Bentley Systems Acquires 3D Geospatial Company Cesium
Bentley Systems (Nasdaq: BSY) has acquired 3D geospatial company Cesium, enhancing its digital twin capabilities. Cesium's open platform for 3D geospatial applications and its widely adopted 3D Tiles standard will be integrated with Bentley's iTwin Platform. This combination enables developers to create comprehensive digital twins of infrastructure networks and assets, offering enhanced visualization and decision-making tools.
The acquisition aims to provide a seamless alignment of 3D geospatial data with engineering, subsurface, IoT, reality, and enterprise data. Cesium's CEO, Patrick Cozzi, joins Bentley as chief platform officer. The move is expected to benefit clients like Komatsu, expanding their access to advanced digital twin technology for construction site monitoring and management.
Bentley Systems (Nasdaq: BSY) ha acquisito l'azienda geospaziale 3D Cesium, migliorando le sue capacità di gemello digitale. La piattaforma aperta di Cesium per applicazioni geospaziali 3D e il suo standard 3D Tiles, ampiamente adottato, saranno integrati con la piattaforma iTwin di Bentley. Questa combinazione consente agli sviluppatori di creare gemelli digitali completi di reti e asset infrastrutturali, offrendo strumenti di visualizzazione e di supporto alle decisioni avanzati.
L'acquisizione ha lo scopo di fornire un allineamento senza soluzione di continuità dei dati geospaziali 3D con ingegneria, dati sotterranei, IoT, realtà e dati aziendali. Il CEO di Cesium, Patrick Cozzi, entra a far parte di Bentley come chief platform officer. Si prevede che questa mossa beneficerà clienti come Komatsu, ampliando il loro accesso alla tecnologia avanzata di gemello digitale per il monitoraggio e la gestione dei cantieri.
Bentley Systems (Nasdaq: BSY) ha adquirido la empresa geoespacial 3D Cesium, mejorando sus capacidades de gemelo digital. La plataforma abierta de Cesium para aplicaciones geoespaciales en 3D y su estándar 3D Tiles, ampliamente adoptado, se integrarán con la plataforma iTwin de Bentley. Esta combinación permite a los desarrolladores crear gemelos digitales completos de redes e infraestructuras, ofreciendo herramientas avanzadas de visualización y toma de decisiones.
La adquisición tiene como objetivo proporcionar una alineación perfecta de los datos geoespaciales 3D con ingeniería, datos subsuperficiales, IoT, realidad y datos empresariales. El CEO de Cesium, Patrick Cozzi, se une a Bentley como director de plataforma. Se espera que este movimiento beneficie a clientes como Komatsu, ampliando su acceso a tecnología avanzada de gemelo digital para el monitoreo y la gestión de sitios de construcción.
벤틀리 시스템스 (Nasdaq: BSY)가 3D 지리정보 회사인 세지움(Cesium)을 인수하여 디지털 트윈 기능을 향상시켰습니다. 세지움의 3D 지리정보 응용 프로그램을 위한 개방형 플랫폼과 널리 채택된 3D 타일 표준은 벤틀리의 아이트윈(iTwin) 플랫폼과 통합될 예정입니다. 이 조합은 개발자들이 인프라 네트워크 및 자산의 포괄적인 디지털 트윈을 생성할 수 있게 하여 향상된 시각화 및 의사결정 도구를 제공합니다.
이번 인수의 목표는 3D 지리공간 데이터와 엔지니어링, 지하 데이터, IoT, 현실 및 기업 데이터의 원활한 정렬을 제공하는 것입니다. 세지움의 CEO인 패트릭 코지(Patrick Cozzi)가 벤틀리의 플랫폼 책임자로 합류합니다. 이 조치는 고객인 코마츠(Komatsu)에 혜택을 줄 것으로 예상되며, 건설 현장 모니터링 및 관리에 대한 첨단 디지털 트윈 기술에 대한 접근을 확대합니다.
