Ambercore announces acquisition of Terrapoint



    OTTAWA, June 3 /CNW Telbec/ - Ambercore Software Inc., a leading global
provider of high performance spatial software and services for Energy and
Mining industries, is pleased to announce the acquisition of the Terrapoint
Business Unit from Pulse Data Inc. The transaction was facilitated by funding
from SQFive Intelligent Oilfield Solutions Ltd., a subsidiary of Quorum Oil
and Gas Technology Fund Limited. Providing this additional growth capital to
Ambercore, the Quorum Group continues to be a strong financial partner.
    "The combination of Ambercore and Terrapoint creates a powerful company
that can offer end to end spatial data solutions," said Martin Sendyk,
President and CEO of Ambercore. "The two companies have worked together in the
past, combining Ambercore's software capabilities with Terrapoint's airborne
LiDAR services. Both groups are excited to develop further synergies going
forward."
    James Ferguson, President, Terrapoint Division commented, "Terrapoint has
been well known as an innovative, high tech, geospatial services company. We
are looking forward to maintaining the Terrapoint brand under this new
corporate structure as we expand our LiDAR and related solutions to clients."
    For more information on Ambercore and Terrapoint, please visit
www.ambercore.com.

    About Ambercore

    Ambercore provides enterprise-scale software and service solutions for
Energy, Mining and natural resource sectors. With its powerful spatial
modeling and simulation software, Ambercore helps clients make important
business decisions by collecting, integrating and analyzing 2D and 3D spatial
information. Best of breed solutions comprised of software, hardware and
services have been deployed internationally with tier-one clients. Ambercore
is headquartered in Ottawa, Canada with offices in Calgary, South Africa and
Europe.

    About the Terrapoint Division

    Terrapoint has provided LiDAR and other digital mapping services for a
diverse clientele in over forty countries for the past twenty years.
Terrapoint's primary focus is to find solutions that fit client needs, and to
continue a reputation for meeting and exceeding client demands in the delivery
of digital elevation and image data. Service and product offerings include
complete airborne LiDAR, and digital imaging for engineering, survey and
mapping applications. Terrapoint has state-of-the-art processing centers in
Houston and Ottawa.

    Ambercore is a trademark of AmberCore Software Inc.
    Terrapoint is a trademark of AmberCore Software Inc.




For further information:

For further information: Press: Samantha Mabey, Ambercore Software,
(613) 216-0082, (press only): press@ambercore.com; General Information:
contact.us@ambercore.com, www.ambercore.com

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AMBERCORE SOFTWARE INC.

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