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Posts Tagged ‘Bentley Systems’

Bentley Systems revenues hit $550 million

Wednesday, April 3rd, 2013

Greg Bentley, CEO of Bentley Systems, last week gave an overview of the company’s financial position as a private company. The company’s focus is infrastructure, meaning “everything people build to improve our planet,” according to Mr. Bentley.

Bentley is a “no drama company” when it comes to reporting, said Mr. Bentley. In their 30th year, he said that historical GAP revenues are $550 million. These GAP revenues grew 8% percent in constant currencies, and organic growth grew by 6%.

“Since the majority of revenues are from annual subscription, 75% of our revenues from subscriptions, up from 72% in 2011, and that’s from ongoing relationships, not ‘customers,’” said Mr. Bentley.

Bentley employees (although he doesn’t like to call them employees as they are also investors in the company – “colleagues and family”) own 98% percent of Bentley Systems. They have a global profit sharing plan and a buy-back plan.


Bentley Be Inspired 2012 videos available

Tuesday, November 20th, 2012

Videos of keynotes from the Bentley Be Inspired 2012 Conference are available here with a login:

Bentley Systems Utilization Index for civil and geospatial

Thursday, November 15th, 2012

Bentley Utilization Index - Civil and Geospatial

Bentley Geospatial and Utilities Update

Tuesday, November 13th, 2012

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.


Point-Cloud Processing, STMs part of new Bentley Descartes V8i

Thursday, May 3rd, 2012

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’ Performance for 2011

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.


Cadastral GIS for Mexican municipality

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.”


Be Inspired: Day Two

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.

CEO Greg Bentley

Be Inspired 2011 Press Conference recap

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.”


Be Inspired Bentley Thought Leadership Conference begins Monday in Amsterdam

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


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