STOCK TITAN

Bentley Systems Announces Acquisition of Mobility Simulation Leader INRO

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Rhea-AI Summary

Bentley Systems (Nasdaq: BSY) has acquired INRO Software, a leader in multimodal transportation planning and traffic simulation, enhancing Bentley's capabilities in mobility digital twins. This strategic move aligns with the anticipated infrastructure investments in the U.S. and the need for transportation systems to adapt to urbanization and carbon reduction. INRO's advanced solutions like Emme, Dynameq, and CityPhi integrate with Bentley's software to optimize mobility planning and infrastructure management across urban and regional scales.

Positive
  • Acquisition of INRO enhances capabilities in mobility digital twins.
  • Strengthens position in urban planning and infrastructure management.
  • INRO products like Emme and Dynameq add value to Bentley's offerings.
Negative
  • None.

Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the acquisition of INRO Software, a global leader in multimodal transportation planning, traffic simulation, and mobility visualization software. The acquisition expands Bentley’s capabilities in the important growth area of mobility digital twins, just as countries including the U.S. are poised to make a generational investment in infrastructure, and as transportation systems must evolve faster to accommodate both urbanization and carbon reduction goals, and the transition to electric and autonomous vehicles.

Image produced with Emme (www.inrosoftware.com/emme) using data from Metro (https://www.oregonmetro.gov/) (Image courtesy of INRO)

Image produced with Emme (www.inrosoftware.com/emme) using data from Metro (https://www.oregonmetro.gov/) (Image courtesy of INRO)

INRO, based in Montreal, Quebec, Canada, has for more than 40 years contributed to the advancement of mobility simulation and modeling for metropolitan, regional, and national transport and transit operators and planning agencies. Users of its multimodal simulation offerings include some of the world’s busiest transit systems and metros, such as Transport for London, Transport for New South Wales, the Washington State Department of Transportation, the Swedish Transport Administration Trafikverket, and the public transport system of São Paulo SPTrans.

INRO’s products include Emme, a multimodal transportation planning system for urban, regional, and national transportation forecasting; Dynameq, a vehicle-based traffic simulation platform for city-wide traffic planning; and CityPhi, a mobility visualization solution providing data visualization and visual analytics of large-scale mobility and geospatial datasets.

Combining the capabilities of INRO’s advanced traffic and vehicle simulation with Bentley’s passenger and pedestrian simulation and civil design software, including CUBE, Streetlytics, LEGION, and OpenRoads, places Bentley in a very strong position to deliver comprehensive mobility digital twins of multimodal transportation systems at urban, metropolitan, regional, and national scale.

Advancing Mobility Digital Twins

Urban planners are seeking to understand the ongoing impacts—on transportation system performance, reliability, and accessibility—of the new opportunities and challenges of private and shared mobility, the propensity for cycling or walking, connected autonomous vehicles, and potential congestion charging. With respect to their traditionally circumscribed use of transportation modeling tools in isolation and only on occasion, multiple advantages are now attainable through mobility digital twins, which can be continuously updated with as-operated engineering conditions and with observed traffic data. Mobility digital twins bring these functions together so that infrastructure planning and simulations can be continuously valuable throughout engineering, construction, and operations.

The pandemic experience reinforces the resilience value of sustaining “evergreen” planning and engineering modeling and simulation to maintain fitness for purpose during unanticipated eventualities. With the priority now on “building back better,” it is increasingly recognized that the most economical way to augment infrastructure capacity, while accomplishing the needed energy transitions toward climate sustainability, is to optimize the utilization, configuration, and life extension of existing mobility assets, while adding integrated and appealing public transit options.

This requirement now sets the stage for mobility digital twins that need to be multimodal, need detailed dynamic traffic assignment and agent-based methods for veracity, and need to scale up to systemwide and regionwide—uniquely hallmarks of INRO. As the leader in infrastructure digital twins, Bentley’s iTwin platform can now bring together—with the best-validated aggregate and individual vehicle and pedestrian simulation—3D/4D continuous surveying and reality modeling, civil engineering and project delivery, and asset and network performance. Ultimately, the opportunity for digital cities is to save their constituents time in their day, while at the same time improving congestion and climate resilience, and safety.

“We are very pleased to welcome INRO to Bentley Systems,” said Robert Mankowski, senior vice president, digital cities, Bentley Systems. “Professor Michael Florian and his team led the research of advanced multimodal network modeling methods which helped establish state-of-the-art mobility simulation, and in this next generation his son Dan is leading its software future in our mobility digital twin advancement. With the addition of INRO and its world-class team, Bentley Systems can even better accelerate cities and regions in going digital to ‘build back better’!”

Dr. Michael Florian, founder of INRO, said, “Bentley is a recognized leader in transportation across the infrastructure lifecycle from planning and design to heavy civil construction and road network management. My colleagues and I are very excited to join Bentley and to help realize the vision shared by thousands of cities and urban regions throughout the world to improve their sustainability and quality of life.”

Image 1: Emme

Caption: Image produced with Emme (www.inrosoftware.com/emme) using data from Metro (https://www.oregonmetro.gov/)

Image 2: Dynameq

Caption: Image produced with Dynameq (www.inrosoftware.com/dynameq) using data from SFCTA (https://www.sfcta.org/)

Image 3: CityPhi

Caption: Image produced with CityPhi (www.inrosoftware.com/cityphi) using data from http://www.andresmh.com/nyctaxitrips/

Image 4: INRO Products

Caption: INRO is a global leader in multimodal transportation planning, traffic simulation, and mobility visualization software

Video: Seattle synthetic travel demand model

Caption: Illustration of ~20 million activities completed over the course of a day by 3.6 million people from a synthesized travel demand model of the Seattle metropolitan region. Activities are shown as time-animated vertical extrusions of population movements colored by purpose. The heads-up display summarizes the visible population by current activity. Video prepared by INRO using CityPhi (www.inrosoftware.com/cityphi). More information on source data, provided by PSRC, is available at https://www.psrc.org/activity-based-travel-model-soundcast.

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, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annualized revenues of more than $800 million in 172 countries. www.bentley.com

© 2021 Bentley, the Bentley logo, AssetWise, CUBE, INRO, Emme, Dynameq, CityPhi, iTwin, LEGION, MicroStation, OpenRoads, ProjectWise, and Streetlytics are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners.

FAQ

What is the purpose of Bentley Systems' acquisition of INRO Software?

The acquisition aims to enhance Bentley Systems' capabilities in mobility digital twins and improve transportation planning and simulation.

How does the INRO acquisition impact Bentley Systems (BSY)?

The acquisition strengthens Bentley's position in urban infrastructure planning, enabling better simulation and management of transportation systems.

What are the key products included in the INRO acquisition?

Key products include Emme, a transportation planning system; Dynameq, a traffic simulation platform; and CityPhi, a mobility visualization solution.

When was the acquisition of INRO by Bentley Systems announced?

The acquisition was announced on April 14, 2021.

Bentley Systems, Incorporated Class B

NASDAQ:BSY

BSY Rankings

BSY Latest News

BSY Stock Data

14.57B
156.28M
46.04%
43.3%
2.09%
Software - Application
Services-prepackaged Software
Link
United States of America
EXTON