Bentley Systems Announces Strategic Agreement with Worldsensing
March 22 2023 - 4:01PM
Business Wire
Worldsensing Acquires sensemetrics’ Thread
Connectivity Device Business, While Bentley Becomes Lead Investor
in Worldsensing’s Series D Capital Raise, and Both Parties Align on
a Unique Joint Go-to-Market Offering
Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure
engineering software company, today announced it has entered into a
non-exclusive commercial agreement to strategically accelerate the
adoption of Infrastructure IoT, further unlocking value for
infrastructure designers, constructors, and owner-operators in
their use of infrastructure digital twins. To this end,
Worldsensing is acquiring from Bentley sensemetrics’ Thread
connectivity device business to expand its hardware portfolio
offerings. Bentley also becomes the lead investor in Worldsensing’s
Series D capital raise.
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Worldsensing’s Connectivity Devices fully
integrated with Bentley’s sensemetrics software and iTwin IoT cloud
services. Image courtesy of Worldsensing.
Worldsensing’s acquisition of the Thread connectivity device
business will offer new options to its customers where adaptive
sensor integrations or active sensor management are a key
requirement. Thread offers broadband sensor connectivity to
uniquely connect dynamic, high-power, or high-speed sensors and
stream sensor data to the cloud for analysis. Thread is a fully
autonomous sensor connectivity device with optional integrated
4G/LTE cellular modem, wireless mesh networking, and battery pack
in a weather resistant enclosure. Each broadband device also serves
as a gateway for wireless smart sensors. Combined with
Worldsensing’s existing market-leading offerings, Thread will be a
driver for new growth opportunities. Worldsensing will become a
preferred sensor connectivity partner to Bentley and Bentley will
become a preferred IoT software partner to Worldsensing offering
mutual users a best-in-class fully integrated end-to-end sensor
management solution.
“We are thrilled to enter into this agreement with Bentley
Systems,” said Ignasi Vilajosana, CEO of Worldsensing. “The
acquisition of sensemetrics’ Thread connectivity device business
will expand our portfolio and allow us to provide more options to
our customers. We are pleased to become a preferred sensor
connectivity partner for Bentley’s iTwin IoT digital twin cloud
services, confirming our position as the reference connectivity
platform for mining, construction, rail, and infrastructure
monitoring.”
“We are excited to partner with Worldsensing and believe that
this strategic agreement will bring significant benefits to our
respective user bases,” said Justin Schmidt, Vice President,
corporate development with Bentley Systems. “We are confident that
the combination of Worldsensing’s expertise in IoT solutions and
our leadership in infrastructure digital twin software will create
a powerful offering for the market.”
About Worldsensing
Worldsensing is a global IoT pioneer. Founded in 2008, the
infrastructure monitoring expert serves customers in more than 70
countries, with a network of global partners to jointly drive
safety in mining, construction, rail and structural health.
Worldsensing is headquartered in Barcelona and has a local presence
in the UK, North and South America, Singapore, Australia and
Poland. Investors include Cisco Systems, Mitsui & Co, McRock
Capital, ETF, Kibo Ventures, JME Ventures and Bentley Systems.
The solutions by Worldsensing are the market reference for
automated monitoring of large-scale civil infrastructure. They
enable near real-time data acquisition of geotechnical, geospatial
and structural sensors as well as remote device, data and network
management. Engineers and experts tasked with civil infrastructure
monitoring can capture sensor data through Worldsensing edge
devices and send information to the cloud for 24/7 monitoring. With
thousands of network deployments connecting over 250,000 sensors
around the globe, Worldsensing’s solution has rapidly become the
monitoring standard within a growing range of industries.
www.worldsensing.com
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, mining, and industrial facilities. Our
offerings, powered by the iTwin Platform for infrastructure digital
twins, include MicroStation and Bentley Open applications for
modeling and simulation, Seequent’s software for geoprofessionals,
and Bentley Infrastructure Cloud encompassing ProjectWise for
project delivery, SYNCHRO for construction management, and
AssetWise for asset operations. Bentley Systems’ 5,000 colleagues
generate annual revenues of more than $1 billion in 194
countries.
www.bentley.com
© 2023 Bentley Systems, Incorporated. Bentley, the Bentley logo,
Bentley Infrastructure Cloud, Bentley Open, AssetWise, iTwin,
MicroStation, ProjectWise, Seequent, sensemetrics, and SYNCHRO 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/20230322005676/en/
Press: Christine Byrne +1 203 805 0432
Christine.Byrne@bentley.com Follow us on Twitter:
@BentleySystems
Press: Grace Rocoffort de Vinnière press@worldsensing.com
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