EXTON, PA, July 18, 2024 – Bentley Systems, Inc., the infrastructure engineering software company, will release its second quarter 2024 results before the market opens on Tuesday, August 6, 2024. Senior management will host a webcast to discuss the company’s results at 8:15AM ET. The results press release and link to the webcast will be available prior to the start of the webcast on the company’s investor relations website at https://investors.bentley.com.

Webcast and Registration Information

• When: Tuesday, August 6, 2024, 8:15AM ET
• Webcast: Registration link
• Replay: Available later that day via https://investors.bentley.com

About Bentley Systems

Bentley Systems is the infrastructure engineering software company. They provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Their 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. Their 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’ 5,200 colleagues generate annual revenues of more than $1 billion in 194 countries.

For more information, visit www.bentley.com.

AForge, a leader in innovative solutions, has announced the launch of its new Advanced Manufacturing branch. This new division is set to redefine the boundaries of manufacturing with a comprehensive suite of capabilities, including advanced additive and subtractive manufacturing, supportive manufacturing processes, and state-of-the-art design and engineering services.

New State-of-the-Art Facility

AForge is excited to unveil its new state-of-the-art Advance Manufacturing Facility in Northern Virginia, built to support both Military and commercial manufacturing sectors. This facility is equipped with the latest technology and infrastructure to ensure efficient, secure, and high-quality manufacturing processes, meeting the rigorous standards required by defense and commercial clients alike.

Advanced Manufacturing Capabilities

AForge’s Advanced Manufacturing branch is equipped to handle a diverse range of manufacturing needs with the following capabilities:

• Additive Metals: Their facilities can produce parts using a variety of metals and polymers utilizing the most technologically advances processes to date. These materials ensure high performance and durability for the most demanding applications.
• Additive Polymers: They offer additive manufacturing with nylon, carbon fiber and glass bead composites. These materials provide exceptional strength, flexibility, and lightweight properties for a wide range of applications.
• Subtractive Manufacturing: Their advanced subtractive manufacturing capabilities include 5-axis CNC machining, CNC lathe operations, and electrical discharge machining (EDM). These processes allow for high-precision manufacturing of complex parts.

Supportive Manufacturing Processes

In addition to our primary manufacturing capabilities, AForge’s Advanced Manufacturing branch offers several supportive processes to enhance product performance and customization:

• Resin-Based DCPD Ballistic Armor: They provide custom form-fitting ballistic armor solutions rated up to IV+, ensuring maximum protection with advanced resin-based DCPD technology.
• Precision Laser Welding: Their precision laser welding services offer unparalleled accuracy and strength for critical applications.

Design / Engineering Services

AForge’s team of expert engineers and designers provide comprehensive support to optimize product design and performance:

• CAD Design, DFAM, Generative Design, and Topology Optimization: They leverage the latest design methodologies to create efficient, innovative, and manufacturable designs.
• Simulation: Their simulation services include static finite element analysis (FEA) and computational fluid dynamics (CFD), ensuring that designs meet performance and reliability standards.
• 3D Scanning and Reverse Engineering: They offer high-resolution 3D scanning with data collection at a resolution of 0.02um (micron). AForge’s reverse engineering capabilities allow us to generate precise 3D CAD models from scanned data.
• Metrology Grade Inspection and Dimensional Analysis: Using both scanned data and coordinate measuring machine (CMM) contact-based measurement, AForge provides detailed inspection and dimensional analysis to ensure the highest quality standards.

AForge’s Advanced Manufacturing branch is dedicated to pushing the limits of what is possible in manufacturing. Their state-of-the-art facilities and expert team are ready to take on the most challenging projects and deliver superior results.

About AForge

AForge is a Service-Disabled Veteran-Owned Small Business, SDVOSB, with more than 60 years of combined military and professional experience supporting the Department of Defense (DoD) and the Intelligence Community (IC). The AForge team uses systems engineering, national security operations, and IT strategic knowledge to accelerate mission success throughout the United States government agencies focused on national security.

