Jul 06 2021
Procore is expanding into the Middle East and North Africa through a strategic partnership with its Abu Dhabi-based investor Mubadala. Some six weeks after the May 2021 initial public offering (IPO) of its shares on the New York Stock Exchange (post), US-based construction management Software-as-a-Service (SaaS) provider Procore has continued its international extension. It has …
Permanent link to this article: http://extranetevolution.com/2021/07/procore-expands-middle-east-north-africa/
Jun 23 2021
Since buying Seequent in March, Bentley Systems has added several more software businesses to its portfolio, including an India-based mobile project controls business, Nadhi, and two IoT specialists. Bentley Systems has continued to expand its portfolio in recent months. Since investing around $900m in New Zealand-based geoscience modelling software provider, Seequent (post) in March 2021, …
Permanent link to this article: http://extranetevolution.com/2021/06/bentley-systems-busy-buying-spree/
Jun 11 2021
US AEC SaaS player Procore raised over $600m in its May 2021 IPO, but its global ambitions face significant competition. In February 2020, US-based construction Software-as-a-Service (SaaS) provider Procore filed its intention to make an initial public offering of its shares on the New York Stock Exchange. But the onset of the global COVID-19 pandemic …
Permanent link to this article: http://extranetevolution.com/2021/06/reflecting-procore-2021-ipo/
Apr 15 2021
Bentley Systems is developing applications using Nvidia’s Omniverse platform for photorealistic, real-time visualisation and simulation of digital twins of massive-scale industrial and civil infrastructure projects. Visualisation and simulation are increasingly important in the architecture, engineering and construction (AEC) sector, but the costs and manpower needed to develop really sophisticated and powerful capabilities demand that AEC …
Permanent link to this article: http://extranetevolution.com/2021/04/bentley-collaborates-nvidia/
Mar 17 2021
Bentley Systems has acquired E7, a Brisbane, Australia-based specialist in construction delivery software for heavy civil projects – formerly known as Envision (post). Bentley says the acquisition (announced on 25 February 2021 – no terms disclosed) will add to its project delivery capabilities to helps civil contractors meet schedule and budget requirements of infrastructure investment …
Permanent link to this article: http://extranetevolution.com/2021/03/bentley-e7/
Mar 12 2021
Bentley Systems is spending around US$1 billion to buy New Zealand-based geoscience modelling software provider, Seequent. Bentley Systems has announced an investor-backed deal led by Accel-KKR to acquire Seequent. The Christchurch, New Zealand-based business specialises in geological and geophysical modeling, geotechnical stability, and cloud services for geodata management, visibility, and collaboration. The deal involves US$900 …
Permanent link to this article: http://extranetevolution.com/2021/03/bentley-geoscience-seequent/
Mar 08 2021
Mixed Reality, XR, is supported by Microsoft through its development of its Mesh platform, with wider adoption enabled via open standards, benefiting industry partners such as AEC tech provider Bentley Systems. Two days before a call with Bentley Systems’ Greg Demchak, I watched Microsoft‘s online launch of its new Microsoft Mesh mixed reality platform (on …
Permanent link to this article: http://extranetevolution.com/2021/03/microsoft-mesh-bentley-collaboration/
Nov 18 2020
Bentley Systems has established a US$100M business to invest in digital twin technologies, while Autodesk has launched a new product, Tandem, supporting digital twins. Bentley iTwin Ventures For some years a champion of ‘digital twin’ thinking (see EE August 2019 post: Bentley pushes ‘Digital Twin’ into AEC mainstream), Bentley Systems has committed US$100M of venture …
Permanent link to this article: http://extranetevolution.com/2020/11/bentley-autodesk-digital-twin/
Nov 04 2020
Procore’s Groundbreak included news of a new acquisition – US estimating software provider Esticom – and a slew of product announcements, but no mention of the IPO, seemingly delayed due to the continuing impacts of the pandemic. The week after Bentley Systems’ Year in Infrastructure 2020 (see previous post) was Procore‘s annual Groundbreak event, also …
Permanent link to this article: http://extranetevolution.com/2020/11/procore-acquires-estimating-esticom/
Nov 03 2020
Bentley Systems’ collaboration portfolio continues to grow, with NoteVault integrated into the SYNCHRO Field mobile app, new ProjectWise Insights, much “iTwin-enabling”, an entirely new SYNCHRO Cost application coming soon, and GroupBC being positioned as a capital project management platform for owners. Bentley Systems‘ Year In Infrastructure provides an annual opportunity to hear about updates to …
Permanent link to this article: http://extranetevolution.com/2020/11/bentley-growing-its-construction-collaboration-toolset/
