To Accelerate the “Infrastructure IoT”
Opportunity, for Living Digital Twins!
Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure
engineering software company, today announced its acquisitions of
sensemetrics (agreement executed) and Vista Data Vision (closed),
leading providers of software for Internet of Things (IoT)
applications used extensively in infrastructure. sensemetrics and
Vista Data Vision will expand the scope of the Bentley iTwin
platform to add intrinsic IoT capabilities for infrastructure
digital twins to incorporate real-time sensor data. By virtue of
the resulting “infrastructure IoT” standardization, the full IoT
ecosystem will finally be seamlessly accessible for IT/OT/ET
integration, through infrastructure digital twins, to advance asset
performance and to mitigate environmental risks.
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sensemetrics connectivity and cloud
management solutions for distributed sensor networks.
Geotechnical engineering firms, land surveyors, and civil and
structural engineering firms, and asset owner-operators in mining,
transportation, and utilities apply sensemetrics and Vista Data
Vision offerings for geological, geotechnical, structural, and
environmental monitoring including in heavy civil construction,
mines, tunnels, dams, and for water resources. sensemetrics and
Vista Data Vision support interfaces to hundreds of different
sensor devices and related data types, including robotic total
stations, inclinometers, piezometers, strain gauges, crack meters,
tilt meters, extensometers, anemometers, and for vibration data,
pressure cells, temperature, solar insolation, precipitation, water
quality, and air quality.
sensemetrics and Vista Data Vision are particularly
complementary to Seequent, a global leader in 3D modeling software
for geosciences, which Bentley recently announced its agreement to
acquire, subject to regulatory approvals in New Zealand and the
United States. Augmenting Seequent’s Leapfrog models with
continuous monitoring of real-time sensor data, instead of waiting
for updates from intermittent borehole or drillhole investigations,
can advance 3D subsurface digital twins to function as 4D “living”
digital twins—enabling unprecedented improvements in environmental
safety and resilience.
sensemetrics
Founded in 2014 in San Diego, California, sensemetrics has
continually advanced its vision to democratize IoT, and to extend
its benefits across infrastructure assets, through its native cloud
connectivity and edge controls platform – and its successful
propagation, across device vendors, of farsighted sensor-agnostic
standards. The sensemetrics platform is used extensively for
real-time safety and risk monitoring in infrastructure, mining, and
construction activities including to measure and visualize civil
structural movement, for condition assessment, and to help detect
and prevent damage.
sensemetrics’ modular design provides a flexible platform for
developers to build their own applications to meet specific
infrastructure IoT needs. In particular, sensemetrics’ Sensor
Integration Builder uniquely enables asset owners, engineers, and
risk managers to choose their own sensors – with assurance that
they can be seamlessly integrated into digital twin solutions
within a matter of minutes. Finally, sensemetrics’ Thread and
Strand connectivity devices can optionally accelerate “plug and
play” deployments for wireless sensor devices, even for “off-grid”
infrastructure locations.
Vista Data Vision
Based in Reykjavik, Iceland, Vista Data Vision is a
second-generation family business spun out of Vista Engineering,
which pioneered remote, real-time monitoring of power, traffic, and
sanitation systems. In 1991, Vista Data Vision started developing
software for analyzing and managing project data, to be used in
solving real-world engineering problems that required real-time or
near real-time observations, and that could be configured by
nontechnical users, with no software engineering required and no
vendor lock-in.
Vista Data Vision is a stalwart of instrumentation projects,
with unmatched experience gained over the last 30 years in bespoke
applications for some of the most critical engineering use cases.
Its solutions have been used in more than 2,000 projects in more
than 70 countries, collecting millions of data points daily from
hundreds of thousands of sensors.
Infrastructure IoT
By scalably and securely incorporating real-time sensor data,
Vista Data Vision and sensemetrics increase the value of
infrastructure engineering and geotechnical data to empower
proactive risk management, safety, and predictive maintenance
applications. Previously, traditional sensor data capture systems
required specialists to implement and maintain, and were typically
complex, rigid, and costly. Vista Data Vision and sensemetrics have
made widespread infrastructure IoT deployments feasible by
providing simple and reliable means to connect, store, and stream
sensor data from a wide range of sensor devices for continuous and
automated condition monitoring. The maturity and experience of
Vista Data Vision in established engineering use cases to improve
asset and environmental outcomes, along with their software’s
configurability and ease of use, will now be complemented by the
cloud-native device connectivity standardization, and platform
scalability, of sensemetrics.
