IHS Acquires Fekete Associates
ENGLEWOOD, Colo. -- April 8, 2013
IHS Inc. (NYSE: IHS), the leading global source of information and analytics,
today announced it has acquired Fekete Associates, a leading provider of
integrated reservoir management software and services to the oil and gas
industry. Terms of the transaction were not disclosed.
“The acquisition of Fekete plays an important role in better supporting our
customers as we continue to seamlessly connect IHS information and expertise
with the right tools and technologies linked to key energy workflows,” said
IHS Chairman and Chief Executive Officer Jerre Stead. “The products and
services offered by Fekete build on existing IHS Energy solutions and provide
new opportunity to expand Fekete offerings to a high-growth global energy
Fekete is a leading provider of integrated reservoir and production
engineering tools and workflow solutions to the oil and natural gas
exploration and production industry. Headquartered in Calgary, Alberta, Canada
and with an office in Houston, the company’s digital solutions help customers
find and develop new oil and gas reserves, and optimize production from new
and existing assets by processing, analyzing, interpreting and modeling
digital subsurface information. Fekete’s Harmony™ platform, an easy-to-use and
customizable software environment that hosts its Well Performance Analysis
applications, is the company’s hallmark product.
“Combining Fekete workflow tools with IHS Energy information will create new
efficiencies for customers and speed time to decisions in exploration and
production. In a very dynamic global energy environment, providing integrated
solutions that improve productivity and allow an even greater level of insight
in making investment decisions is a great outcome for our customers and for
IHS,” said IHS President and Chief Operating Officer Scott Key.
Fekete provides solutions to support customers across the oil and gas asset
life cycle, from governmental applications to drill, brownfield developments,
well production analyses, reserve evaluations and simulation services. Their
deep expertise aligns well with IHS significant permitting, drilling,
development, production and reservoir databases.
David Dunn, president of Fekete, affirmed: “We’re excited about the
opportunities this acquisition offers Fekete’s clients by supporting seamless
connections to data that is integral to a proper well or asset performance
analysis. The IHS global reach will expand the delivery of cutting-edge
engineering services and products worldwide, and help position key support
personnel across critical growth markets supporting the current demand for new
tools to handle the frontier of unconventional resources.”
Additional information on the acquisition will be provided at IHS Investor Day
on April 10, 2013.
About IHS (www.ihs.com)
IHS (NYSE: IHS) is the leading source of information, insight and analytics in
critical areas that shape today’s business landscape. Businesses and
governments in more than 165 countries around the globe rely on the
comprehensive content, expert independent analysis and flexible delivery
methods of IHS to make high-impact decisions and develop strategies with speed
and confidence. IHS has been in business since 1959 and became a publicly
traded company on the New York Stock Exchange in 2005. Headquartered in
Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth
and employs more than 6,000 people in 31 countries around the world.
IHS is a registered trademark of IHS Inc. All other company and product names
may be trademarks of their respective owners. Copyright © 2013 IHS Inc. All
Dan Wilinsky, +1-303-397-2468
Andy Schulz, +1-303-397-2969
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