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Bentley Systems Announces Pricing of Initial Public Offering

23.9.2020 1:30   EXTON, Pa., U.S.A. – September 22, 2020 – Bentley Systems, Incorporated (“Bentley”) today announced the pricing of the initial public offering of 10,750,000 shares of its Class B common stock at a price to the public of $22.00 per share. The shares of Class B common stock to be sold in the offering are being sold by existing stockholders of Bentley. The selling stockholders granted the underwriters in the offering a 30-day option to purchase up to an additional 1,610,991 shares of Class B common stock from the selling stockholders. The shares are expected to begin trading on the Nasdaq Global Select Market on September 23, 2020 under the symbol “BSY”. The offering is expected to close on September 25, 2020, subject to customary closing conditions.

Goldman Sachs & Co. LLC and BofA Securities are acting as lead book-running managers and RBC Capital Markets is acting as a book-running manager for the offering. Baird, KeyBanc Capital Markets and Mizuho Securities are acting as co-managers for the offering.

A registration statement on Form S-1 relating to the offering has been filed with, and declared effective by, the SEC. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

The offering is being made only by means of a prospectus. Copies of the prospectus related to the offering, when available, may be obtained by contacting Goldman Sachs & Co. LLC, Attention: Prospectus Department at 200 West Street, New York, New York 10282, by telephone at 1-866-471-2526 or by e-mail at prospectus-ny@ny.email.gs.com, or BofA Securities, Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, North Carolina 28255-0001, by email at dg.prospectus_requests@bofa.com.

Forward Looking Statements

This press release contains forward-looking statements. Forward-looking statements include all statements that are not historical facts. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect” and similar expressions are intended to identify forward-looking statements. These forward-looking statements include any statements regarding the commencement of trading of Bentley’s Class B common stock on the Nasdaq Global Select Market and the closing of the offering. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described under “Risk Factors” under Bentley’s registration statement relating to the offering. Except as required by law, Bentley has no obligation to update any of these forward-looking statements to conform these statements to actual results or revised expectations.

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Bentley Systems Announces Launch of Initial Public Offering

15.9.2020 18:16   EXTON, Pa., U.S.A. – September 15, 2020 – Bentley Systems, Incorporated (“Bentley”) today announced the launch of the initial public offering of 10,750,000 shares of its Class B common stock. The shares of Class B common stock to be sold in the offering will be sold by existing stockholders of Bentley. The selling stockholders expect to grant the underwriters in the offering a 30-day option to purchase up to an additional 1,610,991 shares of Class B common stock from the selling stockholders. The estimated initial public offering price is between $17.00 and $19.00 per share. Bentley has applied to list its shares on the NASDAQ Global Select Market under the symbol “BSY”.

Goldman Sachs & Co. LLC and BofA Securities are acting as lead book-running managers and RBC Capital Markets is acting as a book-running manager for the proposed offering. Baird, KeyBanc Capital Markets and Mizuho Securities are acting as co-managers for the proposed offering.

A registration statement on Form S-1 relating to the proposed offering has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained by contacting Goldman Sachs & Co. LLC, Attention: Prospectus Department at 200 West Street, New York, New York 10282, by telephone at 1-866-471-2526 or by e-mail at prospectus-ny@ny.email.gs.com, or BofA Securities, Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, North Carolina 28255-0001, by email at dg.prospectus_requests@bofa.com.

Forward Looking Statements

This press release contains forward-looking statements. Forward-looking statements include all statements that are not historical facts. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect” and similar expressions are intended to identify forward-looking statements. These forward-looking statements include any statements regarding the commencement of trading of Bentley’s Class B common stock on the Nasdaq Global Select Market. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described under “Risk Factors” under Bentley’s registration statement relating to the offering. Except as required by law, Bentley has no obligation to update any of these forward-looking statements to conform these statements to actual results or revised expectations.

Bentley Systems Announces Finalists in the Year in Infrastructure 2020 Awards Program

14.9.2020 15:17  

Winners to Be Selected and Announced at Bentley’s Virtual Year in Infrastructure 2020
Conference, October 20-21

EXTON, Pa. – September 14, 2020 – Bentley Systems, Incorporated, the leading global provider of comprehensive software and digital twins services for advancing the design, construction, and operations of infrastructure, today announced the finalists in the Year in Infrastructure 2020 Awards program. The annual awards program honors the extraordinary work of Bentley software users advancing infrastructure design, construction, and operations throughout the world. Sixteen independent jury panels selected the 57 finalists from over 400 nominations submitted by more than 330 organizations from more than 60 countries.

