Press ReleaseGeosoft Announces Its Acquisition of NGA's GM-SYS Software and Intellectual PropertyGM-SYS software fully integrated within Geosoft's line of desktop mapping solutions for earth exploration and geoscience marketsAugust 21, 2007 - Toronto, Ontario - Geosoft Inc., a leading provider of software and solutions for earth exploration, today announced it has completed acquisition of the software and all associated intellectual property assets of Northwest Geophysical Associates Inc. (NGA). Geosoft helps to make the experience of finding, using and sharing data more natural and powerful for exploration professionals, accelerating knowledge development and empowering mission-critical decisions within the mineral and petroleum exploration industries and Earth Sciences markets. The acquisition strengthens Geosoft leadership position, and breadth of data visualization and modeling capabilities for petroleum explorers identifying new locations of potential reservoirs. "With the acquisition of GM-SYS now complete, we look forward to continuing high quality service and support to GM-SYS customers," said Tim Dobush, Geosoft CEO. "The acquisition also presents new and exciting opportunities to further integrate and simplify workflows for our customer base, and extend our range of capabilities for earth explorers around the globe." Geosoft assumes all sales, marketing and development for GM-SYS, GM-SYS 3D and associated software products. NGA developers, Tom Popowski, Jim Roy, and Vivek Narendra, join Geosoft's Research and Development group. Gerry Connard, former principal of NGA, continues to work closely with Geosoft in a consulting role. For more information about Geosoft software, including GM-SYS, visit www.geosoft.com or contact us at software@geosoft.com. ### About GeosoftGeosoft's commitment to software innovation for the geosciences dates back to the company's inception in 1986. The company has grown to be a global, earth data solutions leader with offices in all five continents. Geosoft ranks among the top 150 software companies in Canada, providing software and services in over 100 countries around the world. Geosoft solutions enable simple and natural access to data, efficient and collaborative knowledge development, and sharing with others. Our mission is to make the earth data experience work, so geoscientists are free to explore. About Northwest Geophysical AssociatesFounded in 1981 by a group of geophysicists, geologists, and computer scientists, Northwest Geophysical Associates (NGA) has grown to provide state-of-the-art gravity and magnetic geophysical software to businesses, government agencies and academic organizations across industries and around the globe. All NGA products are fully integrated with Geosoft's Oasis montaj. Media EnquiriesGeosoft Corporate Office: Howard Andrews, Vice President, Finance, howard.andrews@geosoft.com Media Enquiries: Carmela Burns, Director, Corporate Marketing, carmela.burns@geosoft.com < back |
