MRO Magazine

US software firm acquires Canadian asset management software company

Burlington, ON – Bentley Systems Inc. of Exton, PA, a provider of software solutions for sustaining infrastructure, has acquired Burlington, ON-based Ivara Corporation, a provider of asset performance management (APM) software solutions...

Burlington, ON – Bentley Systems Inc. of Exton, PA, a provider of software solutions for sustaining infrastructure, has acquired Burlington, ON-based Ivara Corporation, a provider of asset performance management (APM) software solutions for organizations in asset-intensive industries, including mining and metals, power generation and utilities, oil and gas, and petrochemical.

The Ivara EXP solution – a core system for operations and maintenance and the Aladon Network’s reliability practitioners – helps owner-operators to obtain the best performance, reliability, and safety from their assets.

APM software supplements and leverages value in transaction-oriented enterprise asset management systems such as IBM Maximo and SAP EAM by helping to build and implement asset-specific reliability strategies.

Ivara is an IBM Member-Level Partner with Certified Ready for Tivoli integration as well as an SAP Software Solution Partner with SAP Certified – Powered by NetWeaver integration.


With this acquisition, Bentley extends its AssetWise asset lifecycle information management software and services to improve asset performance, providing new value-adding opportunities not only for owner-operators, but also for the engineering/procurement/construction firms who design, build and commission their infrastructure.

Bentley Systems CEO Greg Bentley said, “When I first visited Ivara and, of course, took notice of the ‘Work Smart’ logo in their offices, I soon realized that this was not just words and graphics, but a touchstone of the company culture – consistent with Ivara’s heritage, since 1996, of growth and success. Now all of us as colleagues are enthusiastic to share our Bentley Systems’ objective of ‘Working Smarter, Together’ – with each other, our users, and with innovative technologies – to enable infrastructure to perform better and more safely for constituents, now especially through operational excellence and reliability.”

This marks Bentley’s second acquisition in the operations arena in 2012, the first being InspectTech for transportation asset management. InspectTech software-as-a-service for inspection and bridge safety, helps owner-operators to plan, collect, and manage inspection results, and to meet asset management mandates.

Paul Marshall, formerly CEO of Ivara and now Bentley vice-president, asset performance, said, “All of us at Ivara look forward to working with our new colleagues at Bentley to redefine the scope of asset performance management. Through Ivara EXP, AssetWise will now be able to uniquely link as-designed, as-built, and as-operated information models.

“Advantages to owners will include new capabilities to transform engineering data into actionable reliability strategies that better control and operate equipment as intended and as learned, and to take full advantage of information mobility through immersive and interactive 3D models in safer training, inspections, and maintenance.

What users and industry experts are saying

Marius Basson, vice-president, Global Reliability Services, CH2M HILL of Englewood, CO, said, “As a reliability practitioner, my goal is to optimize performance of assets and mitigate the risk of consequence of failure. To be able to instantly trace back to a failure mode in Ivara EXP and further back to the design in Bentley’s information modelling software means I can make fast and accurate decisions that affect the bottom line – and I will have the data I need for regulatory compliance to demonstrate we are doing all the right things.”

Gino Palarchio, general manager, Manufacturing Services, ArcelorMittal Dofasco of Hamilton, ON, said, “I am pleased to see that Ivara EXP asset performance management is now part of the Bentley Systems software portfolio. With the acquisition of Ivara, Bentley can ensure continued innovation of critical software systems we use to manage important assets throughout the entire lifecycle, helping us ensure our sustainability.”

Jim Porter, founder and president, Sustainable Operations Solutions LLC of Shenandoah Junction WV, and member of the National Academy of Engineering, said, “I regard reliability-centred maintenance as a key strategy for those cases in which I’ve helped investigate industrial losses and incidents. It was very clear to me that having a systematic asset performance management approach, such as that provided by Ivara EXP, would have been a very good investment. I’ve said many times, investments by manufacturers in safety are wise financial decisions. As I’m now familiar with Bentley’s AssetWise offering, I think this is going to be a tremendous and unique enabler for plant operators to proactively improve their safe operations.”

For additional information about Bentley’s AssetWise asset lifecycle information management offerings, visit For additional information about the Ivara EXP asset performance management solution, visit