The finalists for Year in Infrastructure 2020 Awards for advancements in infrastructure are:

4D Digital Construction
DPR Construction – 2019 LSM DS Tech Upgrade
Mortenson | McCarthy - a Joint Venture – Allegiant Stadium
Office of the Renovation and Expansion Project of the Beijing-Harbin Expressway Section from Lalin River (Boundary between Jilin Province and Heilongjiang Province) to Harbin, Heilongjiang Construction Technological Innovation & Investment Co., Ltd. – Application of 4D Digital Technology in the Management of the Renovation and Expansion Project of the Beijing-Harbin Expressway Section from Lalin River to Harbin


Bridges
Arup – Cherrywood Grand Parade Bridge
Chongqing Communications Planning, Survey & Design Institute Co., Ltd., Guizhou Communications Construction Group Co., Ltd., Guizhou Bridge Construction Group Co., Ltd. – Digital Design and Construction of Taihong Yangtze River Bridge
Sichuan Road & Bridge (Group) Co., Ltd. – Chishui River Bridge of Expressway from Jiangjin (Chongqing-Guizhou Border) to Xishui to Gulin (Guizhou-Sichuan Border)


Buildings and Campuses
Beijing General Municipal Engineering Design & Research Institute Co., Ltd. – Innovative Application of BIM in Municipal Engineering Design of Ezhou Civil Airport
PT. Wijaya Karya (Persero) Tbk – COVID-19 Modular Hospital with NPI Room
Voyants Solutions Private Limited – Bangladesh Regional Waterway Transport Project 1 – Shasanghat (New Dhaka) IWT Terminal


Digital Cities
City of Helsinki – Digital City Synergy
Skanska-Costain-STRABAG Joint Venture – HS2 Main Works Civils Contract
Systematica S.r.l. – MIND: Testbed of New Mobility Paradigms


Geotechnical Engineering
Golder Associates Hong Kong Ltd – Tuen Mun-Chek Lap Kok Link Tunnel, Southern Landfall
HDR Engineering – Oroville Dam 3D Seepage and Stability Modeling of the Tallest Earthen Embankment Dam in the US
Saidel Engineering SRL – Nine-story Residential Building above the Subway Tunnels in West Bucharest


Land Site and Development
AAEngineering Group – Dzhamgyr Mine – Project Implementation in Extreme Conditions
Jacobs Engineering India Pvt. Ltd. – Master Planning and Engineering for Infrastructure Development at Tumakuru, Karnataka
KCI Technologies Inc. – HUB404 Concept Database


Manufacturing
Citic Heavy Industries Co., Ltd. – The Application of BIM Technology in Fujian Ansha’s Intelligent Green Cement Production Project with a Daily Output of 4,500 Tons
MCC Capital Engineering & Research Incorporation Ltd. – BIM Technology-based Construction of Digital Plant for Iron and Steel Base in Lingang, Laoting of HBIS Group Co., Ltd.
Shenyang Aluminum & Magnesium Engineering & Research Institute Co., Ltd. – Guinea Alumina Engineering Digital Twin Application Project of CHALCO Hong Kong Co., Ltd.


Mining and Offshore Engineering
AAEngineering Group – Digital Twin of AKSU Plant: from Concept to Startup. A Real Story.
Sapura Energy Berhad – Transporting of 3-x-330 Class Barge Loaded with Jacket onboard Semi-submersible Vessel
Volgogradnefteproekt, LLC – Vladimir Filanovsky Offshore Field Modernization and Production Volume Increase


Power Generation
PowerChina Hubei Electric Engineering Co., Ltd. – Kyrgyzstan Bishkek Thermal Power Plant Reconstruction Project
Shanghai Institute of Mechanical and Electrical Engineering Co., Ltd. – Shanghai Electric Environmental Protection Group Technology Renovation and Expansion Project for Nantong Thermoelectric Waste Incineration
TBEA Xi’an Electric Design Co., Ltd. – Application of Digital Technology in the Design of Complex Mountain Wind Farms


Project Delivery
Aegea Saneamento – Infra Inteligente Program (Smart Infra Program)
Shanghai Water Engineering Design & Research Institute Co., Ltd – The Integrated Delivery and Application of BIM Technology in the Design, Construction, Supervision and Management of Shanghai Water Pump Sluice Project
Sweco – Sweco | Digitalization with BIM


