Seequent Ltd was formed in 2004 by Bruce McCallum and initially he was a one man band. As at 2023 the company has grown to 700+ employees dealing with a growing clientele spread over 120 countries and the international head office which also encompasses a R&D division, remains in Christchurch, New Zealand.
In 2012 and after six years as Chief Operating Officer, Graham Grant was appointed as Seequent's CEO. On the back of his company's extraordinary success he promotes New Zealand as being ideally positioned to assume a more dominant role in the international IT industry and posits that the government should do more to encourage that to evolve.
Seequent develops innovative geoscience analysis technology which allows for modelling, visualisation and understanding the subterranean world and leading to engineering design solutions. Their work has widespread application including the mining industry, geothermal energy, infrastructure foundation design etc
Breakthrough at Auckland City Rail Link project
In June of 2021 Seequent Ltd was sold to Nasdaq listed Bently Systems Inc for US$900 million in cash and 3.1 million stock shares equating to a total transaction value of US$1.05 billion (NZ$1.46 billion). The deal was brokered by private equity fund Accel-KKR. Bently Systems Inc is a huge IT conglomerate based in Exton, Pennsylvania.
Last year Seequent was awarded the PwC 2022 NZ Hi-Tech Award and in the same year it was ranked No.23 on the TIN100 (Technology Investment Network).
Rejigit applauds the enterprising and cutting-edge work Seequent continues to carry out and long may they remain in New Zealand.