For more information, visit www.aforge.us.

EAST LONGMEADOW, MA, June 24, 2024 – Excel Dryer, the global leader in touchless hand hygiene solutions, is excited to partner with Architecture + Design Master Continuing Education, a leading industry resource for architecture and design professionals, to offer an exclusive new continuing education unit (CEU): Introduction to the WELL Building Standard and Its Impact on 3 Architectural Product Categories. Architecture + Design Master Continuing Education is the education division of Endeavor Media, offering CEUs powered by brands such as Architectural Products, Buildings, American School & University and many more.

Colleagues engage in a casual conversation in a cozy office nook, blending natural design elements with comfort.

“Guided by Version 2 of the International WELL Building Institute’s WELL Building Standard, this course adapts the forward-thinking insights and methodologies we applied to the recent expansion and renovation of our own global headquarters—which resulted in the healthiest, most beautiful office space imaginable,” said William Gagnon, COO, Excel Dryer.

There is no charge for the CEU, which offers 1.25 LU/HSW American Institute of Architects (AIA) credits. To complete the unit, visit Architectural Products’ Continuing Education Center: go.exceldryer.com/Intro-to-WELL-CE.

Participants will explore the principles of modern, sustainable design and specification with a focus on industry and manufacturing advancements in the hand dryer, lighting and furniture product categories.

On completion of the course, they will be able to:

1. Describe how the WELL Building Standard has helped designers and owners understand how interior environments can support the health and well-being of occupants.
2. Discuss the founding principles, framework, concepts and award system of the WELL Building Standard version 2.
3. Explain how the hand dryer product category can help a project earn WELL points.
4. Compare the purpose of circadian lighting with that of tunable lighting.
5. Discuss ways in which furniture can promote human health and activity in the workplace.

About Excel Dryer, Inc.

Excel Dryer is a family-owned and operated company that revolutionized the industry with the invention of the XLERATOR Hand Dryer, which set a new standard for performance, reliability and customer satisfaction. For more than 50 years, Excel has been manufacturing American-made hand drying solutions that are dependable, cost effective, safe and sustainable. Backed by the best customer service, Excel Dryer products can be purchased through an established network of sales representatives and distributors globally.

Learn more about Excel Dryer at exceldryer.com.

SÃO PAULO, Brazil, June 21, 2024 – 1NCE, a company offering a software platform for connected products, expanded its IoT footprint by offering its software and connectivity to Brazilian customers. 1NCE is supported by the local network operator Claro.

1NCE is a fast-growing industry leader in IoT, delivering software tools and global connectivity for a lifetime in 173 countries. It’s the best option for all Brazilian companies needing unrestricted nationwide IoT access, plus easy expansion options nearly anywhere in the world. Customers can now signup online witah 1NCE for 70 BRL for two years — approximately half the current market rate. For local companies looking abroad, the 1NCE Lifetime Flat subscription is simple: customers can deploy, connect, and manage IoT sensors across the world.

In Brazil, it has never been easier to securely and reliably collect device data and turn it into actionable intelligence. Adding Claro and its strong local infrastructure helps deliver on the company’s mission: true cross-border, future-proof IoT without uncertainty or hassle. 1NCE’s São Paulo regional headquarters — authorized by Anatel, Brazil’s national telecommunications agency — offers local data management, staff, billing and logistics to speed up order fulfilment and get customers started with IoT.

Arthur Lobato, vice president for Latin America at 1NCE: “Brazil is a critical market for 1NCE, and I credit our great team for working hard to earn approval from Anatel. And we’re thrilled to join Claro in accelerating IoT adoption by companies of all sizes. Now there’s no reason for Brazilian companies to miss out on game changing tech that market leaders use to win.”

