Mining software company K2fly has expanded its suite of governance and technical assurance solutions that are in high demand with its global client base, following the announcement of its purchase of Decipher mining.
Decipher will bring additional depth to K2fly’s growing suite in tailings and rehabilitation and extends K2fly's technical assurance and governance footprint inside existing global customers.
K2fly Chief Commercial Officer, Nic Pollock, said given the current need for miners to increase all of their environmental, social and governance (ESG) reporting, the time is right to expand K2fly’s portfolio of solutions.
“Our success in building our resource inventory and governance solutions with global tier 1 and 2 clients has rapidly uncovered multiple further technical assurance needs of our customers, particularly in tailings, heritage and rehabilitation as well as land access and disturbance.
“This is coinciding with higher levels of required reporting and compliance following the release of the Global Tailings Standard, plus the laser focus shareholders now have on ESG,” said Pollock.
Pollock said the added depth the Decipher acquisition will bring to K2fly’s tailings and rehabilitation solutions was particularly exciting.
“We’d already been partnering with Decipher almost a year on developing new customer-focused solutions, so we have a strong understanding of the strength of their applications and the natural synergies between the two companies.
“Customers are already expressing enthusiasm for where we can take them, with real-time reporting for land access, disturbances and rehab, including aerial validation and remote monitoring capability,” added Pollock.
Decipher, which has been developed and operated by CSBP and WesCEF, offers cloud-based software-as-a-service monitoring and compliance solutions specifically for tailings management and rehabilitation for mining industry customers.
Decipher’s CEO, Anthony Walker, will join K2fly in a Senior Executive Position, along with the core Decipher team, with the deal expected to be finalised in mid-March.
“We have formed a very close working relationship with the K2fly team, and share a passion for delivering better ESG monitoring and compliance outcomes to the mining industry and the communities in which they operate. This transaction will dramatically increase our pace of deliver on these aspirations,” commented Walker.
The deal follows K2fly’s successful acquisition of the Sateva software suite, extending K2fly’s resource inventory management solutions to include model management and improved orebody knowledge.
“Many of our clients consider there to be a direct comparison between resource governance and tailings governance, so the timing is really good in being able to step up with a portfolio of complementary reporting solutions that covers the compliance spectrum for global miners,” added Pollock.
Read the article online at: https://www.globalminingreview.com/finance-business/03022021/k2fly-purchases-decipher/