The deal adds PaleoScan’s patented Relative Geological Time technology and AI-assisted interpretation capabilities, with more than 100 specialists joining Seequent.
EXTON, PA, Nov 3, 2026 – Bentley Systems announced that its subsurface software business, Seequent, has acquired Eliis, a French seismic interpretation software developer. The acquisition adds Eliis’ PaleoScan platform and AI-assisted interpretation tools to Seequent’s subsurface software portfolio.
Eliis develops software that processes and analyzes seismic imaging data to build models of the subsurface. PaleoScan uses Relative Geological Time technology and AI-assisted interpretation capabilities to analyze seismic data. PaleoModel is a co-innovation project projected to support downstream reservoir simulation.
Eliis’ seismic interpretation capabilities complement Seequent’s existing subsurface software, including Leapfrog, an implicit geological modeling tool.
Graham Grant, CEO, Seequent, said, “I am delighted to welcome Eliis to Seequent. Global challenges – notably energy security, the energy transition, and the demand for critical resources – are increasing the need for deeper subsurface insight. Lower cost seismic data acquisition and AI are expanding the adoption of seismic methods beyond oil and gas. We see huge opportunity in energy, mining, as well as groundwater management, the recovery of minerals from brines, and carbon storage. For example, seismic interpretation helps mining companies reduce geological uncertainty and discover deeper mineral deposits compared to traditional methods. Eliis will strengthen Seequent’s ability to help our users understand the underground, reduce uncertainty and risk, and make better, faster, and more confident decisions.”
Benoît Matha, CEO, Eliis, said, “Seequent’s acquisition of Eliis provides us with a secure, long-term home in a company that deeply understands and values our expertise and software. The combination of Eliis’ seismic expertise with complementary geoscience and reservoir technologies will accelerate our ambition to become a leading subsurface technology platform beyond the energy industry – extending our reach across the subsurface workflow and unlocking new growth opportunities. We are excited to join Seequent and by the opportunities ahead.”
Dechert LLP and Simmons & Simmons LLP served as legal advisers to Bentley and Seequent in the transaction.
Source: Bentley Systems
About Bentley Systems
Bentley Systems, founded in 1984, develops software for infrastructure engineering with a focus on supporting the design, construction, and operation of critical assets across transportation, water, energy, urban, and utility sectors. Its solutions are used globally by engineers, architects, constructors, and asset owners across various disciplines and project phases. The company provides integrated tools for modeling, simulation, project delivery, and asset performance management. A key area of focus is enabling digital twins to improve data integration and decision-making throughout the infrastructure lifecycle. Bentley’s software supports workflows across multiple engineering domains, helping users manage complexity and improve the reliability and resilience of infrastructure systems. Headquartered in Exton, PA, Bentley Systems operates in 40 countries with a workforce of around 5,500 employees. It serves approximately 41,000 customers in 190 countries.
About Seequent
Seequent is a New Zealand software company that develops geological modeling and subsurface analysis tools. Founded in 2003, it is headquartered in Christchurch, New Zealand. The company serves mining, civil engineering, environmental management, geothermal energy and infrastructure industries. Its customers include mining companies, engineering consultancies, environmental specialists, energy developers and research institutions. Its products include Leapfrog Geo, Leapfrog Works, GeoStudio, PLAXIS, Oasis montaj and OpenGround. These applications support geological modeling, geotechnical analysis, groundwater assessment and subsurface data management. Engineers and geoscientists use the software to interpret geological data and assess underground conditions. Seequent also provides technical training, software support and project data management tools. Bentley Systems acquired the company in 2021. Seequent operates across North America, South America, Europe, Africa and the Asia-Pacific region. The company reports more than 7,400 customers in over 145 countries.
About Ellis
Eliis is a French software company that develops tools for geological analysis and seismic interpretation. Founded in 2007, it is headquartered in Montpellier, France. The company serves energy companies, geological consultants, research institutions and academic organizations. Its main product, PaleoScan, processes seismic data to generate 2D and 3D geological models. Geoscientists use the software to analyze underground structures and assess potential energy resources. Applications include oil and gas exploration, geothermal energy development and underground carbon dioxide storage. Eliis also provides geological consulting, technical support, software training and seismic interpretation services. Its specialists assist customers with geological modeling and underground reservoir assessments. The company operates internationally, including in the United States, Brazil, Australia, Malaysia and China.