US-based Bentley Systems has acquired a Denver geostatistical software developer it believes can strengthen its recently purchased Seequent product line. Bentley failed to disclose the price.
The company, Advanced Resources and Risk Technology (AR2Tech), was established by geoscientist Dr Alexandre Boucher in 2010.
“We’re excited to make this investment for our mining, environmental, civil, and energy users to take geomodelling to the next level,” Seequent CEO Graham Grant said.
Bentley Systems concluded its US$1.05 billion acquisition of Seequent in June.
Boucher said he and his team were joining Seequent “to further develop their geostatistical and geomodelling capabilities”.
Bentley Systems said AR2Tech’s technology and know-how gave Seequent “state-of-the-art geostatistics algorithms, technology and IP for complex geospatial problem solving, complementing its geological modelling solutions and workflows, to help solve earth, environmental, and resources challenges”.
“AR2Tech represents a new generation of geostatistics and spatial data analysis solutions for mining, environmental sciences, and energy.”
Mining companies are said to use AR2Tech’s solutions for geostatistical modelling for conditional simulation and estimation models of complex orebodies, “with algorithms customised for specific deposits”.