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CMG Announces the Acquisition of Sharp Reflections GmbH

GlobeNewswire LogoGlobeNewswire2w ago

CMG Announces the Acquisition of Sharp Reflections GmbH - GlobeNewswire

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Significantly expanding seismic processing and interpretation capabilities with advanced solutions in prestack and 4D seismic analysisCALGARY, Alberta, Nov.12, 2024 (GLOBE NEWSWIRE) -- Computer Modelling Group Ltd.("CMG” or the "Company”) (TSX: CMG) is pleased to announce the acquisition by a wholly-owned subsidiary of CMG of all of the shares of Sharp Reflections GmbH ("Sharp”), a seismic processing and interpretation platform for geophysicists and quantitative interpreters.

For more information on Sharp Reflections, visit the website.1 Revenue and Adjusted EBITDA Margin are unaudited for the period August 1, 2023 – July 31, 2024 and are not reported in accordance with International Financial Reporting Standards (IFRS).

Adjusted EBITDA Margin refers to net income before adjusting for depreciation and amortization expense, interest income, income and other taxes, stock-based compensation, restructuring charges, foreign exchange gains and losses, repayment of lease obligations, asset impairments, acquisition related costs and other expenses directly related to business combinations, including compensation expenses and gains or losses on contingent consideration.

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Article Details

Author / Journalist: Computer Modelling Group Ltd

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 22:00:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 905 words

Reading Time: 6 minutes read

Sentences: 34 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 23560275

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 50 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 8 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Website Security: Secure (HTTPS)

Publisher ID: #116

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