Hexagon Safety & Infrastructure acquired GISquadrat GmbH of Vienna, Austria. The acquisition is aimed at enhancing Hexagon’s geospatial, cloud and mobile solutions for governments and utility providers in Europe as well as bringing in more than 300 customers and thousands of users into the Hexagon fold.
Posts Tagged ‘Hexagon’
Since last year, traditional GIS positioning companies such as TopCon, are getting into the act of providing integration of Building Information Modeling workflows and field layout with their recent collaboration with Autodesk. This collaboration involves an Autodesk BIM 360 app for iPad to make it easier to locate BIM coordinates precisely on a construction site. Designed for general contractors and MEP professionals, the app controls a robotic total station and the LN-100 3D positioning system from Topcon. As-built data can be fed back into the design model via BIM 360 for quality assurance. Topcon was traditionally considered a geospatial company but they have extended their reach into many other industry segments now, including the area of BIM.
Mladen Stojic, vice president of Geospatial at Intergraph, presented at a virtual press event this week to announce the Intergraph 2013 Geospatial Portfolio.
At Hexagon 2012 held in Las Vegas this past week, the opening of the Hexagon Online Marketplace, Hexagon’s Internet-based store, was announced. To many industry watchers, this is unprecedented. According to the press release, “the Hexagon Online Marketplace signifies the first ever Hexagon-level, direct-to-customer venture, and provides customers with a simplified method of purchasing select Hexagon products and services.” Those of us who have watched Intergraph, recently acquired by Hexagon, for many years, would not have thought this type of direct-to-customer marketing venture possible.
It is a sign of the times, however, where an online store allows customers of various professional backgrounds to explore high end offerings that have traditionally been the province of government and big commercial contracts.
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.
Hexagon AB plans to sell bonds to refinance part of the loans used to fund the acquisition of Intergraph Corp.
According to the article below, “The company plans to raise $850 million from a share sale to help refinance some of the debt after it completes the purchase. Hexagon said on July 7 it agreed to buy Huntsville, Alabama-based Intergraph for $2.13 billion to add software that helps companies visualize complex data and design factories, ships and oil rigs.”
Hexagon Plans Bond Sale to Retire Intergraph Acquisition Loans Bloomberg Business Week, October 12, 2010