Rail and Transit
China Railway Electrification Engineering Group Co., Ltd., China Railway Engineering Consulting Group Co., Ltd., China Academy of Railway Sciences Corporation Limited – Beijing-Zhangjiakou High-speed Railway
Network Rail Wales and Western Region – Bristol Area Signalling Renewal Enhancements
PowerChina Huadong Engineering Corporation Limited – Innovative Application of Digital Engineering Technology in Shaoxing Rail and Transit Construction


Reality Modeling
AUAV – Warragamba Water Pipeline Digital Twin
Khatib & Alami – Geo-enabling Reality Model Tips and Tricks
Merius Oy – Merius Smart Mill


Road and Rail Asset Performance
Maryland State Highway – Maryland One (SUPERLOAD) Violation Tracking & Asset Insight
Roads & Transport Authority (RTA) – Collaborative Information System Implementation - Whole Lifecycle Common Data Environment
SMRT Trains Ltd – Predictive Decision Support System (PDSS)


Roads and Highways
Sichuan Road & Bridge (Group) Co., Ltd. – BIM Technology Application on Chengdu-Yibin Expressway
Sweco Nederland B.V. – Oosterweelverbinding Antwerpen
SAI-SYSTRA Group – Mumbai Coastal Road Project (South) Package – II


Structural Engineering
CNI Ingenieros Consultores SAS – Engineering Laboratories and Research Building
Indian Railways – Design & Construction of the World’s Tallest Rail Pier Girder Bridge
WSP – WSP overcomes Complex Challenges with Bentley’s Technology to Deliver Principal Tower


Utilities and Communications
IOB Technology Sdn Bhd – BIM for Substation and Electrification Design of Double Rail Track, Johor, Malaysia
Qinghai Kexin Electric Power Design Institute Co., Ltd. – Dayu 110kV Electrical Transmission and Transformation Project in Hainan Tibetan Autonomous Prefecture, Qinghai Province, China
Sterlite Power Transmission Limited – Sterlite BIM


Utilities and Industrial Asset Performance
Gazdaş Gaziantep Doğal Gaz Dağitim A.Ş. & Trakya Bölgesi Doğal Gaz Dağitim A.Ş. – Enterprise GIS Project for Natural Gas Utility on SAP/IS-U
Glencore – Implementing Asset Reliability Tool for Copper and Nickel Smelters
Shell QGC – Evolution of Engineering Data, Documents and Information Management


Water and Wastewater Treatment Plants
AECOM/Wessex Water – Durleigh WTC Reconstruction
Hatch – Ashbridges Bay Treatment Plant Outfall
PowerChina ZhongNan Engineering Corporation Limited – Research on the Deep Application of BIM and Digital Twin Technology of Water Delivery Project Based on Bentley


Water, Wastewater and Stormwater Networks
Companhia de Saneamento Básico do Estado de São Paulo – Operational Restructuring Project of Cursino Water Supply System in São Paulo City
DTK Hydronet Solutions – Digital Water Network Engineering & Asset Management of Dibrugarh Water Supply Project
NJS Engineers India P Limited – JICA Assisted Guwahati Water Supply Project

The finalists, chosen by independent juries of industry experts, present their projects during a pre-conference showcase beginning October 5 through October 16, 2020.

Chris Barron, Bentley’s chief communications officer, said, “The circumstances of the global pandemic have made the past few months a challenge for us all, and it is a testament to our users’ resilience that we received over 400 nominees for our Year in Infrastructure Awards program. While we are not able to present this year’s conference and awards ceremony in front of a live audience, the new virtual format gives us the opportunity to re-invent Year in Infrastructure and take full advantage of ‘going digital.’ Attendees can access our informative sessions in real time, or on-demand, making it easier for anyone to attend multiple sessions that might have ran concurrently. We are also providing new and exciting ways to engage with infrastructure thought leaders from around the world and to explore and share their innovative insights.”

The agenda of the Year in Infrastructure 2020 Conference features:
Pre-Conference Live Judging – The Year in Infrastructure 2020 Awards Finalists Presentation – Oct. 5 – Oct. 16 — Hear from the people behind the most extraordinary infrastructure projects of the year, as they tell their story of how they leveraged digital advancements to achieve unprecedented outcomes.

