M&A Deal Summary

Bentley Acquires Blyncsy

On August 14, 2023, Bentley acquired software company Blyncsy

Acquisition Highlights
  • This is Bentley’s 30th transaction in the Software sector.
  • This is Bentley’s 16th transaction in the United States.
  • This is Bentley’s 1st transaction in Utah.

M&A Deal Summary
Date 2023-08-14
Target Blyncsy
Sector Software
Buyer(s) Bentley
Deal Type Add-on Acquisition

Target

Blyncsy

Salt Lake City, Utah, United States
Blyncsy is a provider of breakthrough artificial intelligence services for departments of transportation to support operations and maintenance activities. Blyncsy was founded in 2014 and is based in Salt Lake City, Utah,

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Buyer(S) 1

Buyer

Bentley

Exton, Pennsylvania, United States
Category Company
Founded 1984
Sector Software
Employees5,200
Revenue 1.2B USD (2023)
DESCRIPTION

Bentley is a software development company that supports the professional needs of those responsible for creating and managing the world’s infrastructure, including roadways, bridges, airports, skyscrapers, and industrial and power plants, as well as utility networks. Bentley delivers solutions for the entire lifecycle of the infrastructure asset, tailored to the needs of the various professions: the engineers, architects, geospatial professionals, planners, contractors, fabricators, IT managers, operators, and maintenance engineers: who will work on and work with that asset over its lifetime. Comprised of integrated applications and services built on an open platform, each solution is designed to ensure that information flows between workflow processes and project team members to enable interoperability and collaboration. Bentley was founded in 1984 and is based in Exton, Pennsylvania.

DEAL STATS #
Overall 39 of 41
Sector (Software) 30 of 32
Type (Add-on Acquisition) 38 of 40
State (Utah) 1 of 1
Country (United States) 16 of 17
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-23 EasyPower

Portland, Oregon, United States

EasyPower is a developer of design and analysis software tools, including arc flash solutions, for electrical engineering professionals. The company has innovatively combined graphics-based modeling and analysis in order to make solving complex electrical engineering problems ever more straightforward and accessible. Its 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 was formed in 1984 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-11 Flow State Solutions

Rotorua, New Zealand

Flow State Solutions is a geothermal simulation software that provides geothermal reservoir, wellbore, and surface network simulation solutions to help project developers and operators better understand geothermal resources for asset development and optimization and improve well performance. Flow State Solutions is based in Rotorua, Bay of Plenty.

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