The company is a real time risk and reliability software provider for the oil & gas industry. The company’s systems provide clients with the ability to respond to real time faults, failures, and regulatory reporting on demand. The offering also includes a holding company, which houses intellectual property.

Key Aspects

• Proprietary subscription-based software package that allows for rapid risk assessments
• Loss mitigation software generates accurate reports within minutes
• Exclusive trainings increase operator response times and effectiveness
• Current software can be applied to a variety of industries, including the emerging renewable energy sector

Opportunities
• Implement the business model for the renewable energy sector, specifically offshore wind markets.
• Bolt on opportunity for other rig technology servicers and rig operators seeking in-house automation.
• Sales are expected to increase as market conditions improve and rig service providers increase work projects.
• Augment pilot program on all company systems and major OEMs for provision in case studies, sales presentations, and value demonstrations to clients.

Headquartered
• Southern, US

Current Markets
• The company’s clients are domestic upstream offshore drilling contractors and operators. The company can reach clients throughout the world via its online services.

Real Estate
• The company operates from a 3,297 square-foot facility in the southern U.S., includes space for further expansion, and is leased from an unrelated third party

Shareholder Objectives
• Ownership is open to a transition period, as well as various deal structures to facilitate a transaction.

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Risk and Reliability Software Provider for the Offshore Industry – BN000036156

Risk and Reliability Software Provider for the Offshore Industry – BN000036156

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