Monday 20 May 2019

Bentley Systems to acquire Canadian IoT expert AIworx

LONDON, November 19, 2018

Bentley Systems Incorporated, a leading global provider of comprehensive software solutions for advancing the design, construction, and operations of infrastructure, said it has reached an agreement to acquire Canadian group AIworx, Inc., a provider of machine learning and internet of things (IoT) technologies and services.

Since 2011, AIworx has been simplifying innovation by providing artificial intelligence and sensor technologies and services for the industrial, aerospace, and defense sectors.

The addition of Quebec City-based AIworx brings advancements in data collection and analysis to leverage infrastructure engineering digital twins, continuously updated with real-time contextual information, to optimize productivity, operations, and maintenance, said the company in a statement.  

Andre Villemaire, the co-founder and president of AIworx, said: AIworx has been providing machine learning and IoT technologies and services to help organisations generate, understand, and act on data so they can make better business decisions."

"The biggest opportunities we’ve worked on have to do with improving infrastructure asset performance on an industrial scale, by way of the data from connected machines, instrumentation, sensors, and communications systems—and we’re excited to dedicate ourselves to that advancement," noted Villemaire.

"Now, by incorporating our tools into Bentley’s services for digital twins, we enable infrastructure operators to multiply the potential benefits of machine learning and IoT," he added.

Francois Valois, VP of portfolio development for Bentley Systems, said: "Machine learning and IoT technologies have created the opportunity for profound improvements in productivity and efficiency of infrastructure."

"Our new colleagues from AIworx have already been delivering on this potential, and now, leveraging the analytics visibility, which Bentley’s digital twin cloud services uniquely provide, these advancements from going digital will accelerate exponentially!," he added.-TradeArabia News Service

Tags: Canada | Bentley Systems | IoT expert | AIworx |

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