M&A Deal Summary

Enverus Acquires Pattern Recognition Technologies

On December 5, 2017, Enverus acquired information services company Pattern Recognition Technologies

Acquisition Highlights
  • This is Enverus’ 1st transaction in the Information Services sector.
  • This is Enverus’ 6th transaction in the United States.
  • This is Enverus’ 2nd transaction in Texas.

M&A Deal Summary
Date 2017-12-05
Target Pattern Recognition Technologies
Sector Information Services
Buyer(s) Enverus
Deal Type Add-on Acquisition

Target

Pattern Recognition Technologies

Plano, Texas, United States
Pattern Recognition Technologies, Inc. is a provider of short-term power demand and price forecasts to the electric, gas, solar and wind markets. Pattern Recognition Technologies was founded in 1994 and is based in Plano, Texas.

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Buyer(S) 1

Buyer

Enverus

Austin, Texas, United States
Category Company
Founded 1999
Sector Information Services
DESCRIPTION

Enverus is a data, software, and insights company focused on the energy industry. Through its SaaS platform, Enverus provides innovative technologies and predictive/prescriptive analytics, empowering customers to navigate the future. Enverus’ solutions deliver value across upstream, midstream and downstream sectors, enabling the industry to be more collaborative, efficient and competitive. Enverus was founded in 1999 and is based in Austin, Texas.

DEAL STATS #
Overall 7 of 16
Sector (Information Services) 1 of 5
Type (Add-on Acquisition) 6 of 15
State (Texas) 2 of 5
Country (United States) 6 of 12
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-07 Oil-Law Records

Oklahoma City, Oklahoma, United States

Oil-Law Records is one of the first oil and gas industry information providers in the U.S. Throughout its 62-year history, Oil-Law Records has developed an unrivaled reputation for quality records-keeping and timely updates used in the exploration and production of oil and gas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-12 1Derrick Pty.

Australia

1Derrick Pty. Ltd. is an independent oil and gas research and consulting firm, serving more than 150 clients including oil and gas majors, independent E&P companies, blue chip PE firms, top investment banks and consulting firms. 1Derrick provides research services in the Oil & Gas sector through its databases and reports.

Buy -
Mergr

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