Seequent acquires Geosoft: Merger of Leapfrog and Geosoft brands creates subsurface geoscience and modelling powerhouse
Acquisition brings together leading developers of geological modelling and geoscience software solutions for mining, civil engineering, energy and environmental sectors
CHRISTCHURCH, New Zealand and TORONTO, Canada – 13 November, 2018 – Seequent , a world leader in visual data science, today announced it has signed an agreement to acquire Geosoft , a Canadian geoscience software company headquartered in Toronto with offices around the world. The acquisition brings together Seequent’s Leapfrog 3D geological modelling software suite with Geosoft’s subsurface geoscience and exploration data-driven technology – to create an unparalleled subsurface offering for the mining, civil engineering, energy and environmental sectors.
Shaun Maloney, Chief Executive of Seequent, says: “ The acquisition allows two strong geoscience brands, Leapfrog and Geosoft, to join forces to offer a greater range of solutions for our customers around the globe. Together, we are better equipped to deliver on our commitment to enable better decisions about some of the world’s biggest earth environment and energy challenges.”
Tim Dobush, CEO of Geosoft, says: “There is exciting synergy between our two companies, and together we can deliver new and enhanced value to our global customers. We share the same vision and passion for making a difference, and empowering knowledge from geoscience data is at the core of what we do. By bringing our people and powerful technology assets together under Seequent, we’re able to help customers solve their ever-larger geoscientific challenges across all disciplines and industries.”
Seequent is known worldwide for its Leapfrog ® 3D geological modelling solutions. First introduced to the mining and minerals industry close to 15 years ago, Leapfrog® helps uncover valuable insights from geological data and enables geologists and executives alike to confidently make critical time-sensitive investment and environmental decisions. The company has since launched Leapfrog versions for the geothermal and energy industries and civil engineering and environmental industries, as well as other visualisation and collaboration technologies.
Geosoft’s Oasis montaj® technology platform is an industry standard within the geosciences, supporting advanced analysis and understanding of the Earth’s subsurface and subsea environments. The company’s Target for ArcGIS software is the market-leading geological application for Esri, delivering essential workflows for geoscience and GIS professionals working on the ArcGIS platform. With its release of VOXI Earth Modelling, Geosoft pioneered the use of high performance geocomputing and 3D geophysical inversion modelling in the cloud.
By bringing together the Geosoft and Leapfrog brands, Seequent now has a leading market position in subsurface geoscience and modelling software solutions with offices in 20 locations and approaching 400 staff around the world serving customers in over 100 countries.
Seequent was advised on the transaction by Murray & Co (financial) and DLA Piper (legal). Geosoft was advised by DCF Capital Partners (financial) and Gowling WLG (legal).
Maloney added, “We’ll continue our focus on mining and minerals, energy, civil and environmental industries. Geosoft’s capability will allow us to add to all of these areas and provide valuable new expertise to other areas.”
Seequent’s global headquarters will remain in Christchurch and the company will continue to drive R&D from New Zealand, Canada and South Africa. Geosoft’s global headquarters will remain in Toronto, Canada.