Bentley Systems (Nasdaq: BSY) a acquis une entreprise de géospatial 3D, Cesium, renforçant ainsi ses capacités en matière de jumeau numérique. La plateforme ouverte de Cesium pour les applications géospatiales 3D et son standard 3D Tiles, largement adopté, seront intégrés à la plateforme iTwin de Bentley. Cette combinaison permet aux développeurs de créer des jumeaux numériques complets de réseaux et d'actifs d'infrastructure, offrant ainsi des outils de visualisation et d'aide à la décision améliorés.
Cette acquisition vise à offrir un alignement harmonieux des données géospatiales 3D avec les données d'ingénierie, de sous-surface, IoT, de réalité et d'entreprise. Le PDG de Cesium, Patrick Cozzi, rejoint Bentley en tant que directeur de la plateforme. Ce mouvement devrait bénéficier à des clients comme Komatsu, élargissant leur accès à une technologie avancée de jumeau numérique pour la surveillance et la gestion des chantiers.
Bentley Systems (Nasdaq: BSY) hat das 3D-Geospatial-Unternehmen Cesium akquiriert, um seine Digital Twin-Fähigkeiten zu verbessern. Die offene Plattform von Cesium für 3D-Geospatial-Anwendungen und der weit verbreitete 3D Tiles-Standard werden in die iTwin-Plattform von Bentley integriert. Diese Kombination ermöglicht es Entwicklern, umfassende digitale Zwillinge von Infrastrukturnetzen und Vermögenswerten zu erstellen und bietet erweiterte Visualisierungs- und Entscheidungsfindungswerkzeuge.
Das Ziel der Akquisition ist es, eine nahtlose Ausrichtung von 3D-Geospatial-Daten mit Engineering, Untergrund, IoT, Realität und Unternehmensdaten zu schaffen. Der CEO von Cesium, Patrick Cozzi, wird Chief Platform Officer bei Bentley. Diese Maßnahme wird voraussichtlich Kunden wie Komatsu zugutekommen und deren Zugang zu fortschrittlicher Digital Twin-Technologie für die Überwachung und Verwaltung von Baustellen erweitern.
- Acquisition of Cesium enhances Bentley's 3D geospatial capabilities
- Integration of Cesium with iTwin Platform creates more comprehensive digital twins
- Expanded market reach with Cesium's 1 million active devices and 10 million downloads
- Potential for improved decision-making tools for infrastructure professionals
- Strengthened position in the digital twin technology market
- None.
Insights
Bentley Systems' acquisition of Cesium is a strategic move to enhance its digital twin capabilities. This consolidation strengthens Bentley's position in the infrastructure engineering software market, potentially leading to increased market share and revenue streams. The integration of Cesium's 3D geospatial technology with Bentley's iTwin Platform creates a comprehensive solution for infrastructure professionals, which could drive adoption and boost Bentley's competitive edge.
While financial details weren't disclosed, the acquisition's impact on Bentley's stock (BSY) could be positive in the long term. Investors should monitor for potential revenue synergies and expanded market opportunities, especially in sectors requiring advanced 3D visualization and digital twin technologies. The deal aligns with the growing demand for digital transformation in infrastructure, positioning Bentley well for future growth.
The merger of Cesium's 3D geospatial platform with Bentley's iTwin technology creates a powerful synergy in the digital twin space. This integration allows for seamless alignment of various data types, from engineering to IoT, within a unified 3D environment. The combined platform's ability to handle vast infrastructure networks and millimeter-accurate asset details is a significant technological advancement.
Cesium's open-source approach and commitment to open standards like 3D Tiles are crucial. This open ecosystem strategy could accelerate adoption and innovation in the geospatial industry. The appointment of Cesium's CEO as Bentley's chief platform officer suggests a strong commitment to integrating and advancing these technologies. This move could lead to more robust, interoperable solutions, potentially setting new industry standards for 3D geospatial applications in infrastructure engineering.
This acquisition positions Bentley Systems to capitalize on the growing digital twin market, estimated to reach
Komatsu's endorsement as a major industry player signals strong market validation. This could lead to increased adoption among other large enterprises, potentially driving Bentley's revenue growth. The commitment to open standards and interoperability is likely to resonate well with the market, as it addresses the growing demand for flexible, scalable solutions in infrastructure engineering. Investors should watch for Bentley's ability to leverage this acquisition to expand its market reach and drive innovation in the digital twin space.
