tiprankstipranks
Trending News
More News >

Bentley Systems acquires Cesium, names CEO Patrick Cozzi chief platform officer

Bentley Systems announced it has acquired 3D geospatial company Cesium. Cesium is recognized as an open platform for creating 3D geospatial applications, and its 3D Tiles open standard has been widely adopted by enterprises, governments, and tens of thousands of application developers globally. Cesium ion, the company’s SaaS platform, brings 3D geospatial experiences to more than 1M active devices every month, while Cesium’s open-source offerings have more than 10M downloads. With the acquisition, Cozzi was named Bentley’s chief platform officer, leading the development of the combined Cesium and iTwin platform offerings, reporting to Bentley’s CTO Julien Moutte. The financial details of the transaction were not disclosed. Dechert LLP acted as legal advisor to Bentley in the transaction.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue