Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Bentley Systems Inc (BSY) announced earlier this week a partnership with Carahsoft Technology Corp. Under the agreement, Carahsoft will serve as the main government distribution contract aggregator for Bentley Systems, with the aim being to extend the company’s commitment to US federal, state and local government agencies.

The tie-up will enable Carahsoft, Bentley and the Bentley reseller ecosystem to work together and deliver the innovative solutions required by federal, state and local government agencies in order to step up the modernization and advancement of the country’s infrastructure.

The agreement will authorize Carahsoft to carry the full Bentley Systems software portfolio on a number of contract vehicles, including Carahsoft’s NASA Solutions for Enterprise-Wide Procurement (SEWP) V, OMNIA Partners, National Cooperative Purchasing Alliance (NCPA) and Bentley Systems GSA MAS Schedule contracts, the two companies said.

Bentley Systems shares closed higher for a second consecutive trading session on NASDAQ on Wednesday. The stock went up 1.31% ($0.84) to $65.19, after touching an intraday high at $65.49. The latter is also a fresh all-time high.

Shares of Bentley Systems Inc have risen 60.92% so far this year.

“Now, more than ever, it’s critical that government agencies have access to the solutions they need to design, build, and operate infrastructure assets that are more cost-effective, more resilient, and more sustainable. Carahsoft’s trusted status and leadership in the market will be pivotal in expanding our reach,” Brock Ballard, vice president, regional executive, Americas, Bentley Systems, said in a press release.

“Government agencies will benefit greatly from our shared commitment to the mission and to delivering exceptional user satisfaction and success,” he added.

“A robust infrastructure system is critical to enabling our nation’s economy and powering public sector missions. With the addition of Bentley’s solution suite and the support of our reseller partners, our shared government customers now have access to best-in-breed infrastructure engineering solutions to improve delivery of services to citizens,” Lacey Wean, sales manager of Bentley Systems at Carahsoft, said.

“We look forward to the future of this partnership as Carahsoft and Bentley Systems work together to support agencies’ infrastructure modernization goals.”

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • EUR/CAD supported above 1.56 with German fiscal package, Canada CPI eyedEUR/CAD supported above 1.56 with German fiscal package, Canada CPI eyed The EUR/CAD currency pair remained supported above the 1.56 mark on Monday ahead of Germany’s impending vote on a proposed fiscal spending package and Canada's CPI inflation report.The Euro has recently drawn support from a consensus […]
  • Netflix share price up, inks first major US dealNetflix share price up, inks first major US deal Netflix Inc reported on Wednesday that it struck an agreement with Dish Network Corp. to implement its application into the satellite providers latest set-top units as a part of its expansion to US pay-TV.This is the first deal that the […]
  • Grain futures mixed, soybeans fall as rain seen aiding cropsGrain futures mixed, soybeans fall as rain seen aiding crops Grain futures were mixed on Tuesday with corn and wheat marking minor daily gains, while soybeans declined as weather forecasts showed expectations for rainfall in the Midwest that would ease stress on the oilseed crop.On the Chicago […]
  • Forex Market: GBP/USD daily trading outlookForex Market: GBP/USD daily trading outlook Friday’s trade saw GBP/USD within the range of 1.4171-1.4372. The pair closed at 1.4224, plummeting 0.98% on a daily basis. It has been the 36th drop in the past 65 trading days, a third consecutive one and also the steepest one since March […]
  • Gold trading outlook: futures re-test 2-week lows ahead of BoE policy decisionGold trading outlook: futures re-test 2-week lows ahead of BoE policy decision On Wednesday (in GMT terms) gold for delivery in August traded within the range of $1,328.00-$1,347.55. Futures closed at $1,343.60, rising 0.71% compared to Tuesday’s close. It has been the 137th gain in the past 293 trading days and also the […]
  • Procter & Gamble’s CEO to seize market opportunityProcter & Gamble’s CEO to seize market opportunity There is an ongoing trend among shaving industry - men who are more willing to shave their bodies than their faces are growing which is an opportunity for AG Lafley, Procter & Gamble’s newly-returned chief executive, as he seeks to revive […]