Bringing State-of-the-Art Geostatistical
Algorithms to the Geomodeling Community to Solve Complex Geospatial
Problems
Bentley Systems, Incorporated (Nasdaq:BSY), the infrastructure
engineering software company, today announced that its Seequent
business unit has acquired Denver-based Advanced Resources and Risk
Technology, LLC (AR2Tech), a developer of geostatistical software
applications. 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.
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AR2Tech’s geostatistical library offers a
state-of-the-art version of all foundational geostatistical
algorithms, with a user interface to leverage the power of these
algorithms. (Graphic: Business Wire)
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. AR2Tech’s 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 Seequent’s Leapfrog 3D geological
modeling solutions.
Mining companies use AR2Tech’s 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.
Graham Grant, chief executive officer of Seequent, said, “We’re
delighted to welcome to Seequent the elite and talented AR2Tech
team in Denver and Brazil. AR2Tech’s technology stack and
world-leading expertise in geostatistics, geomodeling, and spatial
data integration strengthen Seequent’s capabilities in these areas.
The acquisition will help accelerate our development of new
geostatistics solutions and create seamless end-to-end workflows
with Seequent’s advanced modeling solutions. We’re excited to make
this investment for our mining, environmental, civil, and energy
users to take geomodeling to the next level.”
AR2Tech founder Dr. Alexandre Boucher said, “We’re 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.”
For more information, please visit https://www.ar2tech.com/.
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About Seequent
Seequent, a Bentley company, is a world leader in the
development of powerful geoscience analysis, modeling, and
collaborative technologies for understanding geoscience and
engineering design solutions. Our solutions enable people to
analyze complex data, manage risk, and ultimately make better
decisions about earth, environment, and energy challenges.
Seequent software is used on large-scale projects globally,
including road and rail tunnel construction, groundwater detection
and management, geothermal exploration, subsea infrastructure
mapping, resource evaluation, and subterranean storage of spent
nuclear fuel.
Seequent’s global footprint includes its Christchurch-based HQ
and R&D centers in Christchurch and Canada with a network of
offices across Asia/Pacific, Africa, South America, North America,
and Europe, servicing organizations with leading subsurface
solutions in over 100 countries. For more information, please visit
www.seequent.com or follow Seequent on LinkedIn or Twitter.
About Bentley Systems
Bentley Systems (Nasdaq:BSY) is the infrastructure engineering
software company. We provide innovative software to advance the
world’s infrastructure – sustaining both the global economy and
environment. Our industry-leading software solutions are used by
professionals, and organizations of every size, for the design,
construction, and operations of roads and bridges, rail and
transit, water and wastewater, public works and utilities,
buildings and campuses, mining, and industrial facilities. Our
offerings include MicroStation-based applications for modeling and
simulation, ProjectWise for project delivery, AssetWise for asset
and network performance, Seequent’s leading geosciences software
portfolio, and the iTwin platform for infrastructure digital twins.
Bentley Systems employs more than 4,000 colleagues and generates
annual revenues of more than $800 million in 172 countries.
www.bentley.com
© 2021 Bentley Systems, Incorporated. Bentley, the Bentley logo,
AssetWise, iTwin, Leapfrog, MicroStation, ProjectWise, Seequent,
and the Seequent logo are either registered or unregistered
trademarks or service marks of Bentley Systems, Incorporated or one
of its direct or indirect wholly owned subsidiaries.
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Press: Christine Byrne +1 203 805 0432
Christine.Byrne@bentley.com Follow us on Twitter:
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