TwinTalks – Digital Twins Go Mainstream — Featuring moderated panel discussions with users, Bentley executives, and industry analysts who will share how digital twins are gathering mainstream adoption in six sectors.

Executive Perspectives: Digital Twins for Infrastructure Resilience — Greg Bentley, CEO Bentley Systems – Discover the software and cloud-service enhancements that empower users to create and operate economically and environmentally sustainable infrastructure.

Executive Perspectives: Digital Twins — Join Keith Bentley, founder and chief technology officer, Bentley Systems, to learn how users have created digital twins to support accessibility, interoperability, and open standards.

Digital Twins: Making the Business Case for Digital Twins — Learn how leading organizations have made compelling and successful business cases for deploying digital twins that improve project delivery and asset performance. Featuring Adam Klatzkin, Bentley’s vice president, business development, and Richard Cooper, Bentley’s strategic director.

Digital Twins Showcase: Twinfrastructure! Twinnovation! — Greg Demchak, director of Bentley’s iTwin Innovation Lab, Mehreen Javaid, Bentley’s digital integrator, and Sanjeev Shah, Bentley’s business development director showcase how users leverage mixed reality (XR) to visualize the past, present, and future of their projects, and create digital twins of existing assets to implement remote inspection and remote assist digital workflows.

Live: Year in Infrastructure 2020 Awards Ceremony Oct. 21. After careful deliberation, by independent expert juries, the winners of the Year in Infrastructure 2020 Awards will be announced in a live global broadcast at 12:30 p.m. EDT. Don’t miss what has been called the Academy Awards of Infrastructure. Register and watch live.

More about the Year in Infrastructure 2020 Awards program and conference

Image and caption: The Year in Infrastructure 2020 Awards is a highly regarded global competition that recognizes advancements in infrastructure.

# #

About Bentley Systems
Bentley Systems is a leading global provider of software solutions to engineers, architects, geospatial professionals, constructors, and owner-operators for the design, construction, and operations of infrastructure. Bentley’s MicroStation-based engineering and BIM applications, and its digital twin cloud services, advance the project delivery (ProjectWise) and the asset performance (AssetWise) of transportation and other public works, utilities, industrial and resources plants, and commercial and institutional facilities.

Bentley Systems employs more than 4,000 colleagues and generates annual revenues of more than $700 million in 171 countries outside the United States. From inception in 1984, the company has remained majority-owned by the Bentley brothers. www.bentley.com

© 2020 Bentley, the Bentley logo, AssetWise, MicroStation, and ProjectWise are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners.

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Bentley Systems Announces Availability of OpenGround Cloud to Increase the Value of Geotechnical Data

10.9.2020 15:24  

New Cloud Service Assures Data Integrity for Geotechnical Information Management

EXTON, Pa. – September 10, 2020 – Bentley Systems, Incorporated, a leading global provider of comprehensive software and digital twins services for advancing the design, construction, and operations of infrastructure, today announced the availability of OpenGround Cloud, a new cloud service that enables geotechnical professionals to access reliable geotechnical data for better engineering decision support and to improve collaboration across the entire supply chain. OpenGround Cloud offers a complete solution for planning, data entry, borehole log production, lab data management, reporting, visualization, and more. The cloud service improves collaboration across multidisciplinary project teams and significantly increases the value of geotechnical data by making it easily accessible to key project stakeholders.

Geotechnical project team dynamics and the applications and services they require to manage natural resources are changing rapidly. Relevant geotechnical data is typically dispersed across various applications and devices and can be cumbersome to gather and consolidate, complicating the effective and timely use of this data. Now, with OpenGround Cloud, geotechnical engineers can readily access reliable, high-quality current and historical geotechnical data for the modeling, simulation, and analysis of infrastructure projects’ ground conditions.

Scott Devoe, senior director, geotechnical information management, Bentley Systems, said, “OpenGround Cloud provides a single enterprise repository of multiple data sources for all ground investigation projects—a long-sought improvement for geotechnical and geological professionals. It eliminates the need to retain copies or to exchange data and ensures that everyone in the supply chain has the correct access rights to the most current version. As a result, OpenGround Cloud helps minimize project delays due to encountering unforeseen ground risks during construction.”

Richard O’Brien, principal process engineer with Atkins, said, “From a risk management perspective, we are now able to more easily identify the gaps in data, to highlight risk items and, if required, assist in the planning of targeted ground investigations. From the tender process, when local site data availability is limited, through to detailed design, we are now able to undertake data-driven assessments to aid in our decision-making.”

