Bentley Systems announced that its subsurface company, Seequent, has acquired Eliis. Eliis is a seismic interpretation software company founded in 2007. The deal brings more than 100 Eliis geoscientists, technical specialists, and researchers to Seequent.
Deal scope
Eliis is headquartered in Montpellier, France. Its software helps geoscientists process and analyze seismic imaging data to build detailed subsurface models. The acquisition expands Seequent's geophysics and energy capabilities.
Company context
Bentley Systems provides software for professionals who design, build, and operate infrastructure. Seequent builds technology for understanding the underground. It operates in more than 150 countries and keeps its headquarters in New Zealand.
What Eliis offers
Eliis's main product, PaleoScan, is used by hundreds of energy companies. It combines patented Relative Geological Time technology with AI-assisted interpretation tools. A related project, PaleoModel, supports downstream reservoir simulation.
Eliis's team will join Seequent. The combined organization will have more than 950 colleagues across 32 locations. Seequent gains additional geophysics and seismic interpretation expertise.