A PARTNERSHIP beneficial to the growth of the digitalization of the construction industry was inked last March 23 when leading the infrastructure engineering software solutions provider Bentley Systems, Inc. announced it has entered into a non-exclusive commercial agreement with Worldsensing which is acquiring from Bentley its sensemetrics’ Thread connectivity device business.
The strategic partnership will allow Worldsensing to expand its hardware portfolio offerings, while allowing Bentley to also become the lead investor in Worldsensing’s Series D capital raise. The partnership is seen by infrastructure industry analysts as a way 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.
“We are thrilled to enter into this agreement with Bentley Systems,” Ignasi Vilajosana, CEO of Worldsensing said as he further elaborated on the merits of the acquisition as it will offer new options to its customers in areas where adaptive sensor integrations or active sensor management are a key requirement.
Thread offers broadband sensor connectivity to uniquely connect dynamic, high-power, or high-speed sensors and stream sensor data to the cloud for analysis.
“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,” Vilajosana added.
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.
“We are excited to partner with Worldsensing and believe that this strategic agreement will bring significant benefits to our respective user bases,” Justin Schmidt, Vice President, corporate development with Bentley Systems shared.
Combined with Worldsensing’s existing market-leading offerings, Thread will be a driver for new growth opportunities. Under the agreement, 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.
“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,” Schmidt concluded.