O’Brien added, “OpenGround Cloud gives us the ability to determine and cross-reference the organization’s geotechnical parameters and correlations with those available from literature sources. Tender design is made more efficient and we can consider a wider range of site properties leading to reductions in geotechnical risk. Ground investigations are planned more effectively taking into consideration multidiscipline and multiproject data leading to reduced costs. And, detailed designs are delivered from a more complete perspective, which leads to greater value for the client.”

Cedric Allenou, ground engineering lead, Lower Thames Crossing, said, “OpenGround Cloud improved the workflow for all members of the team. The various add-ins are faster within the cloud version of the database, which is useful when dealing with large datasets such as CPT data.”

Allenou continued, “In addition, maintaining the link with the database when members of other organizations need to access the data has also improved the workflow due to the servers being cloud-based. As a result, external support teams can more easily solve issues that arise. The process allows rapid responses and minimizes potential downtime on the project.”

##

About OpenGround Cloud
OpenGround Cloud is a secure, cloud-based collaboration platform for geotechnical data management. The multiproject environment allows your team to collaborate whether they are collecting data in the field, reporting, scheduling, or integrating data with their design software. The platform has several connected apps that provide team members with the capabilities they need in a modern, intuitive, and easy-to-use environment. www.bentley.com/OpenGround Cloud

About Bentley Systems
Bentley Systems is a leading global provider of software solutions to engineers, architects, geospatial professionals, constructors, and owner-operators for the design, construction, and operations of infrastructure. Bentley’s MicroStation-based engineering and BIM applications, and its digital twin cloud services, advance the project delivery (ProjectWise) and the asset performance (AssetWise) of transportation and other public works, utilities, industrial and resources plants, and commercial and institutional facilities.

Bentley Systems employs more than 4,000 colleagues and generates annual revenues of more than $700 million in 171 countries outside the United States. From inception in 1984, the company has remained majority-owned by the Bentley brothers. www.bentley.com

© 2020 Bentley, the Bentley logo, AssetWise, MicroStation, OpenGround, OpenGround Cloud, and ProjectWise are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners.

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Bentley Institute Press Announces Availability of Infrastructure Digital Twins: A Leadership Short Course – Volume 1: Getting to Know iTwins

31.8.2020 15:45  

EXTON, Pa. – August 27, 2020 – Bentley Institute Press, publisher of cutting-edge textbooks and professional reference works for the advancement of the engineering, architectural, construction, operations, geospatial, and educational communities, has announced the availability of a new publication titled Infrastructure Digital Twins: A Leadership Short Course – Volume 1: Getting to Know iTwins, now available in print at www.bentley.com/Books, and as an e-book at www.bentley.com/Books, Amazon Kindle, and Apple Books.

Vinayak Trivedi, vice president and global head of Bentley Institute, said, “We are pleased to offer this first publication on infrastructure digital twins from Bentley Institute Press authored by Dan Raker, veteran CAD industry visionary and author/publisher of many titles including INSIDE MicroStation and MicroStation Manager Magazine. This slim, power-packed publication is a part of a broader digital-twin curriculum, which the Bentley Institute team is developing to help you get started with your infrastructure digital twins. Like all titles in the Bentley Institute Press portfolio, this publication aims to deliver continuous learning to practitioners in infrastructure professions to upgrade their technical skills and support their going digital initiatives.”

Infrastructure Digital Twins: A Leadership Short Course delivers an executive overview for leaders to understand and master the fundamental concepts necessary to drive their organizations’ digital transformation.

Volume 1: Getting to Know iTwins: explains key definitions while establishing the confluence of tools compelling technical, organizational, and personnel adaptation disrupting the AECO industry.

Volume 2: iTwins in Action (Available in Quarter 4 of 2020) reveals use cases yielding huge cost savings and additional business opportunities through iTwin application of data analytics, artificial intelligence, virtual and augmented reality, and digital transformation of infrastructure construction and operations.

Both volumes educate leaders with an easily readable mix of powerful business language with the technical jargon enabling subject mastery for leadership direction.

The use of digital twins in infrastructure is giving weight to the idea that data is the new infrastructure. New and veteran infrastructure professionals understand the importance of bringing the built environment to life. With the marriage of design intent with ongoing infrastructure operations, digital twins enable executive-level insight, improved asset performance, and more sustainable environmental outcomes.

