MICROMINE has completed its second acquisition in less than three months, having purchased fellow Western Australian mining software business Alastri for an undisclosed sum.
Perth-based MICROMINE – which acquired Queensland’s Precision Mining in mid-June – specialises in technology for the exploration and mining sectors.
The business was founded in 1986 by Graeme Tuder.
Alastri was founded in 2012 by Perth-based mining engineers Daniel Narayan and Max Bygraves. Its open pit software products will continue to be sold under the Alastri brand.
MICROMINE chief executive Andrew Birch said the acquisition was complementary to the company’s new Precision business.
He said MICROMINE’S technology was now being used at more than 2,000 sites in 90 countries including Australia, Canada, South Africa, and the US.
“Rather than starting from scratch, and building products in competition, we are looking for best in class companies that have proven products and want to grow,” Mr Birch said.
“This way, we bring new products to our clients faster, and give great Australian technology the opportunity to flourish, with the backing of our global distribution, implementation and support teams.”
Alastri managing director Mr Narayan said the business looked forward to working with MICROMINE.
“By concentrating exclusively on open pit metals mining, we have been able to build higher-level software that enables mining engineers to think like mining engineers, not programmers,” he said.
“As part of the MICROMINE family, the Alastri business unit will be able to leverage the technical expertise of MICROMINE’s massive, global team of developers and mining engineers, including the Precision Mining team, to deliver an even stronger solution to our current and future customers around the world.”
