Bentley Systems Announces Acquisition of SPIDA, Leader in Utility Pole Structure Management
June 14 2021 - 5:03PM
Business Wire
To Extend OpenUtilities’ Grid Resilience
Digital Twins to the Last Mile!
Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure
engineering software company, today announced the acquisition of
SPIDA Software, developers of specialized software for the design,
analysis, and management of utility pole systems. Founded in 2007
in Columbus, Ohio, SPIDA offers modeling, simulation, and data
management software solutions to electric and communications
utilities, and their engineering services providers, in the U.S.
and Canada. The integration of SPIDA within Bentley’s OpenUtilities
engineering software and grid digital twin cloud services will help
address the challenges of transitioning to new renewable energy
sources including for electric vehicle charging, of joint usage of
utility poles to support broadband networks’ 5G expansion, and of
modernizing and hardening the electric grid to maintain reliability
and resilience.
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the full release here:
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SPIDA is revolutionizing loading and
oversight of utility asset analysis and management of structural
health. (Photo: Business Wire)
Grid digital twins can provide utilities with immersive and
engineering-accurate geospatial representations of their
transmission and distribution assets, combining intelligent network
and structural analysis with as-operated 3D and 4D physical
reality. Bentley’s OpenUtilities grid digital twin solutions enable
operators and power producers to evaluate grid trade-offs and
opportunities, now spanning traditional and renewable sources and
energy storage, as they provision services to meet demand. Digital
twins advance asset health management by converging IT, OT, and ET
(engineering modeling and simulations) to leverage infrastructure
IoT data sources and predictive analytics for improved safety,
performance, and reliability. With the incorporation of SPIDA, the
reach of grid digital twins can now extend to the utility pole
networks and structures, which deliver the environmentally
vulnerable “last mile” of critical infrastructure for vital energy
and communications.
Leading electric utilities including Ameren, EPCOR, Nashville
Electric Service (NES), and Southern California Edison (SCE),
engineer the effectiveness and resilience of their overhead systems
by applying SPIDA’s software. SPIDA’s utility pole solutions
include SPIDAcalc for capturing, modeling, and optimizing overhead
transmission and distribution assets for structural loading;
SPIDAsilk to analyze cable sag and tension design for physical and
ambient properties for precise wire tension and conductor
installation; and SPIDAstudio, a cloud-based platform that
centrally tracks and manages the asset health and physical
condition of overhead systems.
“As the rapid expansion of renewable energy sources and greater
demand created by electric vehicles increasingly stresses our grid
infrastructure, and for 5G-enabled broadband rollout, grids’
utility poles are ‘priceless’ for sustainably advancing
infrastructure,” said Alan Kiraly, senior vice president, asset and
network performance, Bentley Systems. “We are very pleased to
welcome our new SPIDA colleagues to Bentley Systems and to
OpenUtilities, and we look forward to further integrating and
globalizing SPIDA software, already known as the trusted stalwart
for energy distribution engineers in their essential work to
improve grid performance and resilience.”
Brett Willitt, president of SPIDA Software, said, “Our vision
with SPIDA has always been to provide a complete and open solution
for maintaining and improving the health and integrity of our
users’ power and communication overhead infrastructure assets.
Within the Bentley team, we look forward to accelerating grid
digital twin solutions, which leverage our industry domain
experience and incorporate SPIDA structural analyses. Existing and
future SPIDA users can look forward with confidence to leveraging
grid digital twins as they upgrade, modify, expand, and manage
their overhead systems.”
The acquisition of SPIDA Software, which is not material to
Bentley’s financial results, will add 26 colleagues in North
America. 7 Mile Advisors advised SPIDA’s management and
shareholders in the transaction.
Video Link: SPIDAcalc
Video Caption: SPIDAcalc is the utility industry’s
leading structural analysis software.
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
© 2021 Bentley Systems, Incorporated. Bentley, the Bentley logo,
AssetWise, iTwin, MicroStation, ProjectWise, OpenUtilities, SPIDA,
SPIDACalc, SPIDAsilk, and SPIDAstudio 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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version on businesswire.com: https://www.businesswire.com/news/home/20210614005788/en/
Press: Christine Byrne +1 203 805 0432
Christine.Byrne@bentley.com Follow us on Twitter:
@BentleySystems
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