Ikon Science, which is backed by Great Hill Partners, has acquired UK and Houston-based Perigon Solutions, a wellbore data management and visualization solutions. No financial terms were disclosed.
London – Tuesday 18th December – Ikon Science Limited, a leader in GeoPrediction technology, today announced it has wholly acquired Perigon Solutions, specialists in wellbore data management and visualisation solutions.
Ikon Science is building a global business developing scalable solutions for interpreting and understanding subsurface information, serving a market which is looking for faster effective decision making using integrated subsurface data and solutions.
Perigon Solutions is a leader in the knowledge management of subsurface wellbore data, with a business model that has clear market, revenue and cost synergies with Ikon Science. The acquisition of Perigon Solutions brings Ikon Science deep expertise in the data and knowledge management space.
“By unlocking our customers’ legacy rock physics and reservoir work, they will immediately gain the ability to derive new quantitative data-driven insights from past projects, analogues and global teams,” commented Mark Bashforth Ikon Science CEO. “You only have to consider Ikon’s vast suite of regional studies, proprietary projects and existing interpreted data to realise that our internal knowledge management database will be unrivalled in the industry.”
“Our customers, teams, and technologies gain immediate benefits from Ikon Science’s global reach and RokDoc client base,” said Stuart Thomson, CTO of Perigon Solutions. “We are eager to leverage Ikon Science’s experience in interpreting data and inroads into machine learning and AI to deliver richer, even more intelligent solutions.”
Ikon Science will hold a series of webinars and customer visits to provide clients and partners with the opportunity to ask questions and get more details on this venture and further details will be released when available. We encourage interested parties to follow Ikon Science on LinkedIn for updates.