Bentley Systems posts $550 million in 2012 sales, hits 6% organic growth target
Bentley Systems, Inc., a software developer for architects, engineers, designers, and construction firms working on infrastructure projects, announced Tuesday V8i (SELECTseries 3) releases of its InRoads, GEOPAK, and MXROAD products powered by its OpenRoads technology.
The software lets engineers and designers upload data captured from photogrammetry, lidar, GPS and point clouds, for their design or survey projects, then analyze and manipulate it, all while ensuring the original data’s provenance.
The Exton, Pa.-based, 98-percent privately held company reported $550 million in 2012 sales – hitting its target of 6 percent organic growth for the year but down from 10 percent organic growth in 2011.
The three products now have the unifying capabilities of its OpenRoads technology to boost BIM (business information modeling) objectives of multi-disciplinary roadway teams, including:
- better design decisions
- increased construction awareness
- interoperability for asset management
2012 results for Bentley
Bentley CEO Greg Bentley hosted a conference call last week to discuss 2012 performance and 2013 priorities.
The company applies information mobility to improve asset performance by leveraging information modeling through integrated projects for intelligent infrastructure.
Its products for architects, engineers, geospatial professionals, constructors, and owner-operators with software solutions for sustaining infrastructure include:
- MicroStation platform for infrastructure design and modeling
- ProjectWise platform for infrastructure project team collaboration and work sharing
- AssetWise platform for infrastructure asset operations
Bentley: a ‘no drama company’
“We are a no drama company when it comes to annual reporting,” Bentley said during the call.
Bentley invested over $200 million in R&D and acquisitions last year – a record that included four acquisitions. Total investments since 2005 total more than $1 billion.
Subscriptions reached a record 74 percent of revenues in 2012. Its applications are used by over one million users in 165 countries – closer to two million if you count users of Bentley Passports and iWare apps, Bentley said.
During the call, Bentley said persistent point clouds, mobile apps and I-models are driving the company’s strategy to capitalize on information mobility to provide customers optimal performance and reliability. Bentley is a keynote speaker at the 10th annual SPAR International Conference on End-to-End 3D: capture, process, deliver, and is expected to discuss his company’s opportunities working more with persistent point clouds.
The OpenRoads software works with persistent point clouds and scalable terrain models, including Bentley Descartes V8i (SELECTseries 3) and with ProjectWise Point-cloud Services to improve projects, including through automatic recognition of roadway features such as centerlines, ditches, and edges of pavement.
“This shared technology represents the next step in Bentley’s advancement of its civil engineering and transportation products as we continue to build on our hallmark of both practical and scalable information modeling software, now including comprehensive, unified, 100 percent 3D modeling software for roadway design for all of our civil engineering users,” said Ron Gant, Bentley global marketing director, civil engineering and transportation.
Meanwhile, Bentley said the strongest sales growth last year, geographically, was in the Middle East and Africa with more than 25 percent. But Bentley is also eyeing opportunity in Brazil, which is hosting the 2014 FIFA World Cup and 2016 Olympic Games, yet 80 percent of its roads are unpaved.
Bentley expects 7 percent organic sales growth for 2013.