Author Dan Raker said, “As the world faces unprecedented need for new and refreshed infrastructure, implementing digital twins offers the greatest single impact for improving infrastructure’s responsiveness while radically cutting environmental impact and cost. This book explains how and puts leaders in the driver’s seat to steer their organization’s digital twin transformation.”

For more information, visit www.bentley.com/books.

Image: Book cover

Caption: Infrastructure Digital Twins: A Leadership Short Course – Volume 1: Getting to Know iTwins is available now at www.bentley.com/books.

About the Author
Dan Raker began helping architecture and engineering firms use technology in 1979. As founder and leader at ConnectPress he’s overseen hundreds of publishing, market positioning, and consulting assignments. Early in his career Raker served as the commercial director at the Harvard Graduate School of Design’s Laboratory for Computer Graphics. He authored the best-selling INSIDE AutoCAD and published over 100 book, magazine, and web portal titles in CAD and PLM. Raker’s most recent endeavor, Circles of Leadership, facilitates executive roundtables with special emphasis on digital twins.

About Bentley Systems
Bentley Systems is a leading global provider of software solutions to engineers, architects, geospatial professionals, constructors, and owner-operators for the design, construction, and operations of infrastructure. Bentley’s MicroStation-based engineering and BIM applications, and its digital twin cloud services, advance the project delivery (ProjectWise) and the asset performance (AssetWise) of transportation and other public works, utilities, industrial and resources plants, and commercial and institutional facilities.

Bentley Systems employs more than 3,500 colleagues and generates annual revenues of more than $700 million in 172 countries. From inception in 1984, the company has remained majority-owned by its five founding Bentley brothers. www.bentley.com

© 2020 Bentley, the Bentley logo, AssetWise, iTwin, MicroStation, and ProjectWise are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners.

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Bentley Files Registration Statement on Form S-1 for Proposed Initial Public Offering of Its Class B Common Stock

21.8.2020 19:05  

EXTON, Pa., U.S.A. August 21, 2020 – Bentley Systems, Incorporated (“Bentley”) today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) for a proposed initial public offering of its Class B common stock. The shares of Class B common stock to be sold in the offering will be sold by existing stockholders of Bentley. The number of shares to be offered and the price range for the offering have not yet been determined. Bentley intends to list its shares on the NASDAQ Global Select Market under the symbol “BSY”.

Goldman Sachs & Co. LLC and BofA Securities are acting as lead book-running managers, and RBC Capital Markets is acting as a book-running manager for the proposed offering. Baird, KeyBanc Capital Markets, and Mizuho Securities are acting as co-managers for the proposed offering.

A registration statement on Form S-1 relating to the proposed offering has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

The proposed offering will be made only by means of a prospectus. Once available, a copy of the preliminary prospectus related to the offering may be obtained by contacting Goldman Sachs & Co. LLC, Attention: Prospectus Department at 200 West Street, New York, New York 10282, by telephone at 1-866-471-2526 or by e-mail at prospectus-ny@ny.email.gs.com, or BofA Securities, Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, North Carolina 28255-0001, by e-mail at dg.prospectus_requests@bofa.com.

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Digital Twins central to going digital in rail

12.8.2020 16:56  

Press Coverage

Rail Business Daily, UK

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Digitalisation brings greater reliability to the oil and gas sector

12.8.2020 16:38  

Press Coverage

Pipeline Oil & Gas ME, Middle East

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2020 GII Virtual Summit: Resetting amid COVID-19

12.8.2020 16:29  

Press Coverage

Global Infrastructure Initiative, USA

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Genoa Bridge: Italy's Renaissance Bridge

12.8.2020 16:25  

Press Coverage

UK World Highways, UK

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Bentley Systems acquires NoteVault

11.8.2020 18:53  

Press Coverage

Graphic Speak, USA

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Jeff Richardson: Bentley Systems' resilience in flexibility

11.8.2020 18:44  

Press Coverage

Construction Global, USA

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Bentley iTwin and iModel.js Integration with Azure Digital Twins

11.8.2020 18:40  

Press Coverage

Channel 9 - Microsoft, USA

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Analysing a complex offshore oilfield

11.8.2020 18:30  

Press Coverage

Pipeline Oil & Gas ME, Middle East

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The City of Al Ain Pioneers Solution to Replace Stolen Gully Covers

11.8.2020 18:26  

Press Coverage

Construction HQ World, Middle Eas

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Leveraging Digital Twins from Concept to Operations in the Road Industry

11.8.2020 18:17  

Press Coverage

Construction HQ World, Middle East

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Zooming in on Infrastructure – Episode 1: Bring Your own Balsa (BYOB)

10.8.2020 15:14  

Press Coverage

Roads & Bridges, USA

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How is the Pandemic Changing the Way We Make Cities?

