K2fly is set to acquire Decipher’s mining business to strengthen the former’s growing suite in tailings and rehabilitation solutions, after nearly a year of partnership.
According to K2fly, the company’s had high demand for its governance and technical assurance solutions globally.
K2fly chief commercial officer Nic Pollock considered the acquisition timely, as mining companies increased their environmental, social and governance (ESG) reporting.
It follows K2fly’s takeover of the Sateva software suite last year, which extends the former’s resource inventory management solutions to include improved orebody knowledge.
“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 for our customers, particularly in tailings, heritage and rehabilitation as well as land access and disturbance,” Polloc said.
“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.”
Decipher offers cloud-based software-as-a-service (SaaS) monitoring and compliance solutions for tailings management and rehabilitation.
Its acquisition will allow K2fly offer real-time reporting for land access, disturbances and rehabilitation, including aerial validation and remote monitoring capability.
Decipher chief executive Anthony Walker will join K2fly in a senior executive position along with the core Decipher team.
“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,” Walker said.
“This transaction will dramatically increase our pace of (delivery) on these aspirations.”
The deal is expected to close mid-March.