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January 2001
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Bentley acquires Intergraph's civil engineering, plot-services and raster-conversion software businesses
January 2, 2001 - Intergraph Corporation and Bentley Systems, Inc. announced today the completion of Bentley's acquisition of Intergraph's civil engineering, plot-services and raster-conversion software businesses, which represents about $30 million of annual revenue. The consideration, totaling about $40 million, included a cash payment and installment note payable over three years.
Over the past several months, the two companies have coordinated the transfer, of the management, development, technical support and field personnel dedicated to these products, along with all maintenance and distribution arrangements, from Intergraph to Bentley. Under local agreements, many worldwide Intergraph units will continue to offer these and other Bentley products, such as its flagship MicroStation. During 2001, Intergraph service contracts will be transitioned to the Bentley SELECT technology and services subscription program.
About the Acquired Product Lines
The acquired Intergraph products are integral to Bentley's strategy for empowering the burgeoning E/C/O IT marketplace:
- The plotserver products include the market leader, InterPlot, and the new Digital Print Room line, which supports online digital plotset dissemination and content-based queries, essential to E/C/O e-business. InterPlot and Digital Print Room servers are fundamental to Bentley's Viecon initiatives for engineering information management.
- The raster-conversion products facilitate the creation of editable digital representations of hardcopy engineering drawings. These products include I/RAS Engineer and I/RAS B, the market-share leader, which join Bentley's MicroStation ReproGraphics for these functions. Through I/RAS technologies and aecXML, the now broadly adopted interchange strategy of the International Alliance for Interoperability (IAI), existing drawings and plotsets can be intelligently coded for Web-enabled content management of engineering data.
- The acquired civil products, with MicroStation and the products of Bentley's Strategic Affiliate GEOPAK Corporation, provide the engineering foundation for virtually all of the transportation infrastructure in North America, in addition to the InRoads and InRail products, the acquired applications address civil engineering requirements for construction, site, survey, bridge, storm and sanitary.
In relation to the enormous, ongoing worldwide expenditures on infrastructure, the civil engineering market is technologically under-served, in the absence of other substantial, global software vendors. Moreover, other civil offerings lack the information-management capabilities essential to leveraging data throughout the engineering, construction and operations life cycle. Accordingly, Bentley's acquisition of the Intergraph products opens an international opportunity of unprecedented scope. In the US, Intergraph Government Solutions and Bentley are working together for enterprise-level integration of engineering IT within federal and state agencies.
Also of strategic importance to Bentley, all of
the acquired business lines include technologies that support
AutoCAD and its DWG format, as well as MicroStation and DGN. Hybrid
environments entailing both formats are a unique focus for Bentley's
server-level engineering information management products such as its
market-leading ProjectWise, ProjectBank and ModelServer lines. Early
in 2001, Bentley begins widespread beta-testing of MicroStation V8,
the first product that will support interchangeably referenced DWG
and DGN formats within the same engineering project.
For Details:
www.intergraph.com
www.bentley.com
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