Minerva Intelligence Shares Pop After Sale of Geology Division [MarketWatch]
Bentley Systems, Incorporated - Class B (BSY)
Company Research
Source: MarketWatch
At 10:02 a.m. ET, shares were trading 75% higher at C$0.04. The Canadian artificial intelligence software platform said that it agreed that Bentley Systems Inc.'s Seequent subsurface business will acquire the division, including the Driver software platform, for 1 million Canadian dollars ($742,252). By selling the business segment, Minerva said that it can focus its efforts on climate risk reporting and adaptation, and will use the proceeds from the sale to continue developing and marketing its climate85 platform. "Interest in our climate85 platform is growing and we intend to focus on the development of the platform as a valuable tool to address the adverse impacts of climate change globally," Chief Executive Scott Tillman said. Write to Adriano Marchese at adriano.marchese@wsj.com
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News
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- Schneider in Talks to Buy $17 Billion Software Maker Bentley [Yahoo! Finance]Yahoo! Finance
- Bentley Statement Regarding Recent News ReportsBusiness Wire
- Schneider Electric Is in Deal Talks with Bentley Systems [BNN Bloomberg (Canada)]BNN Bloomberg
- France's Schneider Electric confirms deal talks with Bentley Systems [Yahoo! Finance]Yahoo! Finance
BSY
Earnings
- 2/27/24 - Beat
BSY
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- BSY's page on the SEC website