Bentley Systems Announces Seequent’s Acquisition of Imago

Integrating Cloud-based Geoscientific Imagery Platform with Geology Data Management and ModelingTools, Helping Solve Earth, Environment, and Energy Challenges

Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that its Seequent business unit has acquired Imago Inc, a developer of cloud-based software for the capture and management of geoscientific imagery. The acquisition will expand Seequent’s technology solutions portfolio while boosting cloudcapabilities to help geoscientists and engineers solve earth, environment, and energy challenges.

Imago’s cloud-based platform enables the capture, cataloguing, and reviewof drilling core and chip images from any source, to support every aspect of the geological process from exploration to grade control. Continued development of Imago’s machine learning will lead to a step function in the interpretation of geological data.

Mining companies around the world applyImago’s solution in conjunction with geology data management and modeling toolsto enable teams to make more confident, profitable decisions using instantly available, high-quality images. Seequent already integratesits Leapfrog, Oasis montaj, Target, and Minalytix MX DepositwithImago’s solution, making it easy for geologists, engineers, and other stakeholders to extract knowledge and learn from geoscientific imagery.The goal is to unlock significant potential for mining and other industries, transformingimagedata into meaningful insights for geological activities.

Graham Grant, chief executive officer of Seequent, said, "It’s an exciting step to welcome the Imago team onboard to help advance Seequent’s progression into the cloud.We’re continually exploring ways to provide new technologies and solutions to solve workflow challenges, improve operational efficiency, and deliver greater value for our users who are working to solve some of the world’s major civil, environmental, and energy challenges. This acquisition demonstrates Seequent’s continued growth and our commitment to make a positive contribution to the industries we serve globally."

Imago’s co-founderFederico Arboledasaid,"As a small team in Phoenix and Perth, we’re excited to join forces with Seequent,as thiswill now allow us to substantially scale Imago’s solutions in mining and other markets. We founded Imago to help mining companies manage the high volume and size of geological images andunlock the great value in this geoscience imagery. Image data is an increasingly important source of data across the geosciences—and can come from potentially any source, including core photos, hyperspectral, aerial photos, drones, and handheld devices. It will become even more important to transform image data into knowledge as automation needs increase."

For more information, please visit https://www.imago.live/.

Caption: Imago establishes a consistent process for capturing high-quality images, which integrate with existing workflows and allow the application of machine learning. Imago instantly displays machine learning insights together with images during interpretation and modeling. Imago’s on-screen masking and classification tools export data to train models. The Imago Cloud library of geology images provides rich information that supports user interpretation and modeling work.

Caption:Core boxes displayed in Imago’s platform (right) and in Leapfrog Geo (left). The geologist clicks the drill hole trace to display the corresponding core photos in Imago, as a drill hole, at the correct path. The geologist is able to continuously validate the logs and assays using the original images of the rock material.

Caption:Imago assists companies to deploy processes that improve core image capture.