Mincom announces agreement to acquire Comlabs, one of Australia’s leading technical mining software companies

Australia’s largest software development company, Mincom Limited, today announced it has entered into an agreement to fully acquire leading Australian mining software company, Comlabs.

Founded in 1979 and based in Adelaide, Australia, Comlabs develops and provides software systems to some of the world’s largest and most complex mining operations, including BHP Billiton, RioTinto and the Anglo Group.

This acquisition underlines Mincom’s strategic commitment to invest further in its key market verticals of Mining, Defence, Utilities, Transportation and Government and to support its continued expansion globally.

Mincom Chief Executive Officer, Richard Mathews said, “Comlabs has deep vertical market expertise and an enviable reputation in the mining industry worldwide. They too are one of a handful of Australian IT companies that have successfully exported their products right around the world. While it is recognised that Mincom is the leading software provider to the resources sector we also acknowledge that there are other vendors like Comlabs that have industry specific functionality.”

“The combination of our two businesses will further enhance Mincom’s ability to provide comprehensive solutions and services to asset-intensive organisations globally,” Mr Mathews said.
 
This latest move follows Mincom’s acquisition of Chilean software company, Exedra SA and further demonstrates Mincom’s ongoing commitment to service customers and extend its product offerings in all of its industry verticals.

Mr Mathews said, “Our customers tell us they want their software supplier to take greater control over the third party technology products used in their business and this acquisition allows us to do exactly that.”

Harry Fishman Comlabs Marketing Director said, “Our businesses started around the same time and services the same type of customers. We both believe in customer outcomes and understand the requirements of, and demands within, our customers’ environment. 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.”

Comlabs’ product suite includes CCLAS Laboratory Information Management System, which is widely regarded as the standard in the mining industry used at over 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 a version of MineTrak is also used in the grain handling industry where “smart” blending and scheduling can increase revenue substantially.

The acquisition further enhances Mincom’s Mining Solution by enabling the MineMarket Suite, which comprises the best-of-breed CCLAS, MineTrak and ARAMIS software systems, to be offered as a single integrated solution. www.mincom.com

About Mincom

Mincom Limited is an international company based in Brisbane, Australia with more than 25 years’ experience in providing business solutions to asset intensive industries such as mining, utilities, transport, defence and government in more than 40 countries.

The company has more than 1,100 staff in 17 offices across Australia, North America, South America, South East Asia, Africa, and Europe.