Geologic Systems Ltd has acquired Top Analysis Ltd, a Calgary-based provider of thermal oilsands information and competitive intelligence though a software-as-a-service platform.
No financial terms were released for the purchase, which includes Top’s entire product suite and team, led by President Trevor Phenix.
Geologic, a Calgary-based provider of data and software decision support systems to the upstream oil and gas industry in Western Canada and elsewhere , said the deal will allow the company to better serve its customers.
Established in 1983, Geologic in 2015 secured an investment from U.S. technology private equity firm BV Investment Partners.
geoLOGIC Acquires TOP Analysis, Thermal Oilsands’ Provider of Critical Information & Competitive Intelligence
CALGARY, August 16, 2019 – geoLOGIC systems ltd. (geoLOGIC) today announced that it has purchased TOP Analysis ltd. (TOP Analysis), a provider of Canadian thermal oilsands critical information & competitive intelligence through an easy to use SaaS platform available to all disciplines.
Founded in 2013, TOP Analysis has fundamentally changed the way in which companies make decisions in the thermal oilsands industry. With hundreds of users across organizations of all sizes and market segments, TOP Analysis is regarded as an industry standard for data associated with thermal projects and all oil & gas regulatory information by engineers, geologists and other technical professionals. TOP Analysis enabled clients to be competitive in a market where the ability to make timely development decisions can make or break a company.
This acquisition includes the entire product suite and the team behind them, so clients using TOP Analysis’ premium thermal oilsands and regulatory application platform will continue to receive the same high‐quality service they have come to expect.
“TOP Analysis’ culture of excellent customer service, their approach to market disruption, and unique industry expertise aligns closely with geoLOGIC’s strategy and product family,” said David Hood, geoLOGIC’s CEO. “Similar to hydraulic fracking, thermal oilsands technology has been a game changer for the energy industry. We are looking forward to pursuing insights derived from TOP Analysis, to help our clients become even more effective in today’s challenging business environment.”
Trevor Phenix, TOP Analysis’ President, said, “We are extremely excited to join forces with geoLOGIC, the industry leader and source of trusted data & decision tools. It was quickly apparent to us that geoLOGIC has a strong culture to collaborate, embrace new ideas, drive innovation, and deliver on continual development to support our vision. Our deep oilsands technical knowledge will complement geoLOGIC’s broad, industry‐wide customer base and establish new visions for disrupting the way industry operates.”
The acquisition of TOP Analysis is the most recent demonstration of geoLOGIC’s strategy to continually invest in high‐demand data & analytics solutions that enable clients to make better oil & gas decisions, utilize effective workflows, build & maintain competitive advantages, and deliver shareholder returns.
About geoLOGIC systems
geoLOGIC systems ltd. is based in Calgary, Alberta and has been providing high‐quality, integrated data and software decision support systems to the upstream oil and gas industry in Western Canada and elsewhere for over thirty years. geoLOGIC’s relentless focus on innovation, quality, and service has made it the trusted standard in the Western Canadian Sedimentary Basin.
geoLOGIC’s customers include oil & gas exploration and production companies, pipeline and midstream companies, service companies (engineering, consulting, reserves auditing, financing, stock and asset brokerages, drilling, oilfield servicing), government and regulatory organizations, and educational institutions. Its key products are geoSCOUT, a decision‐support tool providing comprehensive data for all disciplines within the oil and gas industry, and gDC, geoLOGIC’s comprehensive upstream oil and gas database.
For more information, please visit www.geologic.com or email info@geoLOGIC.com.
About TOP Analysis
Founded in 2013, TOP Analysis is a Calgary, Alberta based company that provides products to expedite and improve the analysis of oil and gas operations, specializing in the compilation of information critical for thermal operations. Having worked in technical roles with numerous oilsands operators for a combined 20+ years, the founders of the company experienced first‐hand the need for a centralized and streamlined process for competitor intelligence and regulatory surveillance. Supported by the knowledge gained with continuing to be involved in the exploration and production landscape, the two SaaS offerings developed (TOP Analysis and TOP Regulatory) have become essential tools in the industry for the technical evaluation and optimization of thermal and conventional oil and gas operations.
The TOP Analysis software provides unique thermal operation information, associated into project specific groupings which significantly expedites the overall analysis of both volumetric and design details. The TOP Regulatory software centralizes and categorizes regulatory applications for all of Alberta and Saskatchewan, providing industry leading access, search ability and real time notifications for user specific information of interest.
For more information, please visit www.topanalysis.com or email firstname.lastname@example.org.