Intergraph Corporation and Bentley Systems recently announced the completion of Bentley's acquisition of Intergraph's civil engineering, plot-services and raster-conversion software businesses. The deal, totalling about $40 million, included a cash payment and installment note payable over three years. Over the past several months, the two companies have coordinated the transfer of the management, development, technical support and field personnel dedicated to these products, along with all maintenance and distribution arrangements, from Intergraph to Bentley. Under local agreements, many worldwide Intergraph units will continue to offer these and other Bentley products, such as its flagship MicroStation. During 2001, Intergraph service contracts will be transitioned to the Bentley Select technology and services subscription program.

"This transaction is very significant to our marketplace and our users, for two reasons," said Bentley Systems Africa MD, Tex van Deventer. "First, the consolidation of these leading Intergraph products within Bentley's portfolio brings Bentley worldwide leadership positions in two E/C/O segments with tremendous growth opportunities: civil engineering and plotset content management. But just as importantly, it demonstrates our commitment with Intergraph to maximise the market standing of each company within its targeted businesses. Together, our two companies will seize the opportunity to provide a greater market footprint and more comprehensive capabilities than any competitor."

He concluded, "We look forward to further realising value for Bentley's and Intergraph's shareholders."

About the acquired product lines

The plotserver products include InterPlot and the new Digital Print Room line which supports online digital plotset dissemination and content-based queries, essential to E/C/O e-business.

The raster-conversion products facilitate the creation of editable digital representations of hardcopy engineering drawings. These products include I/RAS Engineer and I/RAS B, the market-share leader which join Bentley's MicroStation ReproGraphics for these functions. Through I/RAS technologies and aecXML, the now broadly adopted interchange strategy of the International Alliance for Interoperability (IAI), existing drawings and plotsets can be intelligently coded for web-enabled content management of engineering data.

The acquired civil products, with MicroStation and the products of Bentley's strategic affiliate Geopak, provide the engineering foundation for virtually all the transportation infrastructure in North America. In addition to the InRoads and InRail products, the acquired applications address civil engineering requirements for construction, site, survey, bridge, storm and sanitary.Also of strategic importance to Bentley, all of the acquired business lines include technologies that support AutoCAD and its DWG format, as well as MicroStation and DGN.

Bentley Systems Africa

(011) 482 3262

tex.vandeventer@bentley.nl

www.bentley.com