Mission Statement, Vision, & Core Values of Bentley Systems, Incorporated (BSY)

Are you curious about what drives a leading infrastructure engineering software company? Understanding a company's mission, vision, and core values provides insight into its purpose and how it operates. For 2024, Bentley Systems reported total revenues of $1,353.1 million, a 10.1% increase from 2023, and subscription revenues of $1,223.4 million, up by 13.2%. What exactly is Bentley Systems striving to achieve, and what principles guide their actions in the ever-evolving world of infrastructure software?

Bentley Systems, Incorporated (BSY) An Overview of

Bentley Systems was founded in 1984 and has grown to become a global leader in providing software and digital twin cloud services for the design, construction, and operation of infrastructure. The company's software solutions are used by engineers, architects, geospatial professionals, constructors, and owner-operators to advance infrastructure projects. As of April 2025, Bentley Systems continues to innovate and expand its offerings, focusing on areas such as:

• Project Delivery: Software and services that support the entire project lifecycle, from planning and design to construction and handover.
• Asset and Network Performance: Solutions for managing and optimizing the performance of infrastructure assets.
• Digital Twins: Creating and managing digital representations of infrastructure assets to improve decision-making and performance.

These solutions cater to diverse infrastructure sectors, including:

• Transportation
• Water and Wastewater
• Buildings and Campuses
• Power and Utilities
• Industrial and Resources
• Cities and Government

Bentley Systems serves a global clientele, offering localized support and solutions through its offices and partners worldwide. The company's commitment to innovation and sustainability positions it as a key player in shaping the future of infrastructure development and management.

In its latest financial reports, Bentley Systems showcased robust financial health. For the year 2024, the company reported record-breaking revenue, driven significantly by its core product sales. Key highlights from the financial performance include:

• Revenue Growth: A substantial increase in overall revenue, reflecting strong demand for its software and digital twin solutions.
• Subscription Growth: A significant rise in subscription-based revenue, indicating the increasing adoption of its cloud services.
• Profitability: Improved profitability margins due to efficient cost management and operational efficiencies.
• Market Expansion: Notable growth in key markets, including North America, Europe, and Asia-Pacific, driven by strategic partnerships and investments.

The company's financial success is underpinned by its strategic focus on innovation, customer satisfaction, and expanding its global footprint. These financial results underscore Bentley Systems' position as a market leader and its ability to deliver sustained growth and value to its shareholders.

Bentley Systems stands as a leader in infrastructure engineering software. Its success is rooted in a commitment to innovation, a comprehensive product portfolio, and a strong understanding of the evolving needs of the infrastructure industry. To delve deeper into the factors that drive Bentley Systems' achievements, explore the following resource: Bentley Systems, Incorporated (BSY): History, Ownership, Mission, How It Works & Makes Money.

Bentley Systems, Incorporated (BSY) Mission Statement

The mission statement of Bentley Systems, Incorporated (BSY) is: 'We empower people to design, build, and operate better and more resilient infrastructure through the adoption of our intelligent digital twin solutions.' This statement underlines the company's dedication to offering cutting-edge software and services for the design, construction, and operation of infrastructure around the globe.

The mission statement is significant as it directs the company's long-term objectives and emphasizes its commitment to:

• Empowering People: Providing professionals with the tools they need to excel.
• Better Infrastructure: Enhancing the quality and sustainability of infrastructure projects.
• Resilient Infrastructure: Ensuring infrastructure can withstand challenges and adapt to changing conditions.
• Intelligent Digital Twin Solutions: Utilizing advanced technology to create virtual representations of physical assets.

More information about Bentley Systems and its investor profile can be found here: Exploring Bentley Systems, Incorporated (BSY) Investor Profile: Who’s Buying and Why?

Core Components of Bentley Systems' Mission Statement

The mission statement comprises several core components that define the essence of the company's purpose and activities.

1. Empowering People

Bentley Systems focuses on equipping engineers, architects, and other infrastructure professionals with the software and services necessary to design, build, and manage infrastructure projects effectively. This empowerment is achieved through:

• Providing comprehensive training and support
• Developing user-friendly and intuitive software
• Fostering a collaborative environment for knowledge sharing

This commitment is reflected in the company's culture, where colleagues are considered their greatest asset, and their success and well-being are prioritized.

2. Better and More Resilient Infrastructure

The company aims to improve the quality and resilience of infrastructure through its software solutions. This involves:

• Enhancing design accuracy and efficiency
• Improving construction processes
• Optimizing asset performance and longevity

Bentley Systems' dedication to sustainability is evident in its support for resilient and sustainable infrastructure, which is crucial for addressing climate change and improving the quality of life.

3. Intelligent Digital Twin Solutions

Bentley Systems leverages digital twin technology to provide virtual representations of physical assets, enabling better decision-making and improved outcomes. This includes:

• Creating detailed and accurate digital models
• Integrating real-time data for monitoring and analysis
• Enabling simulation and predictive maintenance

By combining traditional business data with comprehensive models of reality, digital twins drive operations, analytics, and simulation, enhancing the value delivered to customers.

Commitment to Quality and Innovation

Bentley Systems is dedicated to delivering high-quality products and services through continuous innovation and a commitment to customer success. This is supported by:

• Investing in research and development
• Collaborating with industry partners
• Adopting the latest technologies

The company's values emphasize innovation, responsibility, and connectivity, fostering a culture that drives creative solutions and improves the quality of life through contributions to the world's infrastructure.

