New Zealand’s ARANZ Geo Ltd has acquired 3point Science Inc, a Calgary-based developer of geoscience visualization tools for learning, training, evaluation and assessment. No financial terms were disclosed. ARANZ Geo, a provider of 3D geological modelling software for the mining, hydrogeology and geothermal industries, said the deal will enable the development of cloud-based solutions and help it enter new markets. Founded in 2009, Christchurch, New Zealand-based ARANZ Geo secured an investment from Pencarrow Private Equity in August 2014.
ARANZ Geo acquires 3point Science
CHRISTCHURCH, NZ – June 14, 2016
ARANZ Geo Limited, a world leader in the interpretation and visualisation of geological data has acquired 3point Science based in Calgary, Canada. 3point Science, a specialist in cloud solutions and highly engaging 3D data visualisation, will become an independent ARANZ Geo development team.
ARANZ Geo Managing Director, Shaun Maloney says, “The purchase will add substantial new capability to ARANZ Geo, enabling the development of cloud-based solutions while accelerating options to enter new market sectors.”
ARANZ Geo turn complex data into geological understanding, provide timely insight and give decision makers confidence. Solutions allow customers to harness information to extract value, bring meaning and reduce risk.
Rowan Cockett, Co-Founder of 3point Science says, “The 3point Science team has built up a wealth of expertise creating highly engaging 3D visualisation using their knowledge of both specialist cloud solutions and geophysics.”
Maloney says, “Much of the underlying technology that 3PS has been involved in is still in the developmental stage and a key focus over the next 12 months will be taking this to market.”
Dr Adam Pidlisecky, Co-Founder of 3point Science and an Associate Professor of Geophysics at the University of Calgary says, “We’re really pleased the technology we’ve developed to date will now have a greater impact. We’ll benefit from ARANZ Geo’s wider corporate capabilities, investment and global network to support the development of new products, and improve market potential.”
Maloney adds, “This investment continues to demonstrate our commitment to strengthening our offering to customers. ”
Source: ARANZ Geo Ltd.
Photo courtesy of ARANZ Geo Ltd