Probabilistic subsurface risk assessment
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CMG Announces the Acquisition of Rose Subsurface Assessment
Globenewswire· 2026-03-25 11:00
Core Insights - Computer Modelling Group Ltd. (CMG) has acquired Rose Subsurface Assessment, enhancing its capabilities in probabilistic subsurface risk analysis and resource assessment for the exploration and production industry [1][3] Acquisition Details - The purchase consideration for Rose is USD 9.8 million, which includes USD 8.8 million in cash at closing and an amount equivalent to Rose's cash on hand prior to closing, with a potential earn-out of up to USD 2.5 million based on performance milestones [7] - Rose's trailing twelve-month (TTM) revenue is approximately USD 6.8 million, with recurring revenue representing over half of total revenue [7] Company Profiles - Rose is recognized for its rigorous methodology in probabilistic subsurface risk assessment and has developed the Geo Risk Analysis Studio software, which aids operators in making informed decisions regarding exploration and development [4][5] - CMG is a global software and consulting company focused on solving complex subsurface and surface challenges in the new energy industry, headquartered in Calgary, Alberta [6]