MST Global Acquires MISOM Technologies

Published: October 25, 2017 |

[Click image to enlarge]

MST Global (MST) has entered into an agreement to acquire MISOM Technologies, based in Tucson, Arizona, for an undisclosed fee. The move is a significant step in the progression of MST’s global digital transformation strategy.

MISOM is a software technology company with foundations in big data, mine automation services and analytics for the mining industry. MISOM’s flagship solution, FARA, brings together Internet of Things (IoT) sensors, a tablet-based mobile app and digitization concepts, such as big data and gamification, to create innovative and affordable digitization of forms and asset management systems (AMS) for both underground and open pit mining. MISOM will continue to provide data warehousing and analytics services which complement FARA’s ability to use third-party data from other vendors’ FMS solutions and equipment vendor monitoring solutions.

“The acquisition aligns with MST’s strategy of bringing digitization and IoT to mining, tunnelling and construction. The innovative team at MISOM will play a key role as MST further advances these solutions, providing mining, tunnelling and construction customers with increased safety, improved productivity and operational intelligence capabilities,” said MST Global Chief Executive Officer, Haydn Roberts.

“FARA is unique in that it uses off-the-shelf smart devices to create a configurable mobile platform for workers and equipment for either surface or underground environments. The technology has the potential to be truly disruptive, taking technology which was previously cost prohibitive, and creating a simpler, more accessible solution, at a lower cost than current proprietary systems on the market. Finally, MISOM enables MST to offer a true IoT enabled solution that delivers on the promise of digitisation for its customers,” added Roberts.

The MISOM product suite will fit well with MST’s current software and hardware solutions, including the IMPACT network suite and new FUSION platform. It further cements MST’s continuing leadership in bringing bench-mark technologies to market for the mining, tunnelling and construction industries.

“MISOM creates a platform and a support model to help mines create highly innovative and affordable systems that can improve safety and productivity. This fits perfectly with MST’s wide reach in the underground market and their latest version IMPACT solution,” said MISOM founder, Sean Dessurault.

“MST’s ambition to also support the surface market is timely due to the radical shift in technology through LTE which will now rewrite surface wireless making FARA a low-cost, low-infrastructure Fleet Management System (FMS) option for mines of any size, including quarries. The entire MISOM team is looking forward to working with MST, especially MST’s highly experienced global executive leadership team,” added Dessurault.

Sean will continue with MST in an innovation and product leadership role going forward.

About MST Global
MST Global (MST) provides mine communications networks and operational productivity solutions which assist organizations in the mining, resources and industrial sectors to optimally manage their core business operations.

Founded in Australia in 1989, the company specializes in the design, deployment and support of critical technologies for communications, mining automation-enablement, production optimization, vehicle and tracking miners underground, and safety in hazardous underground and surface environments. A pioneering force within the mining industry, the company has more than 600 technology deployments at mine sites worldwide.

To stop by MST Global’s website, CLICK HERE

Be in-the-know when you’re on-the-go!

FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.

For licensing permission, .(JavaScript must be enabled to view this email address)