Bentley acquire Canadian-based Ivara
Asset performance management redefined
US-based software solution giant Bentley has announced is acquisition of Ontario-based Ivara, according to a statement from the company.
Some of the benefits partnering with Ivara EXP will offer Bentley include reduced operational costs, extended asset life, structured compliance with safety as well as best industry practices.
Commenting on the acquisition, Bentley CEO, Greg Bentley, said, “When I first visited Ivara and, of course, took notice of the “Work Smart” logo in their offices, I soon realized that this was not just works and graphics, but a touchstone of the company culture – consistent with Ivara’s heritage, since 1996, of growth and success. Now all of us as colleagues are enthusiastic to share our Bentley Systems’ objective technologies – to enable infrastructure to perform better and more safely for constituents, now especially through operational excellence and reliability.”
He continued to say; “The Ivara acquisition may be our most significant in years, because it creates an unprecedented opportunity for us to leverage information mobility – not only within but between CAPEX and OPEX, by way of our ProjectWIse and now-expanded AssetWise platforms, with shared services for asset lifecycle information management. Although increasing proportions of owners’ expenditures have been applied towards respectively accumulating engineering and operations, information, to date this investment has yielded limited returns due to what we might call ‘information mortality’: data stranded in place until it becomes useless. But with Ivara and our resulting APM focus we are today accelerating information mobility – in terms of the amounts and types of information productively reused – by software innovations ranging from interactive inspections to health modelling, which apply consumer-driven technology advances to ‘industrialised’ projects and environments.”
Speaking on behalf of Ivara, former CEO and now Bentley VP for asset performance, Paul Marshall, said, “All of us at Ivara look forward to working with our new colleagues at Bentley to redefine the scope of asset performance management. Through Ivara EXP, AssetWise will now be able to uniquely link as-designed, as-built, and as-operated information models. Advantages to owners will include new capabilities to transform engineering data into actionable reliability strategies that better control and operate equipment as intended and as learned, and to take full advantage of information mobility through immersive and interactive 3D models in safe training, inspections, and maintenance. EPC’s will benefit by virtue of more valuably leverage ‘hands-on’ commissioning deliverables, and ultimately through the feedback of APM operations intelligence, in turn.”
Bentley was founded in 1984 and is now operational in more than 45 countries around the world, turning over approximately $500 million per annum.