BENTLEY-SYSTEMS
11.3.2020 17:16:06 CET | Business Wire | Press release
Bentley Systems, Incorporated, a leading global provider of comprehensive software and digital twins services for advancing the design, construction, and operations of infrastructure, today announced the acquisition of GroupBC , a leading UK SaaS software innovator. For over twenty years, GroupBC’s and Bentley’s software solutions have been deployed for complementary purposes to improve project and asset information management. The transaction results from GroupBC’s expansion agenda, and Bentley’s investment appetite, for international growth opportunities stemming from the UK’s national initiatives for major infrastructure investment and towards infrastructure digital twins.
GroupBC’s CDE solutions, BC Projects and BC Enterprise+ , have been widely applied in the UK for information management respectively across construction and asset estates. Largely due to the UK’s substantiated ROI experience and its global thought leadership, CDEs have become increasingly availed globally in “going digital” for capital projects and resulting assets. In 2019, the UK’s (BS 1192) construction project information management guidelines were largely adopted within the global standard ISO 19650.
Also in 2019, in its inaugural study of the overall market for Collaborative BIM, ARC Advisory Group ranked Bentley’s ProjectWise system as #1 worldwide. The new opportunity is to build on ISO 19650, and GroupBC’s UK information management experience, to advance collaborative BIM, through “evergreen” digital twins, to span infrastructure lifecycles. In combination, Bentley’s iTwin Services will now be leveraged to uniquely connect GroupBC CDEs and ProjectWise CDEs. Through semantic alignment and change synchronization, the resulting digital twins cloud services will securely federate – fully enabling 4D mixed reality and analytics visibility – previously separate CDEs for construction and engineering.
Keith Bentley, Chief Technology Officer for Bentley Systems, said, “Our iTwin cloud services, taking advantage of iModel-based solutions for interoperability, are ideal for federating CDEs. This enables us to assure that the users of our BC SaaS services will benefit from further extending the value of their project and asset information through digital twins. With the help of our new GroupBC colleagues, we will now be able to better serve engineers, contractors, and owners by bringing together their collective IT (information management), OT (operational technologies including reality modeling), and ET (engineering models). I am confident that the resulting improvements in project and asset performance will be consistent with the UK’s demanding but welcome expectations for new ROI breakthroughs from digital twins.”
Simon Horsley, UK regional executive for Bentley Systems, said, “Our many UK users, projects, and owners in common with GroupBC will gain a lot from our joining forces to advance CDEs through digital twins. I have been tasked by Bentley management to help the UK to continue to lead the world in going digital for infrastructure advancement, and our new offerings and colleagues from GroupBC bring essential momentum as we pool resources to meet our market’s expanded ‘infrastructure revolution’ requirements. I particularly welcome to Bentley Systems GroupBC’s co-founders Sanjeev Shah and Stephen Crompton, and CEO Wes Simmons.”
Sanjeev Shah, co-founder of GroupBC, said, “This is a hugely exciting day for our shared accounts and for both our workforces moving forward. The opportunities which arise from bringing our two companies and their respective product portfolios together are enormous, as is the global reach which Bentley can now add for us. Working together we will be even better able to support, through ‘going digital,’ construction and asset lifecycles.”
Stephen Crompton, CPO and co-founder of GroupBC, added, “Bentley is going to provide a great new home for our products to thrive in. GroupBC have always promoted an integrated, best-of-breed approach, and being able to complement our leading software solutions with existing best-of-breed products from Bentley presents a uniquely exciting opportunity for us and our user organizations, opening the door for unparalleled integration between our solutions and bridging the gaps between design, construction and ongoing asset information management.”
Wes Simmons, CEO of GroupBC, said, “Our founders and I would like to thank our equity partner YFM for their visionary support over the last five years. For our GroupBC team, customers, and partners, joining Bentley Systems ensures a future of continued growth, including beyond construction information management through broadly federated digital twins, and international expansion. Here’s to BC CDE and digital twins advancement!”
Image: https://www.bentley.com/-/media/Images/Press Release Images/2020/Group_BC_v2_Screens_1920x1080
Caption: GroupBC offers a highly secure, yet flexible common data environment (CDE), providing powerful document and information management in the cloud for construction projects and built assets.
About GroupBC
GroupBC has been developing enterprise-scale information management solutions for construction-related projects and asset owners since 1998. GroupBC’s extensible, UK hosted Common Data Environment (CDE) makes it easy for teams to collaborate, manage and share documents data and spatial information from a central, secure cloud-based platform.
GroupBC is renowned for pushing the boundaries of technology, integrating project and asset data with external systems and datasets in order to provide rich and valuable insights which enable timelier and better decision making. Customers include Balfour Beatty, Costain, Nationwide Building Society, Sainsbury’s and Thames Water.
www.groupbc.com
About Bentley Systems
Bentley Systems is a leading global provider of software solutions to engineers, architects, geospatial professionals, constructors, and owner-operators for the design, construction, and operations of infrastructure. Bentley’s MicroStation -based engineering and BIM applications, and its digital twin cloud services, advance the project delivery (ProjectWise ) and the asset performance (AssetWise ) of transportation and other public works, utilities, industrial and resources plants, and commercial and institutional facilities.
