We just had in Q4, a very large electric utilities that we’ve won as a €“ and we made a big deal because of a project that is funded by the next-generation EU plan. So there is more coming; only 20% has been distributed, there’s more coming. There’s another plan which is not yet in effect, but it’s quite urgent because it is about reducing still our energy dependency with Russia. This is called the repower EU plan. It is still in legislative proposal state. It’s not yet in force. When it would be enforced, it is well aligned with what we see as our strength from a software standpoint. So we should benefit from that as well. So that is all additional tailwind that is coming to sustain our growth in Europe.
Matt Hedberg: Got it. And then Werner, for you on the guidance; is there any way to think about quantifying the inorganic contribution to ARR growth as well as maybe what you’ve included for China? I know you said things could deteriorate further, but just trying to get a sense for how derisked your guide is for China?
Greg Bentley: I jump in on China in particular. So we began 2022 with China at about 5% of our ARR. This year, we start the year, it’s under 4%. And of course, we had some net attrition, but also everything else grew, if you see. And finally, the currency didn’t do well during 2022. But €“ so that actually turned out to be a bigger headwind for us than was the loss of Russia and is the reason to be apprehensive. If China would be growing at the relatively favorable growth rate compared to the company as a whole that we experienced prior to the pandemic. Our outlook for 2023 would be at least 1% higher in ARR growth than it is. And Werner let me send to you the question on the programmatic acquisitions, which we include in our business performance because it’s not worth breaking them out. Go ahead.
Werner Andre: Agree on everything on China and programmatic acquisitions, we in over the cost, they contribute an average of 1% to 1.5% to annual recurring revenue and to our top line revenue as well. Although more recently on ARR, it was a little bit higher, but approximately between 1% and 1.5%.
Greg Bentley: Well, it was lower in 2022…
Matt Hedberg: Great.
Greg Bentley: …because there were a few such acquisitions, but we are resolved to get back to our pace of programmatic acquisitions over time. There’s no particular reason it was lower in 2022. It was just a matter of certain things.
Matt Hedberg: Thanks guys. Congrats on the results.
Eric Boyer: Next, we’ll move to Kristen Owen from Oppenheimer.
Kristen Owen: Great. Good morning. Thank you for taking the question. So I wanted to follow up on some of the commentary around the EasyPower acquisition. We talked quite a bit about the overlay of your portfolio with electrification and energy transition, but I was hoping you could speak specifically to the grid digital twin ecosystem who becomes the steward of those digital assets? And are there areas of the portfolio that you feel are maybe missing similar to this EasyPower acquisition, maybe in load management or something like that? And then I have a follow-up.
