Add-on Acquisition • Internet Software and Services

Seequent Acquires MX Deposit

On September 14, 2021, Seequent acquired internet software and services company MX Deposit

Acquisition Context

This is Seequent’s 3rd transaction in the Internet Software and Services sector.
This is Seequent’s 3rd transaction in Canada.
This is Seequent’s 2nd transaction in Ontario.

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M&A Deal Summary
Date	September 14, 2021
Target	MX Deposit
Sector	Internet Software and Services
Buyer(s)	Seequent
Deal Type	Add-on Acquisition

Target Company

MX Deposit

Sudbury, Ontario, Canada

MX Deposit is a Software-as-a-Service (SaaS) solution and auto-scales to meet users’ needs, from small to multi-national companies. Users can create a customized data management solution within hours, not days, to collect and control drill hole and other field data and immediately gain insights across all projects. There are no limits on data users can store, with some logging millions of samples and blast holes and tens of thousands of drill holes. MX Deposit was founded in 2013 and is based in Sudbury, Ontario.

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Buyer Overview 1

Buyer

Seequent

Canterbury, New Zealand

Category	Company
Founded	2003
Sector	Information Technology

DESCRIPTION

Seequent is a provider in the visualization and interpretation of geological data for applications in the mining, minerals, energy, civil and environmental industries. Seequent provides software and consultancy solutions and has received wide acclaim for its flagship product, Leapfrog. Seequent was founded in 2003 and is based in Canterbury, New Zeland.

Deal Context for Buyer	#
Overall	6 of 6
Sector: Internet Software and Services	3 of 3
Type: Add-on Acquisition	6 of 6
State: Ontario	2 of 2
Country: Canada	3 of 3
Year: 2021	2 of 2

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2021-08-03	Imago Phoenix, Arizona, United States Imago is a cloud-based platform that enables the capture, cataloguing, and review of drilling core and chip images from any source, to support every aspect of the geological process from exploration to grade control. Imago was founded in 2016 and is based in Phoenix, Arizona.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2021-08-03

Imago

Phoenix, Arizona, United States

Imago is a cloud-based platform that enables the capture, cataloguing, and review of drilling core and chip images from any source, to support every aspect of the geological process from exploration to grade control. Imago was founded in 2016 and is based in Phoenix, Arizona.

Buy

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