Based in Germany with offices in 13 countries, 1NCE continues to prove itself as a new standard in IoT. The company boosts customers’ ideas not just when they need connectivity, but from the outset of their projects all the way through a device’s lifecycle. Across every type of industry, it’s easy to experiment early without major expenditures that can derail the plan. One example is in the fleet management sector: Brazil’s leading vehicle protection solution provider, Hinova, has partnered with 1NCE for enhanced stability, flexibility and autonomy in tracking fleets.

All 1NCE SIM cards and chips are delivered active and ready for deployment, also including IMEI lock to prevent fraud. Seamless switching is available across all radio standards (2G, 3G, 4G, LTE-M and NB-IoT). Customer service is offered in Portuguese and 24 other languages.

New customers can start today at the 1NCE Brazil online shop.

About 1NCE

1NCE is a company offering a software platform for connected products that delivers future-proof, hassle-free IoT in 173 countries and regions. The software platform enables customers to easily, securely and reliably collect device data and turn it into actionable intelligence. This accelerates time-to-market for data collection projects by months, increases device lifetime by years, and allows efficient management of sensors from initial deployment to the end of the product lifecycle. More than 20,000 users and 60 Fortune 500 companies trust 1NCE with 22 million connected products worldwide.

Learn more at www.1NCE.com.

HUNTSVILLE, AL, June 19, 2024 – Hexagon, the global leader in digital reality solutions, combining sensor, software and autonomous technologies, announced the availability of HxGN APM, a comprehensive solution for asset-intensive organizations seeking to identify and mitigate asset risk, optimize maintenance spend and minimize downtime. This robust application optimizes asset strategies, detects emerging failure risks in real time and drives proactive risk mitigation that directly enhance return on capital employed.

In April 2024, Hexagon expanded its portfolio by acquiring Itus Digital, an asset performance management (APM) solution provider based in Roanoke, Virginia. Now operating as part of Hexagon’s Asset Lifecycle Intelligence division, the acquisition brings to Hexagon more than 250 years of asset performance management industry experience enabled through the innovative HxGN APM technologies. The solution’s distinct approach leverages a modern architecture, best practice work processes and advanced analytics enabled by an extensive, embedded strategy library.

HxGN APM offers an advanced analytical and optimization engine to solutions like HxGN EAM, HxGN SDx and j5. This operationalizes asset strategies that carefully strike a balance between performance, cost and risk, which aligns with Hexagon’s commitment to driving sustainable, data-driven transformations in asset-intensive industries.

Hexagon’s solution empowers customers by driving a pragmatic approach to identifying potential threats, mitigating risks and extending asset lifecycles. HxGN APM delivers these key benefits to clients:

• Optimizes asset value by aiding customers in balancing performance, cost and risk through the operationalization of asset strategies.
• Enables proactive work processes to continually analyze asset failure risk and drives maintenance, inspections and monitoring activities based on actual condition and health.
• Ensures rapid failure detection and prevention by using the embedded Asset Twin Library, offering pre-set asset strategies and analytics for predicting potential failures before they happen.

HxGN APM stands unique from its competitors thanks to its modern and intuitive application processes, easy integration with existing systems and scalability to align with an organization’s functional needs. Whether monitoring 25 assets or 1 million, Hexagon’s infrastructure effortlessly scales to meet requirements.

“The addition of HxGN APM to Hexagon’s portfolio provides enhanced analytical insights across the asset lifecycle, enabling organizations to maximize the delivery capability of their industrial assets at an optimal cost and risk profile,” said Joe Nichols, vice president, Portfolio Strategy for APM, Hexagon’s Asset Lifecycle Intelligence division.

“Hexagon’s entrance into the APM market aligns seamlessly with the surging demand for APM solutions and mirrors a broader trend among industrial asset maintenance software vendors, which are increasingly undertaking acquisitions to differentiate themselves in the market,” said Kiran Darmasseelane, senior analyst in the Operational Excellence practice at Verdantix, an independent research firm. Verdantix expects substantial growth in the APM software market. The recent Verdantix market size and forecast report on APM software predicts that the market will grow from $2.5 billion in 2022 to just under $5 billion in 2028, at a CAGR of 11.9%, while the recent Verdantix global corporate survey reveals that 54% of the 304 executives interviewed plan to increase investment in APM software over the next 12 months.

