Local technology companies sold in big international deals
Photo: 123rf.com Christchurch based software developer Seequent is being sold to American company Bentley Systems for about $1.4 billion. Seequent has developed software used to analyse beneath-ground conditions for building infrastructure projects such as tunnels. The company has more than 400 staff around the world, and earns only a small portion of its more than $100m revenue a year domestically. "This is exciting news for Seequent and clearly shows huge confidence in the company's future direction and success. Bentley Systems is fully supportive of Seequent's strategy and direction and ...
Source: rnz.co.nz