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Press Release - MINING.COM

Press Release - MINING.COM
mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.

Wabigoon , Ontario , Canada , New-zealand , Toronto , Liz-crawshawsenior , Seequent , Albemarle-group-geologist-matthew-hastings , Metro-toronto-convention-centre , Newsfile-corp , Bentley-subsurface-company , Prospectors-developers-association-of-canada-convention

Seequent Appoints New CEO | Scoop News

Graham Grant, Seequent CEO. Geoscience software company Seequent has promoted Graham Grant to Chief Executive Officer, following six years as the company’s Chief Operating Officer. In a planned transition, Grant succeeds Shaun Maloney, who has retired after ...

Australia , New-zealand , United-kingdom , Antarctica , Shaun-maloney , Citizen-community , Foundation-for-public-interest-journalism , Channel-development , Canterbury-university , Seequent-appoints-new , Graham-grant , Chief-executive-officer

Did Covid kill startup investment? Report reveals 2020 figures


Did Covid kill startup investment? Report reveals 2020 figures
14 Apr, 2021 05:28 AM
5 minutes to read
Poster kids for tech success during the pandeimic: Kami co-founders Hengjie Wang, Bob Drummond, Jordan Thoms and Alliv Samson Photo / Supplied
Poster kids for tech success during the pandeimic: Kami co-founders Hengjie Wang, Bob Drummond, Jordan Thoms and Alliv Samson Photo / Supplied
A new report on NZ startup investment, from PwC, the Angel Association and NZ Growth Capital Partners, celebrates the recent offshore sale of software companies Seequent ($1.45 billion) and Vend ($450
million) as a coming-of-age.
Read More
The twin deals represent "the realisation of value at this scale creates not only an opportunity for founders and investors to reinvest funds and expertise in new startups, but it also attracts a wider pool of investors to New Zealand to help get future startups off the ground. We now have a startup ecosystem that is more self-sufficient and sustainable," says PwC partner Anand Reddy in the report.

Australia , California , United-states , Wellington , New-zealand-general , New-zealand , Ireland , Israel , Australian , New-zealander , Dylan-lawrence , Suse-reynolds

13 hot tech companies sold offshore: Did NZ benefit?


13 hot tech companies sold offshore: Did NZ benefit?
13 minutes to read
This month has seen two substantial technology companies sold offshore, with Auckland-based retail software firm Vend going to NYSE-listed Lightspeed for $450 million, and Christchurch geologic 3D modelling outfit Seequent acquired
by Nasdaq-listed Bentley Systems for $1.45b.
Backers were quick to claim that jobs would stay in New Zealand (Vend and Seequent employ some 400 locally between them) and that investors like Movac and Punakaiki Fund (Vend) and Pencarrow (Seequent) would recycle money back into the local tech ecosystem.
A look back at 13 past high-profile tech sales (from a field of many more) reveals that sometimes that happens … and sometimes it doesn't.

New-york , United-states , Auckland , New-zealand , Australia , Punakaiki , New-zealand-general , United-kingdom , Southern-cross , Victoria , China , Waikato

Bentley Systems conclut un accord d'environ 1,05 milliard de dollars pour acquérir Seequent, leader mondial des logiciels de modélisation 3D pour les géosciences.

Bentley Systems conclut un accord d'environ 1,05 milliard de dollars pour acquérir Seequent, leader mondial des logiciels de modélisation 3D pour les géosciences.
silicon.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from silicon.fr Daily Mail and Mail on Sunday newspapers.

China , Carhaix , Bretagne , France , Simpson-thacher , Shaun-maloney , David-hollister , Greg-bentley , Seequent , Incorporated-or , Goldman-sachs , Nasdaq

Local ISV Seequent sells to Bentley for US$1.05B


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Local ISV Seequent sells to Bentley for US$1.05B
Seequent’s headquarters and main research and development centre will remain in Christchurch.
Shaun Maloney (Seequent)
Credit: Seequent
US-based infrastructure engineering software provider Bentley Systems has struck an agreement with investors led by Accel-KKR to acquire New Zealand 3D modelling software vendor Seequent in a deal worth US$1.05 billion.
Headquartered in Christchurch, the local independent software vendor (ISV) has grown from a single employee in 2004 to claim over 170 staff in New Zealand alone and 430 globally.  

United-states , New-zealand , Canada , American , Canadian , Shaun-maloney , David-hollister , Nicholas-cumins , Bentley-company , Bentley-systems , Silicon-valley , New-zealand-based-pencarrow-private

$1.45 billion for Seequent, a Kiwi company 'no one has ever heard of'


$1.45 billion for Seequent, a Kiwi company 'no one has ever heard of'
12 Mar, 2021 04:47 AM
4 minutes to read
Silicon Valley private equity firm Accel-KKR and New Zealand's Pencarrow are in for a big payday after agreeing to sell their stakes in Christchurch-based geoscience software company Seequent to Nasdaq-listed Bentley Systems for US$1.05 billion
($1.45b).
Bentley, a US-based infrastructure engineering software company, said the acquisition would add about 10 per cent to its revenue and earnings before interest, tax, depreciation and amortisation, and that it was expected to be "measurably accretive" for its organic growth rate.
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"Most significantly, the combination will deepen the potential ... to help understand and mitigate environmental risks, advancing resilience and sustainability," it said. Bentley's revenue last year came to US$801.5m.

New-zealand , Nigel-bingham , Zealand-pencarrow , Shaun-maloney , Nz-overseas-investment-office , Silicon-valley , Nasdaq-listed-bentley-systems , Graham-grant , Investment-office , 145 , Billion , Seequent

US Nasdaq-listed company buys Christchurch-based Seequent for US$1.05 billion


US Nasdaq-listed company buys Christchurch-based Seequent for US$1.05 billion
11 Mar, 2021 11:59 PM
2 minutes to read
NZ Herald
Christchurch-based Seequent, known for earth modelling software among other things, has been snapped up by Nasdaq-listed engineering software company Bentley Systems for US$1.05 billion ($1.45b).
Read More
The acquisition, subject to New Zealand Overseas Investment Office approval, would see the company continue to operate as a standalone business unit within Bentley.
Seequent is a New Zealand success story, having grown from one employee in 2004 to 173 New Zealand staff and a total of 430 globally today.
Founder and CEO Shaun Maloney is retiring as part of the acquisition, with current chief operating officer Graham Grant becoming the main report to its new parent.

United-states , New-zealand , America , Shaun-maloney , David-hollister , Asia-pacific , Zealand-overseas-investment-office , Bentley-systems , New-zealand-overseas-investment-office , Graham-grant , Pencarrow-private-equity , South-america

Bentley Systems to buy software maker Seequent in $1.05 billion deal

Infrastructure engineering software maker Bentley Systems Inc said on Thursday it had agreed to buy privately held geological and geophysical modeling software developer Seequent for about $1.05 billion.

Bengaluru , Karnataka , India , Amy-caren-daniel , Ankit-ajmera , Thomson-reuters-trust-principles , Bentley-systems-inc , Reuters , Amy-caren , Thomson-reuters-trust , Us , Seequent