Asset performance management software ensures optimal asset strategies are implemented and dynamically managed based upon the actual condition and operating context of plant assets. The growing trend of digital transformation is driving increased adoption of APM solutions. Overall, APM solutions continue to play a crucial role in managing assets effectively and efficiently, thus optimizing total cost of ownership.

About Hexagon

Hexagon is the global leader in digital reality solutions, combining sensor, software and autonomous technologies. They are putting data to work to boost efficiency, productivity, quality and safety across industrial, manufacturing, infrastructure, public sector, and mobility applications.

Hexagon has approximately 24,500 employees in 50 countries and net sales of approximately 5.4bn EUR. Learn more at hexagon.com.

SEOUL, South Korea, June 12, 2024 – SEMIFIVE, a leading SoC design platform, announced it has joined Arm Total Design and will begin developing a new high-performance computing (HPC) platform powered by Arm Neoverse Compute Subsystems (CSS). The HPC platform will provide a backbone for high-performance HPC SoCs utilizing Arm Neoverse CSS and cutting-edge LPDDR6 memory interface.

SEMIFIVE’s HPC platform offers a new paradigm for semiconductor design and manufacturing, promising a significant impact on the market through cost reduction, performance optimization, and development flexibility. This technology will accelerate innovation in the semiconductor industry, meet the needs of diverse customers, and create opportunities for new business models and collaboration across the ecosystem.

Arm Total Design provides partners with expertise and support from a fast-growing ecosystem and preferential access to Arm Neoverse CSS, enabling custom silicon development with less risk and quicker time to market.

SEMIFIVE, a company specializing in SoC platforms and ASIC design solutions, develops SoC design platforms specifically tailored for AI chips. To date, the company has developed three SoC design platforms and has commenced mass production of three products utilizing these platforms. SEMIFIVE plans to build and expand its HPC platform using the high-performance, power-efficient benefits of Neoverse technology to meet the demands of various AI SoC markets.

“It’s super exciting to join Arm Total Design and provide the industry with a truly scalable design solution through our strong partnership with Arm,” said Brandon Cho, CEO and co-founder of SEMIFIVE. “Thanks to Arm Neoverse technology, the foundation of the age of heterogeneous HPC hardware, the HPC platform powered by Neoverse CSS is a significant milestone in how we approach custom chip design and enable innovations.”

“Custom silicon solutions enable efficient, specialized processing to support important sustainability objectives while also meeting the current and future energy needs of AI,” said SW Hwang, president of Arm Korea. “As part of the Arm Total Design ecosystem, SEMIFIVE can leverage the power efficiency benefits of Neoverse CSS to bring next-generation HPC solutions to the industry while reducing costs and time to market.”

“Multi-Die Integration (MDI) for AI applications represents a vital growth and focus segment for Samsung Foundry’s business. We are pleased to offer our advanced 4nm process technology for developing SEMIFIVE Neoverse HPC Platform,” said Taejoong Song, Vice President and Head of Business Development Team at Samsung Electronics. “Samsung Foundry’s SAFE ecosystem will play a critical role in delivering custom HPC SoC designs.”

SEMIFIVE will participate in the Samsung Foundry Forum (SFF) and SAFE forum events as a partner from June 12 to 13 in San Jose, CA and showcase their advanced SoC design solutions for AI applications.

About SEMIFIVE

SEMIFIVE is the pioneer of platform based SoC design, working with customers to implement innovative ideas into custom silicon in the most efficient way. Their SoC platforms offer a powerful springboard for new chip designs and leverage configurable domain-specific architectures and pre-validated key IP pools. They offer comprehensive spec-to-system capabilities with end-to-end solutions so that custom SoCs can be realized faster, with reduced cost and risks for key applications such as data center or AI-enabled IoT. With a strong partnership with Samsung Foundry as a leading SAFE DSP partner, as well as the larger ecosystem, SEMIFIVE provides a one-stop shop solution for any SoC design needs.

