Gemcom Acquires TeamTech Business to Expand Gemcom InSite Enterprise Solutions Offering

Monday, January 19, 2009 by Gemcom Software

Gemcom Software International, the largest global supplier of specialised mining productivity solutions, today announced that it has acquired the business of Australian-based TeamTech. Included in the acquisition of the TeamTech business are its mine site productivity software applications, intellectual property, trademarks, and a strong client base. Additionally, the TeamTech staff have joined Gemcom in product management, services and software development roles.

TeamTech software and services are complementary to Gemcom InSite, Gemcom’s mine performance management solution. TeamTech product offerings include components for enterprise systems integration, plant performance optimisation, mining activity optmisation, mineral and metal product management, production accounting, and travel and accommodation bookings. Since 1998, their services staff have worked with leading mining companies all over the world, delivering solutions spanning mining and plant operations.

“With the mining industry seeking solutions that increase productivity and reduce costs, I am excited about the additional benefits the TeamTech products and services offer,” said Rick Moignard, Gemcom’s president and CEO. “TeamTech brings to Gemcom a wealth of experience in deploying enterprise solutions, along with a strong, profitable business, and a global client base that includes some of the industry’s best known players.”

“TeamTech has worked closely with our clients over the past ten years to develop mining software solutions that make an immediate, positive impact on their operations. Like Gemcom, we understand the challenges of managing and driving the productivity of large industrial assets. That’s why we are thrilled with the opportunity to become part of the mining industry’s leader in software and services,” said Simon Stone, founder, president and CEO of TeamTech, who joins Gemcom in the new role of product line manager and product evangelist for Gemcom InSite.