Tag: Bentley Systems

Bentley and Autodesk push ‘Digital Twin’ initiatives

Autodesk Tandem Screenshot

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 …

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Permanent link to this article: https://extranetevolution.com/2020/11/bentley-autodesk-digital-twin/

Procore acquires estimating vendor Esticom, expands platform

Procore Lookaheads

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 …

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Permanent link to this article: https://extranetevolution.com/2020/11/procore-acquires-estimating-esticom/

Bentley growing its construction collaboration toolset

Project Insights

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 …

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Permanent link to this article: https://extranetevolution.com/2020/11/bentley-growing-its-construction-collaboration-toolset/

Bentley Systems acquires PCSG

Mark Bew

Bentley Systems’ Year In Infrastructure 2020 has started with news of an acquisition: PCSG, the UK-based consultancy chaired by former UK BIM Task Group head Mark Bew, has been bought by Bentley Systems. The Cohesive Companies, a digital integrator investment of the Acceleration Fund of Bentley Systems has acquired UK-based Professional Construction Strategies Group (PCSG) …

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Permanent link to this article: https://extranetevolution.com/2020/10/bentley-systems-acquires-pcsg/

Bentley Systems’ IPO aims for $5.5 billion valuation

One Liberty Plaza, NYC

Bentley Systems has revised the targeted price range for its upcoming initial public offering (IPO), which could value the company at about US$5.49 billion (c. £4.28 billion or €4.68 billion). US-based architecture, engineering and construction software and services provider Bentley announced in August 2020 (Bentley raises IPO prospect again) that it had filed a registration …

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Permanent link to this article: https://extranetevolution.com/2020/09/bentley-ipo-aims-5-5-billion-valuation/

Bentley raises IPO prospect again

Procore report graphic

On Friday 21 August 2020, US-based engineering design and collaboration software-as-a-service vendor Bentley Systems announced it had filed a registration statement with the US Securities and Exchange Commission for a proposed initial public offering (IPO) of its Class B common stock. The shares of Class B common stock to be sold in the offering will …

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Permanent link to this article: https://extranetevolution.com/2020/08/bentley-raises-ipo-prospect-again/

Autodesk criticised by 35 named architects

Autodesk reply

Architectural unrest about Autodesk and its support for the industry’s design businesses is growing. Discontent has been simmering for a decade or more, and has led to calls for EU action. The recent open letter to Autodesk from 17 named members of a 25-strong group of leading architects (28 July 2020: Design firms demand change …

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Permanent link to this article: https://extranetevolution.com/2020/07/autodesk-criticism-extends/

xbim Flex – targeting AEC’s continued reliance on email

Flex screengrab

Newcastle-upon-Tyne, UK-based xbim is facilitating BIM conversations with its new xbim Flex platform. A recent Extranet Evolution post (15 June 2020: AEC reliance on email remains high, Mail Manager research shows) highlighted the architecture, engineering and construction (AEC) sector’s continued reliance on email for communication. This struck a chord with Steve Lockley of Newcastle, UK-based …

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Permanent link to this article: https://extranetevolution.com/2020/06/xbim-flex-targeting-aecs-continued-reliance-on-email/

Nathan Doughty’s new Asite era

Asite cBIM_Model Compare

Asite CEO Nathan Doughty talks to Extranet Evolution about COVID-19, industry mergers and future prospects for the UK-based SaaS technology business. 2020 started on a tragic note at Asite. On 2 January, the independent London-based Software-as-a-Service construction collaboration technology vendor announced that Tony Ryan, Asite CEO, had died suddenly, aged 48. Chief operating officer, Nathan …

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Permanent link to this article: https://extranetevolution.com/2020/06/nathan-doughtys-new-asite-era/

Bentley acquires NoteVault

NoteVault system integration

Bentley Systems has acquired US-based NoteVault, a provider of voice-based field automation for construction management. Bentley Systems‘ latest acquisition (announced on 3 June 2020 – no value given) is NoteVault, a San Diego, California-based provider of voice-based field automation for construction management. According to Bentley: “the acquisition expands Bentley’s SYNCHRO digital construction environment with industry-leading …

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Permanent link to this article: https://extranetevolution.com/2020/06/bentley-acquires-notevault/

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