Bentley has recently acquired two new companies—sensemetrics (agreement executed) and Vista Data Vision (closed). The two companies are respectively the leaders in software for infrastructure instrumentation and sensor management. They are critical leaders in the Internet of Things (IoT) space.
Both companies will aid Bentley’s missions in both infrastructure solutions and digital twins, enabling the incorporation of real-time data streaming from physical sensors in infrastructure connected to intelligent software systems.
A San Diego, California, based company, sensematics was founded in 2014. The company offers cloud-connectivity and edge control platform options for infrastructure assets. The company’s tools and solutions help check real-time safety and risk in infrastructure, mining, and construction activities. Their solutions are sensor-agnostic providing flexibility for asset owners to select the sensor systems they wish to use, which can be integrated with sensemetric’s Sensor Integration Builder.
Vista Data Vision
This second company is from Iceland and is a second-generation family business spun out of Vista Engineering, which pioneered remote, real-time monitoring of power, traffic, and sanitation systems. The company has software systems, beginning in the early 90s which developed into analyzing and managing project data useful for solving real-world engineering problems based on real-time or near real-time observations. Uniquely, that software can be configured by non-technical users with no software or engineering required and no vendor lock-in.
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. The older way of working with sensor data was complex and required specialists, but these two companies have created solutions that democratize key technologies and enable greater capitalization of non-technical or non-specialists employees to incorporate and work with these systems.
Both company’s systems align with Bentley’s Twin platform to enable iTwin partners and users to easily develop and deploy their own applications for sensor-based, smart infrastructure management.
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.
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.