Digital Integrator Cohesive Group Acquires Vetasi, Leading Provider of IBM Maximo Managed Services


Enhancing its Position as a Global Partnerfor EAM Operational Excellence,
Expanding Market Capacity and GeographicalReach

EXTON,Pa. – Dec 02, 2022 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructureengineering software company, today announced that its Cohesive Groupdigital integrator business has acquired Vetasi, a leading international consultancyspecializing in enterprise asset management (EAM) solutions, with a strongfocus on IBM Maximo.

Vetasi brings to Cohesive the largest IBM Maximoconsultancy team across Europe, Africa, and ASEAN countries, with headquartersin the United Kingdom and operations based in Poland, Indonesia, South Africa,Spain, Ukraine, and Australia. In addition to EAM resources, Vetasi deepens theCohesive team with additional strategic advisory capabilities and adds to theCohesive services catalog Maximo cloud hosting capabilities, expertise in low-codedevelopment, and strong real estate and facilities management domain knowledge.By virtue of the combination with Cohesive, Vetasi’s clients can benefit fromthe multidiscipline scope of a world-leading digital integrator, combininggreater global scale with local agility to leverage more value from their assetportfolios.

Cohesive was founded by Bentley in 2020 as a digital engineering systems integratorto help infrastructure owner-operators deliver transformational and sustainableoutcomes. Cohesive has achieved consistent significant growth and continues towin substantial new projects, notably in the utilities, transport, and energysectors. Prior to Vetasi, Cohesive has acquired multiple organizations in theEAM and digital twin advisory space to increase service delivery capacity,including prioritizing geographical reach for significantly growingopportunities in the EMEA and especially Asia Pacific regions.

DavidHollister, Bentley Systems’ chief investment officer, said, “The acquisition ofVetasi, with over 200 colleagues in EMEA and Asia Pacific, contributessubstantially towards our objectives for Cohesive as an independent digitalintegrator, largely filling any remaining gaps to achieve comprehensive globalself-sufficiency and economies of scale across the full lifecycle of infrastructureassets. Additionally, Vetasi significantly accelerates Cohesive’s learningcurve in cloud hosting provisioning for Maximo. Cohesive’s growing success willshow the way for engineering firms to create and curate digital twin data-centriccloud services for infrastructure owner-operators, increasing opportunities forBentley’s market-leading iTwin Platform.”

Mark Bew, CEO ofCohesive, said, “Acquiring Vetasi enables Cohesive to consolidate its positionas a global leader in digital engineering systems integration. This significantlyscales out  our global platform to buildlong-term, high-value partnerships with our clients. By advancing Maximoimplementations to function within digital “infinity twins,” Cohesive can helpto transform asset-owners’ businesses from an operational perspective whilealso improving their ESG performance. On behalf of Cohesive’s talent force ofnow over 700 colleagues everywhere, we warmly embrace the Vetasi team and lookforward to the next step in our shared journey.”

Jaroslaw Lukasiewicz, CEO of Vetasi, who joins Cohesive along with other executivepartners James Fair and Trevor Roberts, said, “We are delightedto join Cohesive and contribute to its mission of delivering transformationaland sustainable outcomes through the built and natural environment. Becomingpart of Cohesive enables us to expand our partnerships with our clients andbuild further upon Vetasi’s vision of delivering solutions that deliver realvalue.”
As a world-class digital engineering systems integrator andconsultancy, Cohesive partnerswith infrastructure asset owner-operators and enterprise leaders to design and deliver transformational outcomes in both the built andnatural environments, achieving for its clients practical service and financialand social goals.Its portfolio of industry and implementation experts, lifecycle capabilities,and key software proficiencies enables Cohesive to support and improve the mostcomplex infrastructure projects and assets globally.
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About Bentley Systems
Bentley Systems (Nasdaq:BSY) is the infrastructure engineering software company. We provideinnovative software to advance the world’s infrastructure – sustaining both theglobal economy and environment. Our industry-leading software solutions areused by professionals, and organizations of every size, for the design, construction,and operations of roads and bridges, rail and transit, water and wastewater,public works and utilities, buildings and campuses, mining, and industrialfacilities. Our offerings include MicroStation-based applications formodeling and simulation, ProjectWise for project delivery, AssetWisefor asset and network performance, Seequent’s leading geoprofessional softwareportfolio, and the iTwin Platform for infrastructure digital twins.Bentley Systems employs more than 4,500 colleagues and generates annualrevenues of approximately $1 billion in 186 countries.

© 2022 Bentley Systems,Incorporated. Bentley, AssetWise, Cohesive, iTwin, MicroStation, ProjectWise,Seequent, and Vetasi are either registered or unregistered trademarks orservice marks of Bentley Systems, Incorporated or one of its direct or indirectwholly owned subsidiaries. All other brands and product names are trademarks oftheir respective owners.

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