Sudbury mine service firm Minalytix has been acquired by Seequent, a global geological modelling company.
Launched in 2013 by cofounders David Peres and Rob Patterson, Minalytix collects and manages drillhole data and other field information via its proprietary software, MX Deposit. Mining companies then use this data to make development decisions.
Mobile and user-friendly, the software is accessible in the office or in the field, and it’s adaptable to every size company, from junior miners to large multinationals.
“We’re delighted to join Seequent as it allows us to deliver on our founding mission to impact the mining industry positively,” Peres said in a Sept. 15 news release.
“We partnered exclusively with Seequent a couple of years ago as they had earned a reputation as a trusted mining innovator with a global reach. As a result, demand for MX Deposit increased in leaps and bounds.
"With Seequent’s expertise and support, MX Deposit will be able to reach its full potential.”
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Seequent is a division of Bentley Systems Inc., which is headquartered in Exton, Penn. Prior to the transaction, Seequent held a minority shareholding in Minalytix, and its partnership included exclusive global rights to sell MX Deposit.
The company said acquiring Minalytix would help “extend its cloud capabilities and solutions for mining, including greenfield exploration, resource development, and mining production.”
“We’re excited to welcome the Minalytix team to Seequent, following our successful collaboration, to broaden the mining workflow through further cloud capabilities,” said Graham Grant, Seequent’s chief executive officer, in the release.
“Drill and sample data are the lifeblood for mining companies when exploring, and MX Deposit naturally aligns with our mining and exploration portfolio, including newly acquired geoscientific imagery platform Imago.
“We have already done a great job of integrating the software and now we are excited to integrate the team.”