ease – and because Bentley Map is built on MicroStation technology it is a GIS that is intrinsically 3D. For 3D cities GIS needs to be 3D as well.
Second, Bentley has built a more extensive and a better-documented API for application developers – and anyone can use the API without further permissions being necessary.
And third, Bentley has simplified the product line-up so users can execute geospatial workflows in their infrastructure projects by reducing the number of products available and enhancing the functionality in those products. Those products are:
Bentley Map PowerView
For the visualization and editing of 2D/3D geospatial information – this product replaces Bentley PowerMap Field
For editing, analysis and management of 2D/3D geospatial information – replaces the Bentley Map V8i SS1 and Bentley PowerMap
Bentley Map Enterprise
An entirely new product for enterprise editing, analysis and management of 2D/3D geospatial information
Look for more detailed information on this release in an upcoming edition of GISWeekly.
Thursday, January 20th, 2011
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.
Monday, October 25th, 2010
CEO Greg Bentley held a press briefing on October 20 at the Be Inspired event in Amsterdam, where he made several announcements: one being the launch of the Bentley Infrastructure 500 – modeled after Fortune 500 – which would identify Bentley customers who are especially successful. Bentley said their business represents $13 trillion in revenue.
This determination is made based on reported net tangible fixed assets – the balance sheet view of the infrastructure. “
These are some of the facts about the companies:
– 92 of top 100 are Bentley Subscribers
– 61 of the top 100 have adopted ProjectWise
– 40 of the top 100 have adopted Navigator
Most top candidates are private companies, coming from geographically diverse locations – all over the world.
The economy is a player in this situation – during a year like this one, the exchange rate is volatile. Many public entities are valued based on cost and others may be valued for what they could sell for. Because of the economy, many infrastructure companies have been working off backlog and have been resourceful in this way. Bentley said this may coincide with employment statistics.
He went on to say that “flat” pretty much describes Bentley’s financial growth right now.
Revenues went down almost 10% in 2009. In 2010 to date, revenues have been reported to be “within sight of 2008 revenues. By the end of the year Bentley predicts their run rate will be back to what it was before 2009. “Maybe our organic growth is the new growth,” he said.
New Bentley products coming up:
– The V8i portfolio extends through various disciplines and operations.
– OpenPlant Modeler extends breadth of applications offerings.
– Navigator v8i addresses information modeling in construction – constructors want to resolve conflicts with “dynamic collaboration”. New functionality in upcoming release will deliver bidirectional schedule synchronization with Microsoft Project or Primavera and introduces new markup templates.
– Interest in 3D cities requires the ability to relate information together in a BIM model.
– Civil Engineer for Geotechnical Analysis passport subscription – geotechnical professionals will get to pick from a variety of modules from a dashboard – cantilever wall, spread footing, slope stability, etc.
– ProjectWise v8i SelectSeries 3 introduces a Navigator web part to view i-models in a browser or SharePoint 2010 web parts.
– ProjectWise Dynamic Plot v8i SelectSeries 2 enables dynamic plots to be published from PDFs as well as from DGNS and DWGs.
-ConstructSIM will be integrated with ProjectWise Navigator in the next release.
– Bentley Substation v8i is a standalone application with deeper integration with ProjectWise to increase enterprise support for i-models. It also includes embedded point cloud capability.
– Bentley Pipe Renewal Planner
Tuesday, October 19th, 2010
This morning in Amsterdam, the weather alternated between sun, clouds and rain. At the Hotel Okura, COO Malcom Walter welcomed attendees to Bentley’s Be Inspired Conference, an event that recognizes outstanding infrastructure projects around the world. Attendees came from all over the world to see presentations by competition finalists.
Walter showed a video of the first miner in the Chilean mine disaster as he was brought to the surface to emphasize the human side to infrastructure.
The Netherlands is known for its infrastructure – the very existence of the country has depended on windmills and dykes that keep land and sea separate. Walter said that without infrastructure to pump water and keep it in bay, everything would be under water.
This year there will be video recordings of the finalists’ presentations available on the Bentley website.
CEO Greg Bentley talked about resilience and helping the world be more resilient. “We define infrastructure as the way we improve our planet,” he said.
He showed some slides that highlighted the use of Bentley products through out the recession. Bentley pointed out that after the recession hit, there have been more people in front of MicroStation, and although that might be good in some ways, it also means that people are working more hours now.
1)New countries are now reporting usage that weren’t before this year.
2) Bentley has seen growth in Europe’s MicroStation utilization hours.
3) Asia has never had a recession.
4) Infrastructure and plant have had a hard time sustaining growth, geospatial and civil has had some growth.
5) Bentley has achieved some growth in 2010.
6) Projectwise passport adoption has grown greatly in 2010 and is used by the majority of top Design 100 firms.
7) Bentley is ranked #2 in the geospatial market according to Daratech.
8) Dutch municipalities – over 50% use Bentley technology for urban planning, road design, GIS and mapping workflows.