BENTLEY SYSTEMS INC

Bentley Systems, Incorporated (NASDAQ: BSY) is the infrastructure engineering software company, serving nearly 42,000 accounts across 189 countries worldwide. Founded in 1984 and headquartered in Exton, Pennsylvania, the company completed its initial public offering in September 2020. The company's website is www.bentley.com.

Bentley provides a comprehensive portfolio of integrated software offerings spanning the complete infrastructure lifecycle, from design and construction through operations and maintenance. The company serves four primary infrastructure sectors: Public Works and Utilities, which represents approximately 59 percent of sector-attributable annualized recurring revenues; Resources, representing approximately 27 percent; Industrial, representing approximately 9 percent; and Commercial and Facilities, representing approximately 5 percent.

The company's product portfolio includes Bentley Open Applications, a suite of domain-specific modeling and simulation tools such as MicroStation, OpenBridge, OpenBuildings, OpenFlows, OpenRail, and OpenRoads. Seequent applications support geoprofessional modeling and subsurface analysis. Bentley Infrastructure Cloud provides enterprise collaboration and asset management capabilities through products including ProjectWise, SYNCHRO, and AssetWise. Bentley Asset Analytics delivers AI-powered insights for infrastructure asset performance, while the Cesium and iTwin Platform enables creation of infrastructure digital twins.

The company generates revenues from both engineering and construction contracting firms, representing 52 percent of 2025 revenues, and infrastructure asset owners and operators, representing 48 percent. Bentley offers flexible commercial models including Enterprise 365 subscriptions, perpetual licenses with SELECT maintenance, and named-user subscriptions through its Virtuosity e-store. Approximately 60 percent of total annualized recurring revenues utilize Cloud Services Subscriptions by year-end 2025.

As of December 31, 2025, Bentley employed approximately 5,800 full-time colleagues globally, distributed across the Americas, Europe, Middle East and Africa, and Asia-Pacific regions. The company maintains a direct sales channel generating approximately 94 percent of revenues, supplemented by specialist channel partners. Bentley has pursued a disciplined acquisition strategy, including platform acquisitions of Seequent Holdings Limited and Power Line Systems to expand portfolio comprehensiveness across the infrastructure lifecycle.