For more information, please visit www.semifive.com.

TROY, MI, June 7, 2024 – Altair, a global leader in computational intelligence, has established a new office in Zurich, Switzerland. The office, Altair’s first in Switzerland, will help Altair better serve local and global customers in the region.

“It is thrilling to be operating in Switzerland, which will be an immense benefit for our customers here,” said Enrico Tramacere, managing director, Altair Switzerland. “Our presence solidifies our status as an established and still growing worldwide leader in computational intelligence and we are excited to be closer to our customers in the region.”

Altair’s new Zurich location boosts Altair’s global footprint, which comprises 80 offices in 28 countries worldwide. The Zurich office will serve customers of all varieties and industries, including organizations in healthcare and life sciences, banking, financial services, and insurance (BFSI), automotive, heavy equipment, aerospace, rail, and more.

To learn more, visit www.altair.com/altair-switzerland.

About Altair

Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future.

To learn more, please visit www.altair.com.

FREMONT, CA, Apr 22, 2024 – ASUS announced a new addition to the ASUS Chromebook family – the 14-inch ASUS Chromebook CM14 (CM1402C). Featuring the highly efficient MediaTek Kompanio 520 processor and an all-day battery life, this dynamic laptop is primed to boost productivity and fuel entertainment.

Style and flexibility, elevated

ASUS Chromebook CM14 (CM1402C) embodies pure style, packaging a trendy look and feel in an attractive new Gravity Gray colorway. This creates a refined aesthetic and elegance that will fit any environment, be it for study, work, or relaxation. The laptop is also extremely versatile – featuring a 180˚ lay-flat hinge that makes it easy to share visuals and ideas when working with friends, colleagues, or clients.

Everyday hygiene is also a high priority for the CM14, with the keyboard, touchpad, and palm rest areas all protected by ASUS Antimicrobial Guard^[i] . This factory-applied treatment is scientifically proven to inhibit bacterial growth by up to 99% over a 24-hour period, keeping the laptop cleaner and safer to promote overall wellbeing for the user. The keyboard is also spill-resistant^[ii] and can cope with up to 405 cc of water without harm. In other words, minor spillages can be easily drained, cleaned, and dried.

Remote experiences, leveled up

ASUS Chromebook CM14 (CM1402C) has been engineered for the expanding world of hybrid work and study and is therefore equipped with lots of features to help users communicate and stay safe beyond traditional work and learning environments. For example, Face Auto Exposure, or Face AE – a newly-integrated technology that provides fresh, uplifting experiences when taking pictures or video conferencing with the CM14’s integrated webcam – tracks the user’s face and adjusts the light according to the brightness of the environment to ensure clearer, sharper images. An integrated physical privacy shutter is also included, allowing users to cover the webcam for peace of mind.

Everyday productivity, boosted

Powered by the latest MediaTek Kompanio 520 processor, ASUS Chromebook CM14 (CM1402C) delivers excellent performance for responsive experiences with favorite apps, from productivity tools to entertainment. Combined with the full capabilities of Google Workspace and other productivity apps found on Google Play, the laptop offers access to everything needed to get stuff done in the modern world.

Additionally, an energy-efficient design means that the CM14 has the stamina to empower on-the-go productivity up to 15 hours on a single charge^[iii] – enough for a full workday and beyond. It’s also primed for connection perfection, with integrated dual-band WiFi 6 to ensure stable signals and superfast speeds that will load online content in the blink of an eye. This desirable connectivity capability is further boosted by exclusive ASUS technologies, including the ASUS WiFi Master for ChromeOS^[iv] , to ensure greater speed, stability, and range.

