Bentley Systems, Incorporated, an infrastructure engineering software company, said it has entered into a non-exclusive commercial agreement with Worldsensing, a Spanish specialist in smart construction and digitalization of mining industry, to strategically accelerate the adoption of Infrastructure IoT, further unlocking value for infrastructure designers, constructors and owner-operators in their use of infrastructure digital twins.
To this end, Worldsensing is acquiring from Bentley sensemetrics’ Thread connectivity device business to expand its hardware portfolio offerings. Bentley also becomes the lead investor in Worldsensing’s Series D capital raise.
As per the deal, Worldsensing’s acquisition of the Thread connectivity device business will offer new options to its customers where adaptive sensor integrations or active sensor management are a key requirement, it stated.
On the strategic deal, Worldsensing CEO Ignasi Vilajosana said: "The acquisition of sensemetrics’ Thread connectivity device business will expand our portfolio and allow us to provide more options to our customers. We are pleased to become a preferred sensor connectivity partner for Bentley’s iTwin IoT digital twin cloud services, confirming our position as the reference connectivity platform for mining, construction, rail, and infrastructure monitoring."
As per the deal, Worldsensing will acquire sensemetrics’ Thread connectivity device business, while Bentley will become the lead investor in Worldsensing’s Series D capital hike. Both parties will align on a unique joint go-to-market offering.
"Thread offers broadband sensor connectivity to uniquely connect dynamic, high-power, or high-speed sensors and stream sensor data to the cloud for analysis," he stated.
Thread is a fully autonomous sensor connectivity device with optional integrated 4G/LTE cellular modem, wireless mesh networking, and battery pack in a weather resistant enclosure. Each broadband device also serves as a gateway for wireless smart sensors.
Combined with Worldsensing’s existing market-leading offerings, Thread will be a driver for new growth opportunities.
"Worldsensing will become a preferred sensor connectivity partner to Bentley and Bentley will become a preferred IoT software partner to Worldsensing offering mutual users a best-in-class fully integrated end-to-end sensor management solution," he added.
Justin Schmidt, Vice President, corporate development with Bentley Systems, said: "We are excited to partner with Worldsensing and believe that this strategic agreement will bring significant benefits to our respective user bases."
"We are confident that the combination of Worldsensing’s expertise in IoT solutions and our leadership in infrastructure digital twin software will create a powerful offering for the market," he added.-TradeArabia News Service
