M&A Deal Summary

Petris Technology Acquires Intervera

On December 19, 2008, Petris Technology acquired software company Intervera

Acquisition Highlights
  • This is Petris Technology’s 1st transaction in the Software sector.
  • This is Petris Technology’s 1st transaction in Canada.
  • This is Petris Technology’s 1st transaction in Alberta.

M&A Deal Summary

Date 2008-12-19
Target Intervera
Sector Software
Buyer(s) Petris Technology
Deal Type Add-on Acquisition

Target

Intervera

Calgary, Alberta, Canada
Intervera software, DataVera™ automatically profile data, clean and standardize issues, manage duplication and implement Master Data Management across any data source.

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Buyer(S) 1

Buyer

Petris Technology

Houston, Texas, United States

Category Company
Founded 1994
Sector Information Technology
DESCRIPTION

Petris is a supplier of practical data management solutions and geosciences applications to the global energy industry. Founded in 1994 and with over 500 clients throughout the world, Petris leverages its insight and knowledge to design technology that integrates information from diverse data stores including managerial, seismic, borehole, production, drilling, and pipeline to enable continually better decision making and application transparency.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2008 M&A 1 of 1