These capabilities will be closely integrated with the Bentley
iTwin platform to enable iTwin partners and users to easily develop
and deploy their own applications for seamless incorporation of
data streams from hundreds of sensor types. Through the iTwin
platform’s intrinsic span of technical integration, infrastructure
IoT applications can now gain the benefits of the broader IoT
ecosystem including data analytics and visualization through
Microsoft’s Azure IoT, Siemens’ MindSphere, and/or NVIDIA’s
Omniverse. The extension of the iTwin platform for infrastructure
IoT substantially increases the lifecycle ROI, and the contribution
to environmental resilience “handprints,” for 4D infrastructure
digital twins.
The combination presents engineering firms with new “evergreen”
opportunities to extend their value through continuous monitoring
services and to curate, during the operations and maintenance
lifecycle, the infrastructure asset digital twins which they create
for capital project delivery. Examples of infrastructure IoT
digital twin use cases include:
- environmental groundwater monitoring to improve the water
quality of catchment areas, rivers, wetlands, and groundwater
systems to assure a safe level of flood protection;
- dam condition monitoring for groundwater and slope stability
during and after construction;
- near real-time rainfall and weather monitoring to minimize
adverse environmental impacts during construction;
- air quality and meteorological monitoring;
- instrumentation and monitoring services during the repair of
the truss chord on a bridge; and
- monitoring cracks in a cliff to assure safety for ongoing work
at the site.
Bentley Systems CTO Keith Bentley said, “It is exciting to now
be able to close the adoption gap between critical infrastructure
and IoT technologies by integrating these acquisitions through our
iTwin platform to enable living digital twins. We are very pleased
to welcome our new colleagues who (from Vista Data Vision)
originated and have proven the potential of infrastructure IoT, and
who (from sensemetrics) have propagated the standardized cloud
platform to now institutionalize it. They have all led the way, and
the learning curve, towards this ultimate convergence of ET, OT,
and IT, advancing infrastructure engineering and the environment
for everyone.”
“We are thrilled to join the Bentley family and look forward to
expanding the scope and reach of infrastructure instrumentation
projects throughout the world,” said Thorarinn Andresson, CEO of
Vista Data Vision. “Combining the capabilities of Vista Data Vision
with sensemetrics, through the Bentley iTwin platform, will greatly
accelerate our collective users’ benefits from infrastructure
digital twins.”
“Combining our technology strengths with Vista Data Vision, and
within Bentley Systems as the infrastructure engineering software
company, brings closer our goal to effortlessly connect decision
makers with condition monitoring data and insights that are
critical to the safe and efficient operation of their assets,” said
Cory Baldwin, CEO of sensemetrics. “The synergies enabled by
extending infrastructure digital twins through infrastructure IoT
are compelling, and we are excited to play a pivotal role in this
advancement.”
Together, sensemetrics and Vista Data Vision will add
approximately 40 colleagues to Bentley Systems. Their combined
annualized revenues and profitability are not material to, and are
not expected to meaningfully impact, the BSY financial outlook for
2021.
Image 1: sensemetrics
Caption: sensemetrics connectivity and cloud management
solutions for distributed sensor networks.
Image 2: Vista Data Vision
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
Forward-Looking Statements
This press release contains forward-looking statements that
involve risks and uncertainties, including statements regarding:
the planned acquisitions of sensemetrics and Seequent, the
integration and further development of the technology and products
owned and offered by sensemetrics, Vista Data Vision, and Seequent,
and the products, services and business relationships of each such
company.
Any statements made in this press release that are not
statements of historical fact, including statements about our
beliefs and expectations, are forward-looking statements and should
be evaluated as such. Forward-looking statements are based on
Bentley Systems management’s beliefs, as well as assumptions made
by, and information currently available to, them. Because such
statements are based on expectations as to future events and are
not statements of fact, actual results may differ materially from
those projected. Factors that could cause actual results to differ
materially include the following: Bentley’s ability to successfully
integrate or operate the acquired businesses; changes in Bentley’s
and the acquired businesses’ customer base and the industries in
which such customers operate, as well as such customers’ adoption
of new and changing technologies; the competitive environment in
which Bentley and the acquired businesses operate; competitive
responses to the acquisitions; the unanticipated impact of
accounting for acquisitions; and the ability to satisfy the
conditions to the completion of the acquisition of sensemetrics on
the anticipated schedule, or at all.
Further information on factors which may cause actual results to
differ materially from current expectations include, but are not
limited, those described under the heading “Risk Factors” in the
Company’s Annual Report on Form 10-K for the year ended December
31, 2020, and the Company’s subsequent filings with the SEC.
© 2021 Bentley Systems, Incorporated. Bentley, the Bentley logo,
AssetWise, iTwin, MicroStation, ProjectWise, and Vista Data Vision
are either registered or unregistered trademarks or service marks
of Bentley Systems, Incorporated or one of its direct or indirect
wholly owned subsidiaries. sensemetrics is a registered trademark
of sensemetrics, Inc. All other brands and product names are
trademarks of their respective owners.
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Press Contact: Christine Byrne +1 203 805 0432
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