The acquisition is expected to combine both the companies’ assets to bolster technology, advanced analytics, and intelligence across the energy industry.
Texas based leading energy SaaS and data analytics firm, Enverus has reportedly announced taking over Canada headquartered innovative technology firm RS Energy Group. The acquisition is focused on strengthening Enverus’ intelligence, advanced analytics and technology offerings to the energy market.
Enverus has been supported by Genstar capital in terms of financial funds and its leading technology enables the operators, oilfield service companies, and investors to build faster and better decisions while delivering unparalleled, in-field business automation software and capabilities. Moreover, it has been claimed that the companies, jointly, would transform the way energy companies and investors carry out technical workflows, automate business procedures, and deliver shareholder value.
Speaking of the acquisition, the CEO and President of Enverus, Jeff Hughes reportedly quoted that, the acquisition is likely to accelerate innovation through high powered technology and is an active step for the company in breaking down grain storage towers by building workflows across land, geology, engineering, and others. He further added that the company’s streamlined vision, relentless commitment, and customer centric focus would enable the clients to solve their complex challenges.
Meanwhile, Jim Jarrell, the President and co-CEO of RSEG cited that the unison with Enverus is expected to bring tremendous opportunity for both companies and their customers in the upcoming years. RSEG has developed an exceptionally successful business and shares a deeply embedded culture pertained to client’s success. Moreover, the company’s shared vision and collective resources enable it to catalyze the innovation and delivery of solutions to meet the industry’s most intense challenges.
On the other hand, Manuj Nikhanj, the co-CEO of RSEG reports that with the support of Enverus, RSEG would continue to create a single solution which is vertically integrated from the technical teams to the board room. He adds that the companies’ would progressively work together to fast-track the energy industry’s digital transformation.