The best of ChromeOS

ASUS Chromebook CM14 (CM1402C) benefits from out-of-the-box access to Google Play, complete with its rich library of apps, games, music, movies, TV, books, and more. The laptop also enables uninterrupted automatic updates ^[v] and benefits from built-in virus protection, seamlessly keeping users safe, secure, and always up to date.

Each purchase of a CM14 carries an offer to redeem a 12-month Google One^[vi] subscription. The membership includes 100 GB of cloud storage to use across Google Drive, Gmail, Google Photos, and many other benefits – all in one shareable family plan.

Military-grade strength

With structural reinforcements to boost chassis strength, ASUS Chromebook CM14 (CM1402C) is solidly built to provide durability – meeting the rigorous MIL-STD 810H US military standard^[vii] . Additionally, the laptop undergoes stringent in-house testing by ASUS – including panel-pressure, shock and drop tests –to ensure maximal toughness, so there’s no need to worry about everyday knocks and bumps. Sustainability is also embraced, with the inclusion of multiple recycled materials to create a product that is more eco-conscious overall.

Availability & Pricing

ASUS Chromebook CM14 (CM1402C) is now available starting MSRP $299.00 on the ASUS Store  and  Best Buy. Please contact your local ASUS representative for further information.

Specifications^[Viii]

About ASUS

ASUS is a global technology leader that provides the world’s most innovative and intuitive devices, components, and solutions to deliver incredible experiences that enhance the lives of people everywhere. With its team of 5,000 in-house R&D experts, ASUS is world-renowned for continuously reimagining today’s technologies for tomorrow, garners more than 11 awards every day for quality, innovation, and design, and is ranked among Fortune’s World’s Most Admired Companies.

^{[i] The antimicrobial treatment is tested by an independent third-party laboratory according to the ISO 22196 standard (measurement of antimicrobial activity on plastics and other non-porous surfaces), using bacterial cultures that include Escherichia coli and Staphylococcus aureus, with antimicrobial activity (R) result of R > 2. R = 2 indicates a 99% reduction in bacterial activity compared to an untreated surface. The antimicrobial treatment is registered by the U.S. EPA and authorized under EU BPR.} 

^{[ii] The ASUS Chromebook CM14 series keyboard is spill-resistant, not waterproof. Water damage is possible if the product is submerged or exposed to large amounts of liquids for long periods of time. ASUS standard limited warranty does not cover problems resulting from accidents such as water damage. To prevent water damage resulting from large spills or other accidents, ASUS recommends turning off the notebook, then tilting the laptop to drain away the excess liquid, wipe it off and let it dry for at least 24 hours.} 

^{[iii] Based on Chromium OS power Load Test. Battery performance is based on a mix of standby, web browsing and other use. Charging time requires the battery to be at least 5% charged, with the device inactive and using the included charger. Actual battery life depends on usage, specifications, applications, and environment, among other factors.} 

^{[iv] ASUS Chromebook CM14 series is certified with ASUS WiFi Master for ChromeOS. Devices certified with ASUS WiFi Master for ChromeOS feature WiFi 6 and offer enhanced WiFi stability when USB 3.2 Gen 2 interference is present, allowing users to stream smoothly when they are up to 225 meters away or more from a router.} 

^{[v] Auto-updates and auto-backup require an internet connection. Chromebook software updates generally arrive every 4-6 weeks but are occasionally delayed to ensure optimal user experience upon rollout.} 

^{[vi] Google One availability varies according to country. Please check with your local ASUS retailer for details.} 

^{[vii] The testing regime includes the requirements of military-grade standards and varies depending on device. MIL-STD-810 testing is conducted on selected ASUS products only. Note that the MIL-STD-810 testing helps to ensure the quality of ASUS products but does not indicate a particular fitness for military use. The test is performed under laboratory conditions. Any damage caused by attempts to replicate these test conditions would be considered accidental and would not be covered by the standard ASUS warranty. Additional coverage is available with ASUS Premium Care.} 

^{[viii] Specifications, content, and product availability are all subject to change without notice and may differ from country to country. Actual performance may vary depending on applications, usage, environment, and other factors. Full specifications are available at http://www.asus.com.}

^{Greg Bentley to Transit to Executive Chair, COO Nicholas Cumins to be Promoted to CEO July 1, 2024}

LONDON, UK, Mar 22, 2024 – Bentley Systems, Inc., the infrastructure engineering software company, announced that effective July 1, 2024, Greg Bentley will transition from Bentley Systems’ CEO to executive chair of its Board of Directors. Nicholas Cumins, currently COO, will then be promoted to CEO, and be proposed to join the Board of Directors.

