Bentley Systems, Incorporated, the infrastructure engineering software company, has announced that its Seequent business unit has acquired Advanced Resources and Risk Technology (AR2Tech), a developer of geostatistical software applications based in Denver, US.
The acquisition provides Seequent with state-of-the-art geostatistics algorithms, technology, and IP for complex geospatial problem solving, complementing its geological modeling solutions and workflows, to help solve earth, environmental, and resources challenges.
AR2Tech represents a new generation of geostatistics and spatial data analysis solutions for mining, environmental sciences, and energy.
Its 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.
AR2Techs 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. Solutions can be used stand alone or integrated with other software, including Seequents Leapfrog 3D geological modeling solutions.
Mining companies use AR2Techs solutions for geostatistical modeling for conditional simulation and estimation models of complex orebodies, with algorithms customized for specific deposits.
Environmental sciences professionals use customized workflows for data management, spatial evaluation, and risk assessment, designed for applications including stochastic simulation of the subsurface for water modeling, sampling evaluation and strategy, integration of remote sensing data in the geostatistical model, and characterization of pollutants.
On the strategic buy, Seequent CEO Graham Grant said: "Were delighted to welcome to Seequent the elite and talented AR2Tech team in Denver and Brazil. AR2Techs technology stack and world-leading expertise in geostatistics, geomodeling, and spatial data integration strengthen Seequents capabilities in these areas."
"The acquisition will help accelerate our development of new geostatistics solutions and create seamless end-to-end workflows with Seequents advanced modeling solutions. Were excited to make this investment for our mining, environmental, civil, and energy users to take geomodeling to the next level," he added.
AR2Tech founder Dr Alexandre Boucher said: "Were proud to be joining Seequent and sharing our cloud-first approach to solving geosciences challenges. With Seequent, we will realize our goal of bringing the next generation of geostatistical algorithms to the geomodeling community."
"We have developed and optimized algorithms for geomodeling for over a decade, including conditional simulations for risk and uncertainty studies. Combining forces with Seequent, we can create new practical and accessible solutions for geoscience professionals," he added.
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