Over 180 Technology M&A Transactions since 1998
50+ Years of Operational Expertise Across Managing Partners
Charlotte, NC; September 26, 2014 — DecisionPoint, a leader in M&A advisory services for middle-market technology companies, announced today that its client, BLUERIDGE Analytics, Inc., provider of SITEOPS – breakthrough site design optimization “software at your service”, has been acquired by Bentley Systems, Incorporated, the leading company dedicated to providing comprehensive software solutions for sustaining infrastructure.
SITEOPS uses cloud-based computing techniques to empower site development professionals to move beyond engineering to optioneering, which enables the exploration of engineering alternatives and their costs. This substantially improves the choices considered for any site development, including commercial, industrial, institutional, campus, and residential projects. Among the many users of SITEOPS are Stantec, Horrocks Engineers, Langan Engineering and Environmental Services, Timmons Group, and WSP.
Bentley Systems CEO Greg Bentley said, “On behalf of all our colleagues, I welcome the highly industrious and talented SITEOPS team to Bentley. During the past few years we’ve been tracking SITEOPS technology and its performance in order to authoritatively validate its breakthrough capabilities. Feedback we’ve received from engineering teams and owners has substantiated SITEOPS’ tremendous potential in enabling site development teams to deliver new value to owners. Through the power of site optioneering, owners can be confident that their engineers have considered the best choices and arrived at the most cost-effective solutions for the constraints of their respective sites. Hence, I’ve become convinced that site engineering should no longer be done any other way.”
Mike Detwiler, formerly president and CEO of BLUERIDGE Analytics and now Bentley vice president, SITEOPS product development, said, “To date, the development of SITEOPS technology has focused on continuous improvement to conceptual designs. Now, within Bentley’s comprehensive portfolio, SITEOPS’ BIM advancement can contribute throughout project delivery. Accordingly, an initial priority will be to complete the end-to-end workflows that Bentley is uniquely able to offer – from site development through detailed design and construction modeling.”
“This is a terrific strategic combination of two organizations that know each other well and who together have a compelling value proposaition for their client base” said Tom Wilson, Managing Partner, DecisionPoint Advisors. “We were pleased to have the opportunity to help bring these two companies together and look forward to their mutual success in this market.”
About BLUERIDGE Analytics
SITEOPS (www.siteops.com) is patented land development software provided by Charlotte-based BLUERIDGE Analytics. SITEOPS can deliver cost-optimized conceptual site designs and cost estimates in hours instead of weeks, saving users thousands of dollars in unnecessary man-hours during site planning. SITEOPS offers speed and ease of use that allows civil engineers, landscape architects and architects to create and revise plans at the touch of a button. SITEOPS’s clients include Stantec, EXP, Lowe’s Home Improvement, Aurecon, Langan Engineering & Environmental Services, Duke Realty, AECOM, US Army Corps of Engineers and many other firms worldwide.
About Bentley Systems
Bentley Systems is the global leader dedicated to providing architects, engineers, geospatial professionals, constructors, and owner-operators with comprehensive software solutions for advancing the design, construction, and operations of infrastructure. Bentley users leverage information mobility across disciplines and throughout the infrastructure lifecycle to deliver better-performing projects and assets. Bentley solutions encompass MicroStation applications for information modeling, ProjectWise collaboration services to deliver integrated projects, andAssetWise operations services to achieve intelligent infrastructure – complemented by worldwide professional services and comprehensive managed services. Founded in 1984, Bentley has more than 3,000 colleagues in over 50 countries, more than $600 million in annual revenues, and since 2006 has invested more than $1 billion in research, development, and acquisitions.
About DecisionPoint
DecisionPoint is a unique leader in M&A advisory services for middle-market technology companies and their venture capital investors in the software, services, cleantech, biotech, healthcare IT and communication sectors. For additional information on DecisionPoint, visit www.DecisionPointINT.com.
For further information, contact: Tom Wilson, Managing Partner; (704) 248-1124; twilson@decisionpointint.com.