M&A Deal Summary

Oildex Acquires Phoenix DAS

On September 28, 2017, Oildex acquired software company Phoenix DAS

Acquisition Highlights
  • This is Oildex’s 2nd transaction in the Software sector.
  • This is Oildex’s 3rd transaction in the United States.
  • This is Oildex’s 2nd transaction in Texas.

M&A Deal Summary

Date 2017-09-28
Target Phoenix DAS
Sector Software
Buyer(s) Oildex
Deal Type Add-on Acquisition

Target

Phoenix DAS

Houston, Texas, United States
Phoenix DAS is a provider of integrated field operations management software for oilfield suppliers. Phoenix offers a full suite of integrated, mobile field operations software for oilfield suppliers that manages sales, dispatch/e-ticketing, equipment, purchase orders, rental orders, inventory, personnel, safety, and payroll, and provides them with real-time information across multiple geographical areas.

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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 3 of 3
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2017 M&A 2 of 2
PREVIOUS 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 -