As of the fiscal year 2024, Bentley Systems reported total revenues of $1.3531 billion, reflecting a 10.1% increase over 2023. Subscription revenues also saw substantial growth, reaching $1.2234 billion, a 13.2% increase compared to the previous year.

Bentley Systems, Incorporated (BSY) Vision Statement of

Bentley Systems, Incorporated (BSY) aims to improve global infrastructure by providing innovative software and services for the design, construction, and operation of roads, bridges, buildings, industrial and power plants, and utility networks. Their mission is to empower infrastructure professionals with solutions that improve project performance and asset performance. The company's core values include a commitment to their customers, innovation, and professional excellence.

Enhancing Infrastructure through Innovation

Bentley Systems envisions a world where infrastructure projects are more efficient, sustainable, and resilient. This involves:

• Advancing digital workflows: Bentley is focused on creating integrated digital workflows that span the entire infrastructure lifecycle, from planning and design to construction and operations.
• Leveraging digital twins: Digital twins, which are virtual representations of physical assets, play a central role in Bentley's vision. They enable real-time monitoring, simulation, and analysis of infrastructure performance.
• Promoting sustainability: Bentley is committed to developing solutions that help infrastructure professionals design and operate assets in a more sustainable manner, reducing environmental impact and promoting resource efficiency.

In 2024, Bentley Systems reported annual recurring revenue (ARR) of $1.16 billion, demonstrating the increasing adoption of its software and cloud services. Their focus on infrastructure intelligence aims to connect people, data, and processes to improve decision-making and project outcomes.

Commitment to Customer Success

A key element of Bentley Systems' vision is a deep commitment to the success of its users. This includes:

• Providing comprehensive training and support: Bentley invests heavily in training programs and support services to ensure that users can effectively leverage its software.
• Building a strong user community: Bentley fosters a vibrant user community where professionals can connect, share knowledge, and learn from each other.
• Delivering tailored solutions: Bentley works closely with its customers to understand their specific needs and develop solutions that address their unique challenges.

Bentley Systems' user conference in 2024 saw participation from over 3,000 infrastructure professionals, highlighting the company's strong engagement with its user base. Customer satisfaction remains a key performance indicator, with ongoing efforts to improve user experience and solution relevance.

Driving Professional Excellence

Bentley Systems emphasizes professional excellence in all aspects of its business. This includes:

• Attracting and retaining top talent: Bentley strives to create a work environment that attracts and retains talented professionals who are passionate about infrastructure.
• Promoting innovation and creativity: Bentley encourages its employees to think creatively and develop innovative solutions that address the evolving needs of the infrastructure industry.
• Upholding high ethical standards: Bentley is committed to conducting business with integrity and upholding the highest ethical standards.

Bentley's investment in research and development reached $300 million in 2024, underscoring its commitment to innovation. The company's culture promotes continuous learning and professional development, ensuring its workforce remains at the forefront of technological advancements.

To gain more insights into Bentley Systems' financial performance, you can read this analysis: Breaking Down Bentley Systems, Incorporated (BSY) Financial Health: Key Insights for Investors

Bentley Systems, Incorporated (BSY) Core Values of

While specific, publicly available details on Company's core values as of April 2025 are limited, we can infer key principles from their corporate actions, mission, vision, and industry presence. These inferred values emphasize innovation, customer success, and a commitment to infrastructure advancement.

Innovation: Driving Technological Advancement

Innovation appears central to Company, given its focus on software solutions for infrastructure engineering. Evidenced by ongoing development and introduction of new products and technologies, innovation is key to addressing evolving industry needs. For example, the company's continuous updates and expansions to its software suites, incorporating advancements in areas like digital twins and cloud services, highlight this commitment. This is further supported by their strategic acquisitions aimed at integrating cutting-edge technologies into their portfolio. The company's dedication to innovation is reflected in its financial performance, with a reported annual recurring revenue (ARR) of $1.17 billion for the fiscal year 2024, showcasing the market's embrace of their innovative solutions.

Customer Success: Partnering for Optimal Outcomes

Company emphasizes customer success through tailored solutions and dedicated support. This commitment is evident in their approach to helping clients maximize the value of their software investments. Initiatives such as comprehensive training programs, personalized consulting services, and responsive technical support aim to ensure clients effectively utilize Company's software to achieve their project goals. The company's focus on customer success is also reflected in its subscription-based business model, which aligns its revenue with the ongoing value it delivers to customers. The company reported a 99% subscription retention rate for the fiscal year 2024, indicating high customer satisfaction and loyalty.

Integrity and Sustainability: Building a Better Future

Integrity and sustainability are increasingly important, reflecting a broader trend towards responsible business practices. Company demonstrates these values through its commitment to ethical conduct, environmental stewardship, and social responsibility. Initiatives such as promoting sustainable infrastructure design, reducing its environmental footprint, and supporting community engagement reflect this commitment. For instance, the company's software solutions enable engineers to design more sustainable infrastructure projects, reducing environmental impact and promoting resource efficiency. Company's dedication to sustainability is also reflected in its corporate social responsibility (CSR) initiatives, which focus on supporting education, promoting diversity and inclusion, and contributing to community development. These efforts align with the company's vision of advancing infrastructure while minimizing its environmental impact and contributing to a better future.

Explore more about Company's investor profile: Exploring Bentley Systems, Incorporated (BSY) Investor Profile: Who’s Buying and Why?