Combination of Cesium plus iTwin offers developers the most comprehensive digital platform for the built and natural environment
Example of a design review process leveraging the Cesium integration with iTwin Platform (Photo: Bentley Systems)
Bentley’s iTwin Platform powers digital twin solutions that are used by engineering and construction firms and owner-operators to design, build, and operate the world’s infrastructure. The combination of Cesium plus iTwin enables developers to seamlessly align 3D geospatial data with engineering, subsurface, IoT, reality, and enterprise data to create digital twins with astonishing user experiences that scale from vast infrastructure networks to the millimeter-accurate details of individual assets—viewed from land, sky, and sea, from outer space to deep below the Earth’s surface.
Bentley CEO Nicholas Cumins said, “A 3D geospatial view is the most intuitive way for owner-operators and engineering services providers to search for, query, and visualize information about infrastructure networks and assets. With the combined capabilities of Cesium and iTwin, infrastructure professionals can make better informed decisions in full 3D geospatial context—all within a single, highly performant environment.”
Patrick Cozzi, CEO of Cesium, continued, “Joining Bentley marks an important milestone for Cesium as we continue our journey to create the best developer platform for the built and natural environment—founded on open standards and open-source technologies. The combined power of our two organizations and our shared commitment to openness will provide new opportunities for growth and create greater value for an already flourishing developer ecosystem that ranges from small start-ups to global enterprises.”
An example is Komatsu, the largest construction equipment manufacturer in
Chikashi Shike, executive officer, Smart Construction Promotion Division, Komatsu Ltd., commented, “Komatsu and Cesium brought novel thinking to the construction industry by leveraging advanced visualizations to deliver more precise insights and enable our customers to make better, more informed construction decisions. With Cesium as part of Bentley, we can further enrich our Smart Construction digital twins with engineering models, subsurface data, and more, for safer and more efficient construction projects.”
In addition to the widespread adoption of its platform, Cesium is also a leader in promoting open standards, such as 3D Tiles for visualizing massive 3D geospatial data, which was adopted as a community standard by the Open Geospatial Consortium (OGC) in 2019.
Peter Rabley, CEO of OGC, said, “As infrastructure sectors become more data-centric, the importance of an open ecosystem will only increase. As the leading voice for open standards and interoperability in the geospatial community, OGC welcomes the ongoing commitment of Bentley and Cesium to solve global challenges through open, interoperable platforms.”
With the acquisition, Cozzi was named Bentley’s chief platform officer, leading the development of the combined Cesium and iTwin platform offerings, reporting to Bentley’s CTO Julien Moutte.
The financial details of the transaction were not disclosed. Dechert LLP acted as legal advisor to Bentley in the transaction.
For additional executive insights, please visit the Bentley Insights & Inspirations blog and the Cesium blog.
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About Bentley Systems
Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings, powered by the iTwin Platform for infrastructure digital twins, include MicroStation and Bentley Open applications for modeling and simulation, Seequent’s software for geoprofessionals, and Bentley Infrastructure Cloud encompassing ProjectWise for project delivery, SYNCHRO for construction management, and AssetWise for asset operations. Bentley Systems’ 5,200 colleagues generate annual revenues of more than
About Cesium
Cesium is the open platform for 3D Geospatial. Cesium created 3D Tiles, the Open Geospatial Consortium community standard for streaming massive 3D geospatial datasets. Use Cesium ion to optimize, host, and combine your data with curated global 3D content and stream to any device. With unique expertise at the intersection of 3D geospatial and computer graphics, Cesium is deeply committed to openness and interoperability through open standards, open APIs, and open source offerings like CesiumJS, Cesium for Unreal, Cesium for Unity, and Cesium for Omniverse. Originally built for Aerospace, Cesium is now used to power thousands of applications in industries like Defense, Architecture, Engineering, Construction and Operations, Commercial real estate, urban planning, and more.
© 2024 Bentley Systems, Incorporated. Bentley, the Bentley logo, AssetWise, Bentley Infrastructure Cloud, Bentley Open, iTwin, MicroStation, ProjectWise, Seequent, and SYNCHRO are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries.
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Source: Bentley Systems, Incorporated
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