Bentley Systems Inc., Exton, Pa., announced on Sept. 18 that it has acquired Ontario, Canada-based Ivara Corp., whose asset performance management software is based on a reliability-centered maintenance philosophy. Ivara works to maximize uptime and the safe, economical performance of facilities in asset-intensive industries, such as mining, power generation, oil and gas, through predictive analysis of real-time, equipment-specific performance data. Bentley CEO Greg Bentley says the acquisition “may be our most significant in years” as it creates an “unprecedented opportunity” to improve facility design and operations by linking the data of designers and engineers with the live data of operators
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.