Bentley Systems Inc., an Exton-based construction software provider, has agreed to buy the SACS offshore-structures design software system from Engineering Dynamics Inc., New Orleans. SACS counts Kellogg Brown & Root and other oil and wind electric facilities among its clients.
Bentley boss Greg Bentley announced the deal in a conference call this morning. He wouldn't say what he's paying. SACS has offices in Brazil, India, China, Indonesia, Mexico, Nigeria, and other nations where energy companies are looking for oil.
Bentley also says his firm's sales last year reached $476 million, which he called a 6% increase from last year and a return to 2008's record sales. He acknowledged the company's numbers look better because more than half its sales are in foreign countries whose currency gained value against the falling U.S. dollar.
But he also said his firm "gained market share" from California-based Autodesk Inc. and other rivals, as Bentley sales rose rapidly in China and other growing markets despite the US recession. He called competition with Autodesk "a healthy rivalry that benefits our customers," and noted his company has "a policy against raising prices."

He said Bentley subscription revenues totalled 74% of sales last year, up from 64% in 2008. He said he expects total sales to grow another 6% this year as US, European and Latin American construction recovers and Asian sales continue to grow.
The firm says it borrowed $200 million to buy back stock from former Intergraph Corp. owners and other outside investors, leaving members of the Bentley family in control of 85% of the company. Bentley employs 3,000 "colleagues" worldwide.