Mincom acquires Karjeni

No job losses

Local ERP vendor Mincom has acquired Perth-based mining software company Karjeni.

The deal is part of the company's strategy to expand through acquisition, pledged after it was bought by private equity firm Franciso Partners for $315 million last week.

Mincom CEO Richard Mathews said the acquisition will make the company more attractive to its largest customer base, the mining industry, by adding production accounting software to its offerings.

"This acquisition emphasizes our commitment to the mining sector and will provide our customers with additional technical software applications that complement our growing suite of intelligent mining solutions," Mathews said.

"Karjeni has built an impressive client list, including several of the world's largest gold mining companies, and will bring solutions developed exclusively for the mining industry."

Mathews also kept his promise to secure staff numbers, noting the acquisition will bring Karjeni employees into Mincom's ranks.

"The management and employees of Karjeni will join Mincom as part of the Intelligent Mining Solutions division to ensure further development of the solution," he said.

Mincom vice president Dave Stevenson said Karjeni's solutions will be added as modules to its existing metallurgical accounting solution,

Karjeni managing director John Jessop said the deal is a positive step for its clients as it will enable better product support.

The value of the acquisiton was not disclosed.

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