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Bentley Systems (NASDAQ: BSY) has announced its acquisition of EasyPower, a software developer specializing in electrical engineering solutions. Based in Portland, Oregon, EasyPower enhances power distribution system design and analysis. This acquisition aims to integrate EasyPower's tools into Bentley's existing platforms, advancing infrastructure digital twins and improving safety, reliability, and sustainability within power systems. Bentley's CEO, Greg Bentley, emphasized the significance of simplifying complex electrical engineering problems to better align with modern infrastructure needs, while EasyPower's CEO noted the scale-up of their solutions across various sectors.
Positive
Acquisition enhances Bentley's infrastructure digital twin capabilities.
Integration of EasyPower's tools promises improved safety and compliance in power distribution.
Expansion of EasyPower's market reach through Bentley's established platforms.
Negative
None.
To Broadly Incorporate Electrical Modeling and Analysis across the Lifecycle of Infrastructure Digital Twins
EXTON, Pa.--(BUSINESS WIRE)--
Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced it has acquired EasyPower, a leading developer of design and analysis software tools, including arc flash solutions, for electrical engineering professionals. Since its founding in 1984, Portland, Oregon-based EasyPower has innovatively combined graphics-based modeling and analysis in order to make solving complex electrical engineering problems ever more straightforward and accessible. EasyPower products are primarily used for designing, analyzing, and monitoring power distribution systems serving industrial and commercial facilities, to ensure safety, reliability, and regulatory compliance.
EasyPower’s intuitive interface empowers users to digitize their electrical systems, and enables design, analysis, and optimization of complex electrical power distribution systems. Image courtesy of Bentley Systems.
Bentley’s acquisition of EasyPower, to extend integrated and iterative power systems design and analysis for infrastructure digital twins of every type, broadens its comprehensiveness in infrastructure engineering. With an increasingly electrified future and with disparate and widely distributed energy resources on both sides of “the meter,” all infrastructure assets will benefit – in performance, economics, safety and resilience – from continued simulation and assessment of power distribution conditions and designs over their project and operating lifecycles. Priorities for Bentley Systems will include integrating EasyPower’s schema and digital workflows with Bentley’s OpenBuildings, OpenFlows, OpenPlant, OpenRail, and Bentley Raceway and Cable Management applications.
CEO Greg Bentley said, “All infrastructure projects and assets have power distribution systems, which are too frequently analyzed using unnecessarily complicated software that is disconnected from 3D/4D BIM and digital twin workflows. By incorporating EasyPower within our design and modeling portfolio, and our iTwin Platform, we can help enable the distribution systems powering infrastructure to be more readily adapted to new imperatives for sustainability and resilience, while making electrical safety assurance more ubiquitous, accessible, and evergreen.”
EasyPower CEO Kevin Bates said, “We are delighted to be joining Bentley Systems at this point of inflection for electrical power in infrastructure, and in infrastructure digital twins. For nearly 40 years, EasyPower has been simplifying complex electrical engineering problems and helping our customers to confidently complete the job at hand. Our purpose has been to make electricity more accessible, more reliable, and safer to use. Within and for Bentley Systems, we can now substantially scale up EasyPower’s reach – across the world, across infrastructure sectors, and across digital twin lifecycles!”
The acquisition of EasyPower initially adds 45 expert colleagues in North America.
EasyPower’s intuitive interface empowers users to digitize their electrical systems, and enables design, analysis, and optimization of complex electrical power distribution systems. Image courtesy of Bentley Systems.
EasyPower Automated Power System Design and Analysis.
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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 include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, Seequent’s leading geoprofessional software portfolio, and the iTwin Platform for infrastructure digital twins. Bentley Systems employs more than 4,500 colleagues and generates annual revenues of approximately $1 billion in 186 countries.
What was the purpose of Bentley Systems' acquisition of EasyPower?
The acquisition aims to enhance Bentley's infrastructure digital twins by integrating EasyPower's design and analysis software into its existing platforms.
How will EasyPower's software benefit Bentley Systems?
EasyPower's software will improve the design, analysis, and monitoring of power distribution systems, enhancing safety, reliability, and compliance.
What impact does the acquisition have on Bentley Systems' product offerings?
The acquisition broadens Bentley's offerings in electrical modeling and analysis, aligning with modern infrastructure needs.
When was the acquisition of EasyPower announced by Bentley Systems?
The acquisition was announced on February 23, 2023.
What is Bentley Systems' stock symbol?
Bentley Systems is traded under the stock symbol BSY.
