06/02/2007 - 22:00

Mincom buys Karjeni

06/02/2007 - 22:00

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With its own acquisition by a US-based private equity firm on the horizon, Queensland-based software developer Mincom Ltd has acquired Perth mining software developer, Karjeni Pty Ltd, for an undisclosed value.

Mincom buys Karjeni

With its own acquisition by a US-based private equity firm on the horizon, Queensland-based software developer Mincom Ltd has acquired Perth mining software developer, Karjeni Pty Ltd, for an undisclosed value.

Established five years ago, Karjeni (formerly Genysis Consulting Pty Ltd) has built an extensive client list in the mining sector, predominantly gold mining companies.

Karjeni’s software solutions, including its flagship dPipe solution, are expected to add a number of modules to Mincom’s existing mining solutions.

Karjeni’s products will be rebranded and will form a suite of products in Mincom’s intelligent mining solutions division, with the management and employees at Karjeni’s Adelaide Terrace head office all joining that division.

Karjeni managing director John Jessop said the acquisition was a positive outcome for the company in establishing a global presence for its products.

Mincom managing director Richard Mathews flagged an aggressive growth strategy at the start of 2006, when the company bought Adelaide firm Comlabs, which also had operations and staff in Perth.

In June 2006, Mr Mathews told WA Business News Mincom was looking for other takeover targets, and has since made good that promise, buying a further three companies since the beginning of 2007 – US-based utility software company Conversant, metallurgical accounting solution JKTech, and Karjeni.

Mr Mathews said acquiring both Karjeni and JKTech simultaneously was the easiest way of extending the company’s mining solutions suite with a tried and tested product.

“We didn’t have that functionality before…so instead of re-building it ourselves we took the approach of acquiring that functionality from those two organisations,” he said.

Mr Mathews said the industry would be looking increasingly to WA for possible takeover targets.

“In Australia, particularly in Perth and Queensland, there’s a lot of mining software companies who have some really good products, which all they need is really the ability to take it global,” he said.

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