Bentley Systems employs more than 3,500 colleagues and generates annual revenues of more than $700 million in 172 countries. From inception in 1984, the company has remained majority-owned by its five founding Bentley brothers. www.bentley.com
Bentley, the Bentley logo, AssetWise, iTwin, MicroStation, and ProjectWise 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200311005586/en/
Link:
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
FDA Issues Modified Risk Tobacco Product Orders for 20 ZYN Nicotine Pouch Products30.6.2026 18:19:00 CEST | Press release
FDA’s decision makes ZYN the first nicotine pouch product to receive MRTP orders authorizing reduced-risk claims versus cigarettes Philip Morris International Inc. (PMI) (NYSE: PM) today announced that the U.S. Food and Drug Administration (FDA) issued Modified Risk Tobacco Product (MRTP) orders for 20 variants of ZYN nicotine pouch products. These are the first MRTP orders granted for nicotine pouches, allowing PMI U.S. to market the following claim for the authorized ZYN products: “Using ZYN instead of cigarettes puts you at a lower risk of mouth cancer, heart disease, lung cancer, stroke, emphysema, and chronic bronchitis.” “FDA’s decision is an important moment for the more than 45 million legal-age nicotine consumers in America,” saidStacey Kennedy, PMI U.S. CEO. “Today’s news ensures these adultshave access to accurate, science-based information, including FDA-authorized evidence that switching from cigarettes to ZYN reduces the risk of smoking-related diseases like heart disease
Caidya Announces Strategic Combination with Simbec-Orion Bridging Early Scientific Insight and Global Clinical Execution30.6.2026 17:00:00 CEST | Press release
Caidya today announced a strategic combination with Simbec-Orion designed to close the divide between early scientific insight and global clinical execution. The combination of Caidya and Simbec-Orion creates a differentiated specialty clinical CRO platform that enables programs to scale, maintaining focus, speed, and accountability. The strategic combination brings together complementary strengths to create a more complete development partner for innovative biopharma companies. With established operations across Europe, the Americas, APAC, and China, the combined organization provides meaningful expertise and execution capabilities in the regions that matter most. Simbec-Orion brings early-phase clinical pharmacology capabilities alongside deep therapeutic expertise for later stage complex oncology and rare disease trials, helping sponsors shape critical decisions early in the development lifecycle. Together, the organizations strengthen their ability to support complex, cross-border
Archer® Proves Purpose-Built AI Beats General-Purpose LLMs on Regulatory Change Management: 95% Verified Accuracy, 80x Faster, 92% Lower Cost30.6.2026 16:13:00 CEST | Press release
In a head-to-head benchmark, a leading general-purpose LLM was confidently wrong 35% of the time on regulatory dates. Archer Evolv™ shipped zero errors. For enterprises deploying AI in compliance, a wrong date is a missed deadline. The more dangerous failure is a wrong answer the model returns with high confidence, one that flows silently into a compliance calendar and is only discovered after the window has passed. Archer® today released results showing purpose-built AI beats a general-purpose large language model (LLM) on regulatory work, and it’s not close. This head-to-head test compared Archer’s purpose-built, vertical-specific AI and proprietary data sets against a leading general-purpose LLM, on a core compliance task: determining the publication, effective and comment-close dates of regulatory documents across six jurisdictions. General-purpose models are a genuine breakthrough, and this is no referendum on their quality. The question Archer set out to answer is narrower and mo
Altasciences Supports Key Development Milestone for Steel Therapeutics’ Lead Therapeutic Candidate, Fizurex™30.6.2026 16:08:00 CEST | Press release
Altasciences, a leading drug development organization, today announced a significant milestone in the development of Steel Therapeutics, Inc.’s pivotal toxicology study for its lead product candidate, Fizurex™, for the treatment of anal fissures. The successful completion of the study plays a significant role in the advancement of Fizurex™ toward first-in-human trials. The GLP-compliant study demonstrated a favorable safety profile, which has advanced Steel Therapeutics' plans to submit an Investigational New Drug (IND) application for Fizurex™ to the FDA in Q3 2026. Fizurex™, a patent-pending, single-use topical wipe, was designed to provide a standardized, accessible treatment option for a painful and often undertreated medical condition. The product builds on years of use through compounding pharmacy prescriptions and is now advancing toward clinical development and regulatory review. "We are proud to have supported Steel Therapeutics with the generation of the high-quality safety d
Interactive Brokers Expands Access to Korean Equities with Launch of Nextrade ATS30.6.2026 16:00:00 CEST | Press release
IB SmartRouting℠ Routes Orders to the Best Available Price Between KRX and Nextrade Interactive Brokers (Nasdaq: IBKR), an automated global broker, today announced the launch of select Korean equities through Nextrade, South Korea's first Alternative Trading System (ATS). The addition of Nextrade builds on Interactive Brokers' earlier launch of the Korea Exchange (KRX), through which it became the first major US-based broker to provide global investors with direct access to Korean equities. Clients trading on Nextrade benefit from significantly extended trading hours and access to additional liquidity. Interactive Brokers has enabled IB SmartRouting℠ across both the Korea Exchange (KRX) and Nextrade, automatically routing orders to the venue offering the best price. This helps clients achieve best execution while providing greater flexibility and more opportunities to participate in one of Asia's most dynamic equity markets. Korea's equity market ranks among the top global exchanges by
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom