Business
Bentley Systems Announces Strategic Agreement with Worldsensing
Worldsensing Acquires sensemetrics’ Thread Connectivity Device Business, While Bentley Becomes Lead Investor in Worldsensing’s Series D Capital Raise, and
About this update from Bentley Systems, Incorporated
[{"type":"text","content":"\nWorldsensing Acquires sensemetrics’ Thread Connectivity Device Business, While Bentley Becomes Lead Investor in Worldsensing’s Series D Capital Raise, and Both Parties Align on a Unique Joint Go-to-Market Offering\n\n EXTON, Pa. & BARCELONA, Spain--(BUSINESS WIRE)--\nBentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced it has entered into a non-exclusive commercial agreement to strategically accelerate the adoption of Infrastructure IoT, further unlocking value for infrastructure designers, constructors, and owner-operators in their use of infrastructure digital twins. To this end, Worldsensing is acquiring from Bentley sensemetrics’ Thread connectivity device business to expand its hardware portfolio offerings. Bentley also becomes the lead investor in Worldsensing’s Series D capital raise.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230322005676/en/Worldsensing’s Connectivity Devices fully integrated with Bentley’s sensemetrics software and iTwin IoT cloud services. Image courtesy of Worldsensing.\nWorldsensing’s acquisition of the Thread connectivity device business will offer new options to its customers where adaptive sensor integrations or active sensor management are a key requirement. Thread offers broadband sensor connectivity to uniquely connect dynamic, high-power, or high-speed sensors and stream sensor data to the cloud for analysis. Thread is a fully autonomous sensor connectivity device with optional integrated 4G/LTE cellular modem, wireless mesh networking, and battery pack in a weather resistant enclosure. Each broadband device also serves as a gateway for wireless smart sensors. Combined with Worldsensing’s existing market-leading offerings, Thread will be a driver for new growth opportunities. Worldsensing will become a preferred sensor connectivity partner to Bentley and Bentley will become a preferred IoT software partner to Worldsensing offering mutual users a best-in-class fully integrated end-to-end sensor management solution.\n\n“We are thrilled to enter into this agreement with Bentley Systems,” said Ignasi Vilajosana, CEO of Worldsensing. “The acquisition of sensemetrics’ Thread connectivity device business will expand our portfolio and allow us to provide more options to our cu...