The two companies gave initial details of the deal in January and said Mincom’s management team, company name, head office location and products would not change under Francisco Partners’ ownership.

Mincom has been working on building its technical mining platform in recent years, with the acquisition of a number of small mining industry software development and technology companies.

“This investment will enable Mincom to pursue an aggressive growth strategy and reaffirms Mincom’s commitment to providing its customers and partners with market leading products,” Mincom chief executive Richard Mathews said.

“We are very pleased to have completed this transaction, which we believe has provided great value to our shareholders.”