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Datamine under new control

Published by
World Coal,

CAE has sold its mining division, Datamine, to Constellation Software. The division will operate within Constellation Software’s Vela Software Division.

“As reported last year, we decided to sell our mining business in order to concentrate our capital investment and management resources on our three core markets: civil aviation, defence and security, and healthcare. We are pleased that Constellation Software, a leading Canadian company specialising in vertical-market software businesses, will be leading Datamine through the next phase of its development. I would like to thank Datamine employees for their contribution to CAE,” commented Marc Parent, President and CEO of CAE.

“We are excited to acquire CAE’s mining software business, which represents our first investment in the mining sector,” said John Billowits, CEO of Vela Software. “We welcome the Datamine customers and employees to the Constellation family.”

Edited from press release by Harleigh Hobbs

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