Bentley Systems acquired Seequent in March in a US$1.05 billion deal.
Imago develops cloud-based software to capture and manage geoscientific imagery. Its cloud-based platform allows users to capture, catalogue and review images of drill core and drill chips from any source and can support the various steps of the geological process from exploration through to grade control.
According to Bentley, Seequent's acquisition of Imago will expand its portfolio of technology solutions, as well as boosting its cloud capabilities. It added that the continued development of Imago's machine learning could lead to a step function in interpreting geological data.
Imago's solution is used by mining companies globally along with tools for geology data management and modelling, instantly producing high-quality images that can be used to make profitable decisions. Various Seequent solutions are already integrated with Imago's solution, including Leapfrog, Oasis montaj, Target and Minalytix MX Deposit.
Graham Grant, CEO of Seequent, said: "It's an exciting step to welcome the Imago team on board to help advance Seequent's progression into the cloud. We're continually exploring ways to provide new technologies and solutions to solve workflow challenges, improve operational efficiency, and deliver greater value for our users who are working to solve some of the world's major civil, environmental, and energy challenges. This acquisition demonstrates Seequent's continued growth and our commitment to make a positive contribution to the industries we serve globally."
Imago is headquartered in Phoenix in Arizona, US and has locations in Australia, Chile, India, Mexico, Mongolia and South Africa. Federico Arboleda, co-founder of Imago, noted that the company has a small team and that they are excited to join Seequent as the acquisition will allow it to substantially scale up Imago's solutions in markets such as the mining industry.
He added: "We founded Imago to help mining companies manage the high volume and size of geological images and unlock the great value in this geoscience imagery. Image data is an increasingly important source of data across the geosciences - and can come from potentially any source, including core photos, hyperspectral, aerial photos, drones, and handheld devices. It will become even more important to transform image data into knowledge as automation needs increase."
Last month, Seequent acquired Aarhus Geosoftware (AGS), a Danish geophysical software development company.