M&A Deal Summary

Oildex Acquires Automatic Data Processing - OpenInvoiceTM

On June 29, 2015, Oildex acquired software company Automatic Data Processing - OpenInvoiceTM from ADP

Acquisition Highlights
  • This is Oildex’s 1st transaction in the Software sector.
  • This is Oildex’s 1st transaction in the United States.
  • This is Oildex’s 1st transaction in Alabama.

M&A Deal Summary

Date 2015-06-29
Target Automatic Data Processing - OpenInvoiceTM
Sector Software
Buyer(s) Oildex
Sellers(s) ADP
Deal Type Divestiture

Target

Automatic Data Processing - OpenInvoiceTM

Birmingham, Alabama, United States

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Buyer(S) 1

Buyer

Oildex

Denver, Colorado, United States

Category Company
Founded 1999
Sector Software
DESCRIPTION

Oildex offers premier cloud-based oil and gas accounting software with workflow automation and electronic document exchange designed specifically for the oil and gas industry. More than 1,100 operators, 74,000 registered service providers, dozens of financial institutions and millions of mineral rights owners use the Oildex Network to seamlessly and securely collaborate with their business partners, automate critical business processes, eliminate the high cost and errors associated with the handling of paper, and obtain access to key data to make more informed business decisions. Oildex is headquartered in Denver and has offices in Calgary; Houston; Austin; Fayetteville, Arkansas, and Tennessee.


DEAL STATS #
Overall 1 of 3
Sector (Software) 1 of 2
Type (Divestiture) 1 of 2
State (Alabama) 1 of 1
Country (United States) 1 of 3
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-12 PDS Energy Information - Energy Financial Data Exchange Products & Services

Austin, Texas, United States

PDS Energy Information, Inc. - Energy Financial Data Exchange Products & Services includes Owner Relations products and services, creates the #1 digital data exchange platform and network in the oil and gas industry. PDS Energy will continue to focus on providing operational data through their Well Data Exchange and production exchange services to oil and gas market participants.

Buy -

Seller(S) 1

SELLER

ADP

Roseland, New Jersey, United States

Category Company
Founded 1949
Sector Business Services
Employees60,000
Revenue 18.0B USD (2023)
DESCRIPTION
ADP office in St. Louis, Missouri.
ADP office in St. Louis, Missouri.

ADP is a provider of business outsourcing solutions. ADP offers a wide range of human resource (HR), payroll, tax and benefits administration solutions from a single source. ADP is also a provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment retailers and manufacturers throughout the world. ADP was incorporated in 1949 and is based in Roseland, New Jersey.


DEAL STATS #
Overall 5 of 7
Sector (Software) 4 of 4
Type (Divestiture) 4 of 6
State (Alabama) 1 of 1
Country (United States) 5 of 7
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-04 PayRoll S.A.

Providencia, Chile

Payroll S.A. provides a broad array of payroll and HR outsourcing solutions to clients of all sizes, including domestic and multi-national organizations

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-06 AdvancedMD

South Jordan, Utah, United States

AdvancedMD is a provider of cloud-based practice management, electronic health records, and revenue cycle management software solutions to the independent physician practice market. AdvancedMD was founded in 1999 and is based in South Jordan, Utah.

Sell -