Bentley agrees to acquire STAAD product lines from netGuru

Bentley agrees to acquire STAAD product lines from netGuru

SHARE

Last week netGuru Inc. announced that it had entered into an asset purchase agreement with Bentley Systems, Incorporated, under which Bentley has agreed to acquire netGuru’s Research Engineers International (REI) business. This business includes the market-leading STAAD.Pro structural analysis and design product line. At the time of the acquisition, Santanu Das, netGuru’s chief operating officer, will join Bentley. Bentley Systems, Incorporated provides software for the lifecycle of the world’s infrastructure. netGuru is an engineering information technology and services company offering engineering analysis and design software, collaborative software solutions, and professional and technical information technology services and support to businesses worldwide. It serves its global markets and clients through offices located in the United States, Europe, Asia, and the Middle East, and through distributors in 40 countries.

The acquisition will include netGuru’s worldwide operations associated with REI, including the STAAD structural analysis and design product lines, software and product development, customer support and relationships, and offices associated with the worldwide business, including offices in Yorba Linda, Calif.; Bristol, U.K.; and Kolkata, India; as well as REI sales offices in other parts of Europe and Asia. netGuru will retain its collaborative software operations and products, including eReview and ForReview, and its information technology and engineering business process outsource services businesses. The sale is subject to various closing conditions, including approval by netGuru stockholders and compliance with regulatory requirements. If approved, the sale is expected to close before the end of 2005.