In what is an unusual move for a private company but a ritual announcement at the annual BE Conference, Bentley Systems issued an annual report today. Some snippets from the report: Revenue for the year represents a 15% growth over 2006. 2007 GAP revenues are at $450M. In his press conference Greg Bentley stated that in 2008 the run rate is already showing the probability of revenues in excess of $500 Million. The company is prepared for more acquisitions and has established a $200 Million credit facility. Bentley’s annual report is viewable online.
[Disclosure: Bentley covered travel, hotel and food.]
During a press conference at the BE Conference in Baltimore, Bentley Systems CEO Greg Bentley was asked about the relationship with Autodesk and if it had improved. Citing that Autodesk and Bentley have an obvious stake in interoperability, Bentley stated that the relationship is at a standstill.
Bentley intends to be the market leader in energy analysis and simulation as well as supporting a better means for building efficiency. Citing its reseller agreement with Environmental Design Solutions Ltd for its Tas software, Greg Bentley, CEO of Bentley Systems said at this week’s BE Conference in Baltimore that, "the product’s virtue is its enormous scalability. With Taz software [you have] a complete building information model (BIM) with energy standards."
For Bentley, 2007 was a record year for technology acquisitions which will support this vision – LEAP Software (analysis and design for concrete bridges; ProConcrete available at the end of 2009); ECT International Inc (electrical control systems; reducing electrical design time); Hevacomp Ltd. (virtual energy models and software tools for electrical design for promoting low energy solutions; it is the largest UK building services provider and also produces HVAC solutions to improve energy efficiency of buildings.
Greg Bentley, CEO of Bentley Systems cited a report from Daratech, the market research firm, that had named his company the #2 provider of geospatial software in the world. In the report, Daratech puts ESRI @ ~$540 Million and Bentley at ~$200 Million in revenues for geospatial software. Bentley said, "There is not any avenue of our solutions that is separated from geospatial."
That from Brady at O’Reilly Radar. It’s being announced today at Google I/O, a developer event. Oh, only on Windows. [Removed: “And, no imagery yet. (huh?)” I misunderstood post, as noted in comment below.]
Is this a big deal? Does making it a plugin vs. a standalone app matter that much?
The one minute intro video is below.
by Adena Schutzberg on 05/28 at 11:30 AM |
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