Bentley Systems-backed Seequent completed the acquisition of Advanced Resources and Risk Technology.

Seequent, a business unit of Bentley Systems, completed the acquisition of Advanced Resources and Risk Technology, a developer of geostatistical software applications. Financial terms were not disclosed. “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," Graham Grant, Seequent CEO.