Bentley Systems, Incorporated
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Bentley Systems, Incorporated - overview
Established
1984
Location
Exton, PA, US
Primary Industry
Software
About
Based in the US, Bentley Systems, Incorporated provides advanced infrastructure engineering software that enhances design, construction, and operational workflows across various sectors, including transportation and energy. Founded in 1984 in Exton, US, Bentley Systems specializes in infrastructure engineering software. The company has undergone significant growth and strategic investments, including its acquisition of Seequent Limited in June 2021. Levs Starostins, the founder, established the firm with a vision to revolutionize engineering workflows.
In December 2025, Bentley Systems, Incorporated, a portfolio company of Accel-KKR and Pencarrow Private Equity, acquired Talon Aerolytics Inc. Bentley Systems specializes in infrastructure engineering software, primarily focusing on optimizing design, construction, and operational workflows across various sectors, including transportation, water, energy, cities, and mining. The core offerings include the iTwin platform, which facilitates a connected data environment for visualizing, tracking, and analyzing design information among stakeholders, and OpenRoads, which is tailored for transportation infrastructure projects. Their software solutions are purpose-built to enable professionals to enhance productivity, improve asset performance, and adopt sustainable practices.
Bentley’s client base encompasses over 42,000 accounts across 189 countries, serving engineering firms and owner-operators in markets such as North America, Europe, Asia-Pacific, and the Middle East. This diverse geographical reach underscores the company's commitment to addressing unique infrastructure challenges globally. Bentley Systems generates revenue primarily through subscription-based models and software licensing arrangements, facilitating ongoing access to their suite of infrastructure solutions. In 2024, the company reported a revenue of USD 1,353.
10 mn and an EBITDA of USD 374. 096 mn. Clients typically enter into contracts that provide access to various software applications, including flagship products like MicroStation and SYNCHRO 4D, which support collaborative project workflows. The structure of these transactions often involves annual or multi-year subscriptions, enhancing customer retention and ensuring a steady revenue stream.
Current Investors
Accel-KKR, Pencarrow Private Equity
Primary Industry
Software
Sub Industries
Engineering Software
Website
www.bentley.com
Verticals
Cloud Computing, Infrastructure
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Bentley Systems, Incorporated - timeline of key events
Bentley Systems, Incorporated - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 691,700,000 | 736,700,000 | 801,544,000 | 965,046,000 | 1,099,082,000 | - | - | - |
| % Revenue Growth (YoY) | - | 6.5% | 8.8% | 20.4% | 13.9% | - | - | - |
| EBITDA (USD) | 135,600,000 | 149,200,000 | 187,252,000 | 153,337,000 | 287,440,000 | - | - | - |
| Operating Income (USD) | 121,600,000 | 135,000,000 | 150,150,000 | 94,589,000 | 208,612,000 | - | - | - |
| Operating Margin | 17.6% | 18.3% | 18.7% | 9.8% | 19.0% | - | - | - |
| % EBITDA Margin | 19.6% | 20.3% | 23.4% | 15.9% | 26.2% | - | - | - |
| NET Income (USD) | 142,100,000 | 103,100,000 | 126,521,000 | 93,192,000 | 174,780,000 | - | - | - |
| % Net Margin | 20.5% | 14.0% | 15.8% | 9.7% | 15.9% | - | - | - |
Bentley Systems, Incorporated - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Talon Aerolytics Inc | - | ||||||||
| Add-on | Completed | Cesium GS, Inc. | - | ||||||||
| Add-on | Completed | EasyPower LLC | - | ||||||||
| Add-on | Completed | Argos.io Pty Ltd | - | ||||||||
| Add-on | Completed | ADINA R&D, Inc. | - |
Displaying 1 - 5 of 13
Bentley Systems, Incorporated - employee data
Bentley Systems, Incorporated - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Board of Director, Angel Investor, Catalyst | BM |
BM Board Member
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