Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

Genstar Capital Announces Agreement to Acquire Drilling Info Holdings, Inc.
Genstar Capital Announces Agreement to Acquire Drilling Info Holdings, Inc.

Published : , on

Genstar Capital, a leading private equity firm focused on investments in targeted segments of the software, industrial technology, healthcare, and financial services industries, today announced the signing of a definitive agreement to acquire Drilling Info Holdings, Inc. a portfolio company of Insight Venture Partners. Upon closing of the transaction, Genstar will become the new majority shareholder of the business, with Insight Venture Partners retaining a significant minority stake.

Drillinginfo is the leading software, data, and analytics platform for the energy value chain. The Drillinginfo platform is powered by an ever-expanding, industry-leading dataset derived from public and proprietary energy industry sources and delivered through a SaaS platform providing decision support insights to exploration and production companies, oilfield services companies, electrical power companies, and other commodity market and capital market participants.

Notably, the single instance platform is unique in serving most operational silos within these various entities and across all market sizes, from the world’s largest companies to its very smallest. The company serves over 3,500 customers in 50 countries and has over 45,000 named users. Headquartered in Austin, TX, Drillinginfo has over 675 employees across 13 offices.

Eli Weiss, Managing Director of Genstar, said, “Our investment focus in the software sector is to identify companies with market-leading technologies operating in dynamic growth markets. As with our earlier successful partnerships, we will provide the additional investment capital and resources to further broaden Drillinginfo’s customer relationships and execute their growth strategy. Drillinginfo’s focus on the world’s largest vertical market, the energy industry, brings ample opportunity for future growth. We will aggressively identify key acquisition and growth opportunities that will consolidate data onto the existing platform, broaden Drillinginfo’s product mix, expand its geographic footprint, and accelerate entry into adjacent market segments. We look forward to driving accelerated growth to build Drillinginfo’s future.”

Jeff Hughes, CEO & President of Drillinginfo, said, “Our growth is attributed to the unmatched quality of our products combined with an unwavering focus on the customer and supported by our incredibly talented team of people. We are now doing a better job than ever of serving customers as large as supermajors and as small as sole proprietors. We will continue to expand our range of product technologies to support our customers’ growing needs anywhere in the world. Genstar has a deep understanding of SaaS platforms like ours and we look forward to working together to further expand our suite of product offerings in areas important to our customers.”

Geoff Miller, Director of Genstar, said, “We are excited to partner with Jeff and Drillinginfo’s senior leadership team in this exciting new chapter for the company. Every day Drillinginfo delivers value to almost every kind of user in the energy sector from geoscientists to commodity traders, they’re helping them be more productive together. Nobody else in the market does this. We see numerous opportunities to build the business and we plan to drive growth with a focus on expanding service offerings through selective acquisitions to enhance its industry-leading data and energy analytics solutions.”

“It has been a privilege to work alongside Allen, Jeff and the rest of the executive team as they’ve driven Drillinginfo to be the SaaS analytics and data leader in the oil and gas industry,” said Deven Parekh, Managing Director at Insight Venture Partners. “We look forward to continuing our relationship and partnering with Eli, Geoff, and the Genstar team in this next phase of growth.”

Drillinginfo has successfully completed over 10 acquisitions to further strengthen its business. Recently, Drillinginfo announced the acquisition of PLS, Inc.’s research and database business and 1Derrick, two highly-visible companies in the oil and gas industry that offer services for sourcing, valuing and analyzing asset transactions.

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post