Bentley Agrees to Acquire STAAD Product Lines From netGuru.EXTON, Pa. -- On Aug. 22, netGuru, Inc. (Nasdaq:NGRU) announced that it had entered into an asset purchase agreement with Bentley Systems Bentley Systems, Incorporated, provides software for the "Design, construction and operation of the world's infrastructure". The company’s software serves the building, plant, civil, and geospatial vertical markets in the areas of architecture, engineering, construction (AEC) , Incorporated, under which Bentley has agreed to acquire netGuru's Research Engineers International (REI) business. This business includes the market-leading STAAD.Pro structural analysis and design product line. At the time of the acquisition, Santanu Das, netGuru's chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , will join Bentley. Commenting on the agreement, Buddy Cleveland, senior vice president, Bentley Software, explained the attraction of the REI business and STAAD product lines to Bentley. "We are very excited about this agreement and look forward to welcoming the STAAD users to the Bentley user community," said Cleveland. "This acquisition will extend our design solutions in all four of our vertical market segments with one of the most popular and comprehensive structural design product lines in the market today." Added netGuru Chairman and Chief Executive Amrit Das: "The engineering software industry has been consolidating and moving toward full integration of software capabilities. The joining of REI's engineering operations, including the STAAD brand of software and services and support, with Bentley as a leading software provider to the AEC AEC US Atomic Energy Commission Noun 1. AEC - a former executive agency (from 1946 to 1974) that was responsible for research into atomic energy and its peacetime uses in the United States Atomic Energy Commission market, would form a powerful complement that would be able to provide seamless workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. processing capabilities for engineers around the world." The acquisition will include netGuru's worldwide operations associated with REI, including the STAAD structural analysis and design product lines, software and product development, customer support and relationships, and offices associated with the worldwide business, including offices in Yorba Linda Yorba Linda (yôr`bə lĭn`də), city (1990 pop. 52,422), Orange co., S Calif., in a region of citrus fruit; inc. 1967. The city has grown tremendously along with the southern California area; its population increased fivefold between , Calif.; Bristol, U.K.; and Kolkata, India; as well as REI sales offices in other parts of Europe and Asia. netGuru will retain its collaborative software This is a list of collaborative software (or list of groupware) applications. Wiki software is on a list of wiki software. Open source or free software The following are open source or free software applications. operations and products, including eReview and ForReview, and its information technology and engineering business process outsource services businesses. The sale is subject to various closing conditions, including approval by netGuru stockholders and compliance with regulatory requirements Regulatory requirements are part of the process of drug discovery and drug development. Regulatory requirements describe what is necessary for a new drug to be approved for marketing in any particular country. . If approved, the sale is expected to close before the end of 2005. About netGuru netGuru is an engineering information technology and services company offering engineering analysis and design software, collaborative software solutions, and professional and technical information technology services and support to businesses worldwide. It serves its global markets and clients through offices located in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe, Asia, and the Middle East, and through distributors in 40 countries. The company licenses its engineering software and solutions to more than 19,000 businesses in 100 countries. For more information, visit www.netguru.com. About Bentley Bentley Systems, Incorporated provides software for the lifecycle of the world's infrastructure. The company's comprehensive portfolio for the building, plant, civil, and geospatial Geospatial is a term widely used to describe the combination of spatial software and analytical methods with terrestrial or geographic datasets. The term is often used in conjunction with geographic information systems and geomatics. vertical markets spans architecture, engineering, construction (AEC) and operations. With 2004 revenues exceeding $300 million, Bentley is the leading provider of AEC software to the Engineering News-Record Engineering News-Record (widely known as ENR) is a weekly magazine that provides news, analysis, data and opinion for the construction industry worldwide. It has been published since 1874. It is owned by The McGraw-Hill Companies. Design 500 and major owner-operators. To receive Bentley press releases as they are issued, visit www.bentley.com/bentleywire. For more information, visit www.bentley.com. Bentley and the "B" logo are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly-owned subsidiaries. Other brands and product names are trademarks of their respective owners. |
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