Ambercore announces acquisition of Terrapoint

OTTAWA, June 3 /PRNewswire/ - Ambercore Software Inc., a leading global provider of high performance spatial software and services for Energy and Mining industries, is pleased to announce the acquisition of the Terrapoint Business Unit from Pulse Data Inc. The transaction was facilitated by funding from SQFive Intelligent Oilfield Solutions Ltd., a subsidiary of Quorum Oil and Gas Technology Fund Limited. Providing this additional growth capital to Ambercore, the Quorum Group continues to be a strong financial partner.

"The combination of Ambercore and Terrapoint creates a powerful company that can offer end to end spatial data solutions," said Martin Sendyk, President and CEO of Ambercore. "The two companies have worked together in the past, combining Ambercore's software capabilities with Terrapoint's airborne LiDAR services. Both groups are excited to develop further synergies going forward."

James Ferguson, President, Terrapoint Division commented, "Terrapoint has been well known as an innovative, high tech, geospatial services company. We are looking forward to maintaining the Terrapoint brand under this new corporate structure as we expand our LiDAR and related solutions to clients."

For more information on Ambercore and Terrapoint, please visit www.ambercore.com.

About Ambercore

Ambercore provides enterprise-scale software and service solutions for Energy, Mining and natural resource sectors. With its powerful spatial modeling and simulation software, Ambercore helps clients make important business decisions by collecting, integrating and analyzing 2D and 3D spatial information. Best of breed solutions comprised of software, hardware and services have been deployed internationally with tier-one clients. Ambercore is headquartered in Ottawa, Canada with offices in Calgary, South Africa and Europe.

About the Terrapoint Division

Terrapoint has provided LiDAR and other digital mapping services for a diverse clientele in over forty countries for the past twenty years. Terrapoint's primary focus is to find solutions that fit client needs, and to continue a reputation for meeting and exceeding client demands in the delivery of digital elevation and image data. Service and product offerings include complete airborne LiDAR, and digital imaging for engineering, survey and mapping applications. Terrapoint has state-of-the-art processing centers in Houston and Ottawa.

Ambercore is a trademark of AmberCore Software Inc.

Terrapoint is a trademark of AmberCore Software Inc.


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