Mincom today announced the acquisition of Australian mining software company, Comlabs.
Founded in 1979 and based in Adelaide, Comlabs develops and provides software systems to some of the world's biggest mining operations, including BHP Billiton, RioTinto and the Anglo Group.
This acquisition underlines Mincom's strategic commitment to invest further in key market verticals such as mining, defence, utilities, transportation and government.
Mincom CEO Richard Mathews said Comlabs has deep vertical market expertise and an enviable reputation in the mining industry worldwide.
"It too is are one of a handful of Australian IT companies that have successfully exported its products right around the world," he said.
While Mincom is a leading software provider to the resources sector, Mathews said vendors like Comlabs have specific pieces of functionality that are industry specific.
"Our customers tell us they want their software supplier to take greater control over the third-party technology products used in their businesses and this acquisition allows us to do exactly that," he added.
Comlabs marketing director Harry Fishman said the two businesses started around the same time and services the same type of customers.
"This acquisition really is a case of business as normal for both our customers and employees given the like-minded approach that both companies have," Fishman said.
Comlabs' product suite includes CCLAS Laboratory Information Management System, which is used at more than 200 locations in more than 30 countries.
In addition, Comlabs' MineTrak product is an Integrated Stockpile & Supply Chain Management System, which is used extensively by the coal, base metal and iron ore industries. BulkTrak and MineTrak are also used in the grain handling industry where smart blending and scheduling can increase revenue substantially.
Mincom's mining solution MineMarket Suite, comprises the best-of-breed CCLAS, MineTrak and Aramis software systems, which will be offered as a single, integrated solution.