On 22 September 2020, U.S.-based infrastructure engineering software provider Bentley Systems launched its initial public offering (IPO) on the Nasdaq stock exchange, raising US$236.5 million from the sale of 10,750,000 shares of its Class B common stock.
Bentley has invested heavily in its vision for ‘infrastructure digital twins.’ In addition to launching a cross-industry, open-source digital twin software platform, the company has acquired, or spun out, four integrators and service providers since 2019. Bentley’s recent moves thrust the firm into more direct competition with leading engineering, procurement & construction firms that are also promoting digital twin solutions in water.
In this Research Note:
- Bentley revenues by source, 2017-2019
- Bentley’s investment in its vision for “infrastructure digital twins”
- Digital twin competitive landscape by solution type
- How technology and service providers are positioning themselves along the digital twin value chain