Pandell Acquires Prizm Surface Group and its 'SLIM' Software Suite
Calgary, AB – (May 21, 2012) Pandell Technology Corporation, a pioneer of Software-as-a-Service (SaaS) industry solutions, announced today that it has acquired Calgary-based software company, Prizm Surface Group. The acquisition includes Prizm’s Surface Land Information Management software assets (SLIM), its active personnel resources, and an existing customer base of E&P, electric utility, and pipeline companies. Specific terms of the deal were not disclosed, however, the purchase was described as a combined cash and share purchase arrangement.
"Prizm brings a combination of industry expertise and software resources to the table that are an ideal complement to our existing GeoNexus land management solution,” says Greg Chudiak, Pandell’s President and CEO. “We’re excited about the immediate benefit this will offer to our current GeoNexus customers. Going forward, we’ll leverage Pandell’s leading-edge technology to upgrade the SLIM software products to web-based offerings, which will deliver even greater value to our clients."
About Prizm Surface Group Ltd.
Prizm Surface Group started as a land brokerage firm in 1991 and in 1995 launched a field-tested suite of workflow tools to manage surface land information. Surface Land Information Management software, or “SLIM”, includes tools for road-use, third party agreements, and surface file management. Used by prominent oil & gas companies, surface land brokers, electric/utility companies, and municipalities, SLIM streamlines surface land administration processes including document generation and full life-cycle maintenance activities.
For more information or to request a product demonstration, please contact Pandell at 403.271.0701 or email: email@example.com.
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Pandell is a leader in delivering Software-as-a-Service (SaaS) solutions to 500+ energy companies in Canada, the USA, and abroad. Our customers range from startups to major enterprises across the energy sector including upstream oil & gas, midstream facilities, oilfield services, land brokers, pipelines, utilities, mining, and renewable energy. Our cloud-hosted product suite helps finance, land, and operations teams run their business more effectively; while our enterprise division builds and manages large-scale web portal applications that facilitate work across organizations. Combining the strength of our industry experience, ground-breaking Lithium™ technology, and practical software subscription model, we are Crafting the Future of Energy Software.