Bentley acquires APM software firm Ivara
Deal will help firm extend infrastructure software offerings
Infrastructure software specialist Bentley Systems has announced the acquisition of Canadian firm Ivara Corporation, a company focused on asset performance management (APM) software solutions for the utilities, oil & gas and petrochemical sectors. Bentley says the deal will help it expand its AssetWise asset lifecycle information management software and services.
“The Ivara acquisition may be our most significant in years, because it creates an unprecedented opportunity for us to leverage information mobility – not only within but between CAPEX and OPEX, by way of our ProjectWise and now-expanded AssetWise platforms, with shared services for asset lifecycle information management. Although increasing proportions of owners’ expenditures have been applied towards respectively accumulating engineering and operations information, to date this investment has yielded limited returns due to what we might call “information mortality”: data stranded in place until it becomes useless.
“But with Ivara and our resulting APM focus, we are today accelerating information mobility – in terms of the amounts and types of information productively reused – by software innovations ranging from interactive inspections to health modeling, which apply consumer-driven technology advances to ‘industrialised’ projects and environments,” said Greg Bentley, CEO of Bentley Systems.
This is the second acquisition Bentley has made this year, following an earlier deal to acquire InspectTech – a transportation asset management specialist.