BENTLEY SYSTEMS INC

Bentley Systems is an infrastructure engineering software company that develops and supports a comprehensive portfolio of integrated software offerings. The company was founded in 1984 and completed its initial public offering on September 25, 2020. Bentley Systems' software enables digital workflows to improve project delivery and asset performance for users who design, build, and operate infrastructure assets. The company serves four primary sectors: Public Works/Utilities, Resources, Industrial, and Commercial/Facilities. The Public Works/Utilities sector accounts for approximately 59% of its sector-attributable annualized recurring revenues (ARR) and includes roads, rail, bridges, tunnels, airports, ports, federal, state, and municipal agencies, and networks for electricity, gas, water, wastewater, and communications. The Resources sector represents approximately 27% of its sector-attributable ARR, covering mining, oil and gas upstream activities, offshore, pipelines, environmental management, and renewable energy. The Industrial sector, representing approximately 9% of its sector-attributable ARR, includes process and discrete manufacturing, oil and gas downstream activities, and power generation. Finally, the Commercial/Facilities sector, which represents approximately 5% of its sector-attributable ARR, includes campuses, office buildings, retail facilities, and hospitals. Bentley Systems' products and offerings serve enterprises and professionals throughout the infrastructure lifecycle, from the design and construction of new projects to the operation and maintenance of existing assets. For projects, the software supports conception, planning, surveying, design, engineering, construction, and team collaboration. For assets, the software manages engineering changes for safety and compliance and models performance and reliability to support operations and maintenance decisions. Bentley Open Applications and Seequent applications are primarily cloud-connected desktop modeling and simulation applications for engineering and geoprofessional disciplines.