Katalyst Data Management announced its intent to acquire the Rio de Janeiro-based oil and gas data product and service provider Geopost Energy. Geopost Energy provides seamless and instant online access to integrated data of all types, including seismic, interpretations, and well logs production data to its customers. In addition, Geopost offers continuously updated information and news on all aspects of Brazil’s offshore and onshore E&P activities.
What does the acquisition mean for Katalyst?
The acquisition represents an important expansion to the South American region for Katalyst, underpinning their increasing capabilities to support their customers in any region they operate. The Brazilian office will act as a hub for Katalyst in South America and add to Katalyst’s global footprint including data centers in Canada, US, UK, Australia, and Malaysia.
“This acquisition marks another milestone in our journey to have a presence in major oil and gas data markets across the globe,” said Katalyst President and CEO, Steve Darnell.
“We have long admired the technology and services that Geopost brings to the market. In addition to the growth of Geopost’s products into our existing regions, we are excited about our ability to incorporate their key technologies into iGlass and SeismicZone. We believe this will greatly enhance our already industry leading capabilities,” Darnell further commented.
“We are thrilled to become part of the Katalyst family. The combination of Katalyst’s industry leading firm, global footprint, and expertise with the technology and services developed by Geopost will contribute to a broader solution generating new opportunities in multiple regions. It is a huge opportunity for us as we advance,” said Christiano Lopes, Geopost’s CEO.
The transaction is subject to customary closing conditions.