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.
Posts Tagged ‘Bentley Systems’
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.
Bentley aims to solve three problems with the new line-up.