Business
GoldSpot Discoveries Closes Acquisitions of CEO.CA & Geotic Inc.
Acquisitions will be immediately accretive and bolsters client offering with a full suite of ...
About this update from Earthlabs Inc
[{"type":"text","content":"GoldSpot Discoveries Closes Acquisitions of CEO.CA & Geotic Inc.Acquisitions will be immediately accretive and bolsters client offering with a full suite of cutting-edge SaaS tools.Through CEO.CA, SPOT will better serve its community of mineral explorers, and diversify into other promising technology businesses, increasing the Company's ARR.Combination of GeoticLog and LithoLens will create an industry-first core logging and AI imaging cloud solution.Toronto, Ontario--(Newsfile Corp. - October 4, 2021) - GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) (\"GoldSpot\" or the \"Company\"), a leading technology services company leveraging machine learning to transform the mineral discovery process, is pleased to announce it has closed its previously announced acquisitions of investment social network CEO.CA and geoscience software company Geotic Inc. (\"Geotic\"). These acquisitions were previously announced on August 16, 2021.CEO.CA owns and operates a leading and rapidly-growing investment social network used by over 8 million corporate executives, institutional and retail investors with deep roots in the mining industry among other sectors. CEO.CA is one of the most popular free financial websites and apps in Canada and for investors globally - with industry leading audience engagement and mobile functionality. Geotic operates a portfolio of five cutting-edge tools (GeoticMine, GeoticLog, GeoticGraph, GeoticCAD and GeoticField) as well as a modular core camera hardware system. From drilling data collection to 3D modelling, Geotic offers an integrated software solution to hundreds of global junior mineral explorers and senior producers with cost effective data analytics and an unmatched focus on quality and ease of use over traditional manual data collection methods.\"The closing of these two acquisitions reaffirms our commitment to acquire licensable software products and build robust and recurring revenue streams,\" said Denis Laviolette, Executive Chairman and President of GoldSpot. \"CEO.CA and Geotic are transformative for GoldSpot as we scale our proven technology and bring forward the industry standard tool kit for mining 2.0. Together, we are working to define the future of mineral exploration software that will enable explorers across mineral and deposit types to generate success for their projects and their shareho...