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.comâ�¯
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding: the planned acquisition of Seequent and the timing thereof, the impact of the acquisition on Bentley’s financial condition and results of operations and the products, services and business relationships of each of Bentley and Seequent.
Any statements made in this press release that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements and should be evaluated as such. Forward-looking statements are based on Bentley Systems management’s beliefs, as well as assumptions made by, and information currently available to, them. Because such statements are based on expectations as to future events and are not statements of fact, actual results may differ materially from those projected. Factors that could cause actual results to differ materially include the following: Bentley’s ability to successfully integrate or operate Seequent’s business; any costs or delays attributable to obtaining required regulatory approvals for the acquisition; costs related to the acquisition; adverse changes in the capital markets environment and Bentley’s ability to access additional financing on terms acceptable to it or at all; changes in Seequent’s customer base or geographic footprint; failure to retain personnel necessary for the operation or integration of Seequent’s business; changes in the industries in which Seequent’s customers operate; the competitive environment in which both Bentley and Seequent operate and competitive responses to the acquisition; Bentley and Seequent’s ability to innovate, develop new products or modify existing products; general economic, market and business conditions; unanticipated impact of accounting for acquisitions; and the ability to satisfy the conditions to the completion of the acquisition on the anticipated schedule, or at all.
Further information on factors which may cause actual results to differ materially from current expectations include, but are not limited, those described under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, and the Company’s subsequent filings with the SEC.
© 2021 Bentley Systems, Incorporated. Bentley, the Bentley logo, AssetWise, gINT, iTwin, MicroStation, OpenGround, PLAXIS, and ProjectWise are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. Seequent, Geosoft, GeoStudio, and Leapfrog are either registered or unregistered trademarks of Seequent Limited or one of its subsidiaries. All other brands and product names are trademarks of their respective owners.
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