Greg Bentley

The announcement was made during the opening event for Bentley Systems’ new UK headquarters in the City of London, beginning the observance of the company’s 40^th anniversary.

Nicholas Cumins, CEO designate

Cumins has served as Bentley Systems’ COO since January 2022. He joined Bentley Systems as chief product officer in September 2020 prior to the company’s IPO. Previously he was general manager of SAP Marketing Cloud and served as chief product officer of Scytl, a platform for online voting, and as senior vice president of product with OpenX, a pioneer in programmatic advertising. Before OpenX, he had already served in a variety of senior roles at SAP, including product management, corporate strategy, and business development. Cumins is a dual French and US citizen and is based in France. He holds Maîtrise de Droit (Law) and Maîtrise de Sciences de Gestion (Business) degrees from University Paris II Panthéon-Assas, Paris.

Nicholas Cumins

Nicholas Cumins said, “This year marks the 40th anniversary of the founding of Bentley Systems, at its essence a company of engineers for engineers. Remarkably, the company has been founder- and family-led throughout those four decades. Greg has presided over an extraordinary legacy of long-term growth, sustained innovation, and value creation inspired by a commitment to advancing the world’s infrastructure for better quality of life. Greg has had a profound influence on the lives and careers of Bentley colleagues, and, together with them, on infrastructure engineers worldwide, taking pride in their work and what Bentley software enables them to accomplish. His entrepreneurial spirit is deeply embedded in the company’s culture and values. I am honored to have been selected to follow in his footsteps, and I represent the Bentley leadership team when I say we are confident in our readiness and growth mindset for the coming decades.”

Greg Bentley, Executive Chair designate

CEO since 1995, Greg Bentley is the oldest of five brothers who founded Bentley Systems. Keith, Ray, and Barry Bentley retired within the last several years and remain company Directors.

Greg Bentley said, “I am very pleased to be able to retire from CEO responsibilities this year (at age 69) with such confidence that this completion of our extended succession process now leaves Bentley Systems demonstrably able to increase its potential, while safeguarding its established performance. Under Nicholas Cumins as COO since January 2022 (and chief product officer previously) both our ARR growth and operating margins have consistently improved to the highest levels in our just-now 40-year history. And vitally, over the three-plus years since BSY’s IPO and the expected retirement wave that enabled, we fully reinvigorated our executive leadership with a high-functioning cadre that, while 20 years younger, benefits from valuable public-company experience and is already reaching its collaborative stride.

“Most significantly, our Board determined Nicholas to be the ideal CEO for our future by virtue of the continuity he respects and personifies in our ‘family values’ of dedication to the success of our colleagues and thence the success of our users and accounts. Equally, I am personally excited by the resolve and zeal of Nicholas and this next generation of leaders for technical and commercial innovation within our sustained mission.

“I am looking forward to contributing as executive chair, foreseeably. Beyond supporting Nicholas behind the scenes in the functions naturally new to him, I will remain responsible for overall capital allocation, such as potential platform acquisitions. And by choice I will continue to regularly interact with our investment constituencies, with whom I have found particular affinity. Here’s to Bentley Systems’ next 40 years.”

About Bentley Systems

Bentley Systems is the infrastructure engineering software company. They provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Their 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. Their 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’ 5,200 colleagues generate annual revenues of more than $1 billion in 194 countries.

For more information, visit www.bentley.com.