10.8.2020 15:11  

Press Coverage

DirectIndustry, France

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How can 4D construction bring value to projects?

10.8.2020 15:08  

Press Coverage

Construction Week, Middle East

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TRAC National Bridge Challenge Goes Virtual For 2020

7.8.2020 21:53  

Press Coverage

AASHTO Journal, USA

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Early release: Bentley's response to COVID-19

7.8.2020 20:58  

Press Coverage

Civil Engineering Surveyor, UK

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Bentley Systems’ Year in Infrastructure 2020 Conference goes digital

7.8.2020 20:50  

Press Coverage

Design Products & Applications, UK

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Leveraging digital twins in the road industry

7.8.2020 20:46  

Press Coverage

The Record, UK

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Bentley acquires NoteVault

7.8.2020 20:35  

Press Coverage

Extranet Evolution, UK

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Data insights will define post-coronavirus city planning

31.7.2020 17:06  

Press Coverage

Computer Weekly, UK

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Bentley buys voice-based construction app maker

31.7.2020 16:04  

Press Coverage

Schnitger Corporation, USA

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Road and Bridge Digital Twins in Action: Four Case Studies

31.7.2020 15:36  

Press Coverage

Cadalyst, USA

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Bentley Systems’ Year in Infrastructure 2020 Conference is Going Digital!

31.7.2020 15:12  

Press Coverage

Global Banking & Finance Review, UK

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Advancing Digital Twins to improve asset performance

31.7.2020 15:08  

Press Coverage

Engineering Specifier, UK

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Bentley Systems and NoteVault advance scope of construction digital twins

30.7.2020 17:33  

Press Coverage

Power Engineering international, UK

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Bentley Systems Announces the Acquisition of NoteVault

30.7.2020 17:26  

Press Coverage

Manufacturing and Engineering Magazine, UK

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Public engagement

30.7.2020 17:21  

Press Coverage

CAD User, UK

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Working from home: AEC firms under Covid-19 lockdown

30.7.2020 17:12  

Press Coverage

AEC Magazine, UK

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Advancing the scope of construction Digital Twins

30.7.2020 17:07  

Press Coverage

Electronic Specifier, UK

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ProjectWise 365

30.7.2020 16:55  

Press Coverage

AEC Magazine, UK

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Digital Twins The heart of the digital transformation

29.7.2020 15:40  

Press Coverage

Hydrocarbon Engineering, UK

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Virtual Build spotlights IoT updates and rollouts

29.7.2020 15:37  

Press Coverage

Microsoft, USA

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“Be creative and bold!” webinar attendees told

29.7.2020 15:34  

Press Coverage

Infrastructure Intelligence, UK

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3D BIM processes used in design of Qatar Office Tower

29.7.2020 15:32  

Press Coverage

International Construction, UK

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Bentley Systems joins Digital Twin Consortium

29.7.2020 15:23  

Press Coverage

PBC Today, UK

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Construction transformed in 2020

29.7.2020 15:15  

Press Coverage

Graphic Speak, USA

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Covid-19 | Managing pedestrian flow creates new engineering challenge

29.7.2020 15:12  

Press Coverage

New Civil Engineer, UK

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Bentley Systems acquires voice-based site automation developer

29.7.2020 15:06  

Press Coverage

AEC Magazine, UK

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Bentley brings construction elements digital twin development group

29.7.2020 15:02  

Press Coverage

New Civil Engineer, UK

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3D BIM processes used in design of Qatar Office Tower

28.7.2020 19:31  

Press Coverage

International Construction, UK

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Finally, Digital Twins Get Their Own Consortium

28.7.2020 19:21  

Press Coverage

Engineering.com, USA

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Digital Twins in Construction

28.7.2020 19:19  

Press Coverage

Constructech, USA

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Hydropower and the impact of COVID-19

28.7.2020 19:17  

Press Coverage

Water Power Magazine, UK

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