M&A Deal Summary

IFS Energy & Resources Acquires Accend

On January 1, 2015, IFS Energy & Resources acquired information services company Accend

Acquisition Highlights
  • This is IFS Energy & Resources’ 1st transaction in the Information Services sector.
  • This is IFS Energy & Resources’ 6th transaction in the United States.
  • This is IFS Energy & Resources’ 3rd transaction in Texas.

M&A Deal Summary
Date 2015-01-01
Target Accend
Sector Information Services
Buyer(s) IFS Energy & Resources
Deal Type Add-on Acquisition

Target

Accend

Austin, Texas, United States
Accend, Inc. is a provider of online data to the oil and gas industry. DrillMap takes data from over 50 public sources, merges it, and displays it on maps so it can be viewed on smartphones, tablets, and computers. Accend was founded in 2011 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

IFS Energy & Resources

Denver, Colorado, United States
Category Company
Sector Software
Employees700
DESCRIPTION

IFS Energy & Resources is an independent provider of software and data solutions exclusively serving the upstream oil and gas, mining, and resource industries. Professionals from more than 1,700 companies globally rely on IFS’s integrated oil and gas data, land, accounting, and production solutions to optimize their business processes and performance. IFS Energy and Resources possesses more than 90 years of experience in data and 30 years in software and has offices around the world. IFS Energy & Resources is based in Denver, Colorado.

DEAL STATS #
Overall 7 of 7
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 7 of 7
State (Texas) 3 of 3
Country (United States) 6 of 6
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 Merrick Systems

Houston, Texas, United States

Merrick Systems is a provider of information technologies to mid-stream and upstream energy companies. Merrick's technology solutions improve production operations through automation technology that extends the economic life of producing properties, lowers lifting costs, increases production and optimizes overall operations.

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Mergr

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