Bentley Systems appoints ex-Google manager as COO

Bentley Systems, recognized for its industry-leading software solutions, continues to support global infrastructure with its comprehensive portfolio, including the iTwin Platform for infrastructure digital twins and applications such as MicroStation and Bentley Open for modeling and simulation. The company's commitment to advancing infrastructure is reflected in its sustained financial performance, generating annual revenues of $1.31 billion with a global presence in 194 countries. InvestingPro analysis reveals multiple additional insights about Bentley Systems' valuation and growth prospects, with 12+ exclusive ProTips available to subscribers.

James Lee's career includes significant roles at SAP, where he was the Chief Operating Officer for SAP Ariba and Fieldglass, and later as Chief Operating Officer and General Manager of Sales for SAP Greater China. Lee's academic credentials include an MBA from Harvard University and a Bachelor of Commerce from the University of British Columbia.

In his new role at Bentley Systems, Lee is expected to enhance the company's cross-functional alignment in planning and execution, drive operational excellence, and oversee strategic areas including China, Japan, and portfolio development. Bentley Systems aims to expand its growth initiatives, such as Bentley Asset Analytics, through Lee's leadership.

Nicholas Cumins, a representative of Bentley Systems, expressed enthusiasm for Lee's appointment, citing his proven track record at SAP and Google (NASDAQ:GOOGL) as pivotal for Bentley's growth strategy. Cumins also acknowledged the importance of operational expertise in scaling up the company's ambitions.

Bentley Systems, recognized for its industry-leading software solutions, continues to support global infrastructure with its comprehensive portfolio, including the iTwin Platform for infrastructure digital twins and applications such as MicroStation and Bentley Open for modeling and simulation. The company's commitment to advancing infrastructure is reflected in its sustained financial performance, generating annual revenues of $1.31 billion with a global presence in 194 countries. InvestingPro analysis reveals multiple additional insights about Bentley Systems' valuation and growth prospects, with 12+ exclusive ProTips available to subscribers.

Cumins thanked Campbell for his contributions and leadership as Chief Product Officer over the past two years and wished him success in his future endeavors. The consolidation under Moutte is part of Bentley's strategy to accelerate innovation and align product execution with its technology strategy, particularly in infrastructure AI, which Cumins described as a paradigm shift with significant potential for improving infrastructure delivery and performance.

Bentley Systems, recognized for its industry-leading software solutions, continues to support global infrastructure with its comprehensive portfolio, including the iTwin Platform for infrastructure digital twins and applications such as MicroStation and Bentley Open for modeling and simulation. The company's commitment to advancing infrastructure is reflected in its sustained financial performance, generating annual revenues of $1.31 billion with a global presence in 194 countries. InvestingPro analysis reveals multiple additional insights about Bentley Systems' valuation and growth prospects, with 12+ exclusive ProTips available to subscribers.

This announcement is based on a press release statement from Bentley Systems, Incorporated.

In other recent news, Bentley Systems Incorporated has reported its Q3 2024 financial results, indicating a 12% year-over-year growth in Annual Recurring Revenue (ARR) to $1.271 billion. Bentley Systems has also reduced its senior debt to $168 million while securing a new $1.3 billion credit facility. The company's strategic acquisitions, including Cesium, and partnerships, particularly with Google, are expected to enhance its 3D geospatial capabilities and infrastructure asset management. Despite challenges in China and delays in professional services revenue, the company maintains a positive outlook on its long-term investment strategy and the U.S. infrastructure investment landscape. JPMorgan, having initiated coverage on Bentley Systems, has given the stock a Neutral rating with a price target of $52, indicating that the stock is fairly valued at its current price. According to InvestingPro data, the company maintains a good overall financial health score, although nine analysts have recently revised their earnings estimates downward for the upcoming period. These are the recent developments for Bentley Systems.

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