Rebis Acquired by Bentley Systems

SAN DIEGO, July 30 /PRNewswire/ -- Software Equity Group, L.L.C. (SEG), a leading technology M&A Advisor, announced today that Rebis, a global leader in plant design software, was acquired by Bentley Systems. SEG advised Rebis throughout the sale process, including Bentley's purchase of a minority interest in Rebis earlier this year. In connection with this investment, Bentley received an option to purchase the remainder of Rebis, which it subsequently exercised.

"This acquisition is of great significance to Bentley and Rebis users, and to the plant design market," said Greg Bentley, CEO of Bentley. "All of our respective users will benefit from the capabilities of a more interoperable environment." According to Dr. Jeffrey Hollings, former Rebis CEO and now Senior VP at Bentley, "Within Bentley, our vision is to bring interoperable plant design solutions to users, providing not only a tremendous advantage to owner operators and contractors, but also a first for this industry."

According to Charles Foundyller, CEO of industry research group Daratech, "this acquisition holds great promise to bring together the historically incompatible installed bases of DGN and DWG engineering applications and content in the plant creation industry. This is good news for Bentley and Rebis users, which may well represent the largest number of user seats among all plant-specific design applications."

About Rebis

Rebis is the leading global provider of software for the design and operation of industrial facilities. Rebis offers integrated modeling and management solutions that plant owners and operators rely upon for everything from initial design through day-to-day maintenance. Rebis has more than 63,000 users in 75 countries, and annual revenues of approximately $16 million.

www.rebis.com

About Bentley

Bentley Systems provides the most comprehensive portfolio of solutions and professional services to leading infrastructure engineering organizations. One of the largest software companies in the world, Bentley serves more than 300,000 professionals and more than 20,000 companies and organizations.

www.bentley.com

About Software Equity Group (SEG)

SEG is a nationally recognized merger and acquisition firm serving small and midcap software companies. Founded in 1992, the firm has provided advice and representation to more than 300 companies in thirty-two states and six countries. SEG primarily represents sellers -- firms with revenues between $5 to $50 million that seek to be acquired. The company also provides M&A advisory services to public companies seeking strategic acquisitions. 

www.softwareequity.com

 

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