M&A Deal Summary

Pandell Acquires PetroNet Systems

On October 5, 2020, Pandell acquired internet software and services company PetroNet Systems

Acquisition Highlights
  • This is Pandell’s 1st transaction in the Internet Software and Services sector.
  • This is Pandell’s 1st transaction in Canada.
  • This is Pandell’s 1st transaction in Alberta.

M&A Deal Summary
Date 2020-10-05
Target PetroNet Systems
Sector Internet Software and Services
Buyer(s) Pandell
Deal Type Add-on Acquisition

Target

PetroNet Systems

Calgary, Alberta, Canada
PetroNet Systems is a provider of cloud-based solution is used by more than 100 oil & gas petroleum producers in Canada to manage their production accounting operations and government reporting requirements. PetroNet Systems is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Pandell

Calgary, Alberta, Canada
Category Company
Founded 1997
Sector Internet Software and Services
DESCRIPTION

Pandell is a software company that delivers industry-specialized Software-as-a-Service solutions to 500+ energy companies in Canada, USA, and globally. Its web-based product suite helps finance, land, and operations teams effectively run their business; while its enterprise division builds and manages large-scale .NET web applications for organizations. Pandell was founded in 1997 and is based in Calgary, Alberta.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-19 LandWorks

Houston, Texas, United States

LandWorks, Inc. is a provider of land asset management and GIS software to companies around the world in oil & gas, renewable wind energy, utilities, pipelines, and mining. LandWorks’ business has been built on providing reliable solutions that combine leading-edge technology, extensive land business experience, and dedicated GIS mapping and land record services. The company has a proven track-record of being the first to solve long-term land management challenges and improve the way land professionals work on a daily basis. LandWorks is an Esri Gold Partner and teams up with Esri on most new projects. LandWorks has twice been awarded the prestigious Esri Foundation Partner of the Year award.

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