Bentley Acceleration Initiatives Acquires Indian Project Controls Specialist Nadhi Information Technologies
April 27 2021 - 4:30PM
Business Wire
To Help Infrastructure Projects in Asia Manage
Risks and Avoid Delays, Meet Demand for New Construction
Bentley Acceleration Initiatives today announced the acquisition
of Chennai, India-based Nadhi Information Technologies Pvt. Ltd., a
specialist in project controls, analytics, and decision support for
construction supply chains. Nadhi serves some of India’s leading
construction sector participants, including contractors Larsen
& Toubro and Kalpataru Power Transmission Ltd., real estate
developers Mahindra Lifespaces and RMZ, and owner-operators DMRC
(Delhi Metro) and Welspun Enterprises. Founded in 2008, Nadhi was
incubated in the IIT Madras Research Park with advisors from the
IIT Madras Building Technology and Construction Management faculty
and the Lean Construction Institute.
Bentley Acceleration Initiatives is the internal incubator for
strategic investments of Bentley Systems (Nasdaq: BSY), the
infrastructure engineering software company. Its objective is to
bring together ecosystem partners in digital co-ventures. Nadhi
brings to Bentley a critical mass of field-experienced
professionals in construction automation, attuned to their region’s
specific challenges and project dynamics. The acquisition
strengthens Bentley’s focus on Asia, which is experiencing huge
demand for new construction of infrastructure and has a keen
appetite for digital workflows to help address this need. According
to Fitch Solutions Country Risk and Industry Research, while China
and the U.S. will remain the two highest-value construction markets
globally, India and Indonesia will rise to the third and fourth
highest-value markets by 2029.
Currently, project teams in Asia are often held back by
conventional construction methodologies and obstacles to public
cloud deployments, experiencing delays and cost overruns because of
poorly coordinated schedules and the lack of visibility into
project status. Project managers are looking for a solution that
helps them interconnect their data silos—spanning documents,
schedules, budgets, issues and risks, resources, and materials—all
in one environment.
Some of the best-managed construction projects are now using
Nadhi’s services to solve these challenges and improve their
project delivery using digital workflows. Since offering lean
construction consulting services in 2008, Nadhi has pioneered
mobile-enabled project controls. In an offering explicitly
configured for the needs of project teams in Asia, the integrated
project controls in Nadhi’s nPulse software combines data-driven
decision support and predictive analytics to give engineering and
construction projects early warning of schedule risks and potential
delays in milestone completion, advancing project planning and
execution from reactive to proactive.
Dr. Ashit Gandhi, senior director, accelerated business
development, Bentley Systems, said, “We are very pleased to welcome
Nadhi’s construction automation experts as Bentley colleagues.
Together, we see a significant new opportunity to help construction
projects throughout Asia, especially for road and rail linear
infrastructure, in ‘going digital’. Combining Nadhi’s proven
project controls and analytics capabilities with Bentley’s SYNCHRO
4D construction modeling and field-based construction delivery will
enable more integrated and efficient digital workflows, tailored
specifically to Asian needs.”
Kalyan Vaidyanathan, CEO, Nadhi Information Technologies, said,
“The whole team at Nadhi is excited to be joining Bentley Systems
at this pivotal moment for India’s construction community. We look
forward to deepening our capabilities in core areas of project
controls and expanding our reach both in and beyond India for new
opportunities. We believe, as part of Bentley, we will be even more
strongly positioned to help our users to stay in control of their
projects and to generate insights through analytics to avoid delays
and improve confidence through visibility.”
Nadhi will add approximately 30 colleagues; its annualized
revenues and profitability are not material to, and are not
expected to meaningfully impact, the BSY financial outlook for
2021.
##
About Bentley Systems
Bentley Systems (Nasdaq: BSY) is the infrastructure engineering
software company. We provide innovative software to advance the
world’s infrastructure – sustaining both the global economy and
environment. Our industry-leading software solutions are used by
professionals, and organizations of every size, for the design,
construction, and operations of roads and bridges, rail and
transit, water and wastewater, public works and utilities,
buildings and campuses, and industrial facilities. Our offerings
include MicroStation-based applications for modeling and
simulation, ProjectWise for project delivery, AssetWise for asset
and network performance, and the iTwin platform for infrastructure
digital twins. Bentley Systems employs more than 4,000 colleagues
and generates annual revenues of more than $800 million in 172
countries.
www.bentley.com www.bentleyaccelerationinitiatives.com
© 2021 Bentley Systems, Incorporated. Bentley, the Bentley logo,
AssetWise, iTwin, MicroStation, Nadhi, nPulse, ProjectWise,
SYNCHRO, and SYNCHRO 4D are either registered or unregistered
trademarks or service marks of Bentley Systems, Incorporated or one
of its direct or indirect wholly owned subsidiaries. Nadhi and
nPulse are registered trademarks of Nadhi Information Technologies
Private Limited. All other brands and product names are trademarks
of their respective owners.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210427006130/en/
Press Contact: Rachel Rogers +1 415 827 7347
Rachel.Rogers@bentley.com Follow us on Twitter: @BentleySystems
Bentley Systems (NASDAQ:BSY)
Historical Stock Chart
From Sep 2024 to Oct 2024
Bentley Systems (NASDAQ:BSY)
Historical Stock Chart
From Oct 2023 to Oct 2024