Amid a global infrastructure crisis and accelerating digital transformation, Bentley Systems—founded by five visionary brothers in 1984—has quietly built a $17.9 billion software empire that powers everything from tunnels to power grids worldwide. Operating in the shadows for decades, this family-controlled pioneer mastered a patient acquisition strategy, deep industry specialization, and innovative digital twin technology, forging a near-impenetrable moat around its infrastructure niche. Their 2020 IPO, surprisingly timed during COVID-19, catapulted Bentley from a private family firm to a public powerhouse just as cloud collaboration and AI-driven engineering soared in demand. Now embracing generative AI, expanding through billion-dollar acquisitions, and leading an ecosystem of engineering innovation, Bentley stands at the forefront of the trillion-dollar infrastructure modernization wave. Dive in to explore how the Bentley brothers engineered not just software—but the future of infrastructure itself, balancing independence with strategic partnerships, long-term vision with cutting-edge tech, and steady growth amid fierce competition.

Transcript https://empor.top/us/BSY

• I. Introduction & Opening Story
• II. The Five Brothers & Origins (1984–1990)
• III. MicroStation & The Engineering Software Revolution (1990s)
• IV. The Acquisition Machine: Building Through M&A (2000–2015)
• V. The Siemens Partnership & Digital Twin Revolution (2016–2020)
• VI. The IPO Story & Going Public During COVID (2020)
• VII. The Modern Era: AI, Acquisitions & Growth (2020–Present)
• VIII. Business Model & Competitive Moat
• IX. Playbook: Key Lessons & Strategy
• X. Bear vs. Bull Case & Valuation
• XI. Epilogue & Future Outlook
• XII. Recent News
• XIII. Links & Resources