Runge expands through Fractal acquisition
Thursday, July 5th, 2007
Runge Limited, announce its acquisition of Fractal Technologies. This is the third Australian mining services company that Runge has acquired this year – strengthening its foothold in the mining consultancy and software market worldwide.
Mr Tony Kinnane, CEO of Runge, said â€œRunge and Fractal Technologies have been partners since 2005 â€“ we fit well together culturally and our products are complementary. We are excited to be able to market the Fractal products which have an excellent reputation globally and equally excited by the broader opportunities that Fractal Technologies provides for Rungeâ€™s continued growth.â€
Fractal Technologies develop three-dimensional data management and visualisation software for the geosciences. Its longest running commercial product, FracSIS, combines an object-oriented database specifically designed to store geological, geochemical, and geophysical data with an interactive 3D visualisation environment.
Fractal will also enhance the technological capability of Rungeâ€™s recently launched, Mining Dynamics, which is the industryâ€™s first visual enterprise-wide software.
â€œFractalâ€™s technology in conjunction with Mining Dynamics will enable customers worldwide to have accelerated access to new product enhancements, while creating concrete investment in key mining technology,â€ said Mr Kinnane.
Mining Dynamics provides a visual system to support data management and discovery across the entire production chain. The system allows operations, technical and corporate employees to have instant access to information about mine site operations. The system is vendor independent and works with mining companiesâ€™ existing systems avoiding the need for costly replacement software. It is designed to provide standardisation across the geological and engineering processes. Fractalâ€™s technologies further enhance these capabilities.
The acquisition of Fractal, which complements Rungeâ€™s dynamic growth plan, will lift the total number of Runge employees to 260.