Ambercore digs up Terrapoint

Ottawa-based Ambercore Software Inc. buys fellow mapping services firm Terrapoint for $6.5 million. Ambercore, a maker of spatial analysis software for the energy and mining sector, says it bought Terrapoint from parent company Calgary-headquartered Pulse Data Inc. for its complementary offerings. “The Ambercore.JPGcombination of Ambercore and Terrapoint creates a powerful company that can offer end-to-end spatial data solutions,” says Ambercore CEO Martin Sendyk. “The two companies have worked together in the past, combining Ambercore’s software capabilities with Terrapoint’s airborne LiDAR (light detection and ranging) services. Both groups are excited to develop further synergies going forward.” Supported by a $3.5 million investment from SQFive Intelligent Oilfield Solutions Ltd., the deal could cost Ambercore up to an additional $1.5 million, depending on how consolidated operations perform over the next year. Terrapoint has offices in Ottawa and Houston, while Ambercore has operations in Calgary, South Africa and Europe, as well as its headquarters in Ottawa.

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