Engineering software company Seequent, part of Pennsylvania-based Bentley Systems, acquired Colorado geostatistical software developer Advanced Resources and Risk Technology (AR2Tech) in December.<\/p>\n\n\n\n
The acquisition gives Seequent state-of-the-art geostatistics algorithms, technology and IP for complex geospatial problem solving, which the company said will complement its geological modeling solutions and workflows.<\/p>\n\n\n\n
\u201cAR2Tech represents a new generation of geostatistics and spatial data analysis solutions for mining, environmental sciences, and energy,\u201d Seequent said of the deal, the financial details of which were not made available.<\/p><\/blockquote>\n\n\n\n
\u201cIts state-of-the-art, high-performance algorithms and workflows for cloud and desktop enable users to create and optimize a diverse set of models, even with millions of cells, without performance bottlenecks \u2026 [and its] algorithm library can be applied to a wide range of geostatistical modeling and data science methods, supporting functions that are data-centric and rely on machine learning.\u201d<\/p>\n\n\n\n
Seequent said the newly added solutions can work as standalone offerings, of they can be integrated into other software, including its own Leapfrog 3D geological modeling solutions.<\/p>\n\n\n\n
\u201cAR2Tech\u2019s technology stack and world-leading expertise in geostatistics, geomodeling and spatial data integration strengthen Seequent\u2019s capabilities in these areas,\u201d Graham Grant, chief executive officer of Seequent, said.<\/p>\n\n\n\n
\u201cThe acquisition will help accelerate our development of new geostatistics solutions and create seamless end-to-end workflows with Seequent\u2019s advanced modeling solutions. We\u2019re excited to make this investment for our mining, environmental, civil, and energy users to take geomodeling to the next level.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Engineering software company Seequent, part of Pennsylvania-based Bentley Systems, acquired Colorado geostatistical software developer Advanced Resources and Risk Technology (AR2Tech) in December. The acquisition gives Seequent state-of-the-art geostatistics algorithms, technology and IP for complex geospatial problem solving, which the company said will complement its geological modeling solutions and workflows. \u201cAR2Tech represents a new generation of geostatistics and spatial data analysis…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[8],"tags":[981,980,982,813],"coauthors":[],"class_list":["post-2032","post","type-post","status-publish","format-standard","hentry","category-miners-news","tag-algorithms","tag-geological-modeling-solutions","tag-geostatistics","tag-seequent"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t