Bentley Systems has acquired sensemetrics (agreement executed) and Vista Data Vision (closed), leading providers of software for the 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.
“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.”
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.”
Finally, sensemetrics’ Thread and Strand connectivity devices can optionally accelerate “plug and play” deployments for wireless sensor devices, even for “off-grid” infrastructure locations.
These capabilities will be closely integrated with the Bentley iTwin platform to enable iTwin partners and users to easily develop and deploy their applications for seamless incorporation of data streams from hundreds of sensor types.
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.