Peloton enters into agreement to acquire Cevian Technologies

Calgary, Alberta (ots/PRNewswire) Peloton is pleased to announce that they have reached an agreement to acquire Cevian Technologies. Cevian is a cloud-based software company specializing in real-time data collection, visualization and reporting tools for the finishing industry. Cevian’s flagship product, FracNet, is a real-time fracturing data visualization and cloud storage platform that makes all fracturing treatment data accessible in a standardized, structured format during and after work.

As the energy industry advances digitization and cloud technology, the ability to align Cevian’s FracNet software and services with Peloton’s platform solutions, including the lifecycle of well and production data, will improve organizations’ ability to Analyze fracturing data, improve decision-making and optimize opportunities.

Glen Gray, CEO of Peloton, said, “We look forward to further developing FracNet and integrating our combined technology to increase productivity and reduce costs for our customers.”

Jocelyn McMinn, Co-Founder and General Manager of Cevian Technologies, added: “The addition of FracNet to the Peloton platform brings real-time precision and standardization of quality to the completion area, something that has long been common in the drilling industry.” “Peloton is the ideal home for Cevian, and together we will provide our customers with curated completion dates that can be easily accessed using FracNet or any visualization platform,” said Kevin Lo, Co-Founder and Managing Partner of Cevian.

Information on Peloton

The Peloton platform is driving the digital transformation of the oil and gas industry through mobility, automation and data integration by providing fully integrated solutions for the life cycle of well and production data as well as land data management. Today, more than 600 oil and gas customers around the world trust Peloton technology to provide their stakeholders with the tools and information they need to manage, simplify and optimize their operations.

Information on Cevian

Cevian Technologies has extensive experience developing real-time data collection, visualization, storage and reporting tools for the finishing industry. Cevian’s flagship product, FracNet, can support your analysis with clean, standardized Frac data during and after the job and has been used to make real-time operational decisions on over 10,300 completions.

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