Protects Value of Software Investments by Empowering New and Existing Users to Annually Optimize Their Portfolios for Highest Utility
EXTON, Pa. — (BUSINESS WIRE) — March 2, 2011 — Bentley Systems, Incorporated, the leading company dedicated to providing comprehensive software solutions for sustaining infrastructure, today introduced, during its first Annual Corporate Update conference call, an innovative new “sustainable licensing” business model based on annual Portfolio Balancing. With this industry milestone, users no longer need to settle for software investments that depreciate in value due to changing technology, project mix, or operations needs. Through Portfolio Balancing, new purchasers of Bentley product licenses, along with existing Bentley SELECT subscribers, can annually exchange underutilized Bentley software for software of equal value (based on current list price) that meets existing or upcoming needs.
As Bentley COO Malcolm Walter explained, “Over the years we have learned that our user organizations’ software needs change as their businesses change, which is a given in AEC (architecture, engineering, and construction). The mix of applications now required could be very different from the mix in use, say, five years ago. In fact, most users depreciate their software fully after only three years.”
Walter continued, “At Bentley, with the world’s broadest portfolio of software applications for the infrastructure professions, we would rather have our users see their Bentley software as a sound investment, not an expense. With Portfolio Balancing, our users can annually exchange their current combination of applications for a new combination of equal value. So when a user organization licenses a single application from Bentley and covers it under SELECT, it has effectively licensed access to our entire portfolio, including new and future products. It can rest assured that as its business changes, its Bentley portfolio can change in accordance.”
Walter concluded, “With Portfolio Balancing, they get a perpetually sustainable license that never depreciates. As far as we know, no other software vendor offers anything remotely similar.”
Commenting on Bentley’s new licensing practice, Amy Konary, IDC research vice president, Software Licensing and Provisioning, said, “Bentley’s Portfolio Balancing is designed to provide customers with a software investment protection plan that is straightforward and flexible. With the pace of technology innovation today, any licensing approach should help ensure customers receive perpetual value from their perpetual license assets.”
About Bentley Systems, Incorporated
Bentley is the global leader dedicated to providing architects, engineers, geospatial professionals, constructors, and owner-operators with comprehensive software solutions for sustaining infrastructure. Bentley’s mission is to empower its users to leverage information modeling through integrated projects for high-performing intelligent infrastructure. Its solutions encompass the MicroStation platform for infrastructure design and modeling, the ProjectWise platform for infrastructure project team collaboration and work sharing, and the AssetWise platform for infrastructure asset operations – all supporting a broad portfolio of interoperable applications and complemented by worldwide professional services. Founded in 1984, Bentley has grown to nearly 3,000 colleagues in more than 45 countries and $500 million in annual revenues. Since 2001, the company has invested more than $1 billion in research, development, and acquisitions.
Additional information about Bentley is available at www.bentley.com and in Bentley’s annual report. For Bentley news as it happens, subscribe to an RSS feed of Bentley press releases and news alerts. To view a searchable collection of innovative infrastructure projects from the annual Be Inspired Awards, access Bentley’s Year in Infrastructure publications. To access a professional networking site that enables members of the infrastructure community to connect, communicate, and learn from each other, visit Be Communities.
To download the Bentley Infrastructure 500 Top Owners ranking, a unique global compendium of the top public- and private-sector owners of infrastructure based on the value of their cumulative infrastructure investments, visit www.bentley.com/500.
Bentley, the “B” Bentley logo, Be, Bentley SELECT, ProjectWise, and MicroStation 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.