Bentley Systems Releases 2012 Annual Report Online

Bentley Systems, Incorporated, the company dedicated to providing comprehensive software solutions for sustaining infrastructure, today announced the release of its 2012 Annual Report, available in digital format at www.bentley.com/annualreport. In addition to providing the company’s 2012 performance highlights, the publication sets the stage for Bentley’s 2013 priorities.

Performance highlights include:

• · revenues grew 5 percent to a record $550 million on an historical GAAP basis; in constant currencies, GAAP revenues grew 8 percent and organic growth was 6 percent;
• · subscriptions reached a record 74 percent of revenues;
• · applications use was logged by over 1 million users in 165 countries – and nearly 2 million users when including Passports and iWare apps;
• · investment in R&D and acquisitions was at a record level of nearly $200 million, bringing the total invested since 2005 to more than $1 billion.

Commenting on the 2012 Annual Report, CEO Greg Bentley said, “Our annual reporting to our user organizations this year goes beyond performance metrics. It also introduces groundbreaking Bentley innovations and initiatives that support our agenda for 2013 – Connecting Globally. Among them are new apps for mobile devices that empower users to secure information mobility on construction sites and field locations; new products and services for persistent point clouds across infrastructure lifecycles; new strategic alliances with major organizations, including Siemens, Trimble, and AASHTO, that will result in new connectivity among systems; and newly reprogrammed events for in-person global connections, including The Bentley LEARNing Conference for hands-on learning and The Year in Infrastructure 2013 Conference for thought leaders.”

A digital version of Bentley Systems’ 2012 Annual Report is available at www.bentley.com/annualreport.

About The Bentley LEARNing Conference

The Bentley LEARNing Conference (formerly Be Together: The Bentley User Conference) is being held at the Pennsylvania Convention Center in Philadelphia, Pa., U.S.A., May 13-16, 2013. The conference, which has been streamlined expressly for hands-on learning, is the first of a global network of Be Together learning events throughout the year offering users of Bentley software and services practical solutions, product training, and professional networking. The conference is exclusively for Bentley LEARN subscribers, for whom there is no attendance charge as a benefit of their enrollment in the Bentley LEARN Passport or Bentley LEARN Subscription program.

To register for the conference or for additional information, visit www.Bentley.com/LEARN2013.

About The Year in Infrastructure 2013 Conference

The Year in Infrastructure 2013 Conference is being held in London, October 28-31. This global gathering of leaders in the world of infrastructure design, construction, and operations will feature a series of presentations and interactive workshops exploring the intersection of technology and business drivers and how it is shaping the future of infrastructure delivery and investment returns. The conference will also include the 2013 Be Inspired Awards finals.

In addition, more than 100 members of the global media will attend The Year in Infrastructure 2013 Conference to learn about the latest advances in technology and best practices and how Bentley users are leveraging these innovations for better-performing, intelligent infrastructure.

For additional information about The Year in Infrastructure 2013 Conference, see page 16 in the 2012 Annual Report.