EV Private Equity has sold Bluware to Computer Modelling Group
Bluware is a software and services company specializing in cloud and interactive deep learning solutions for subsurface decision-making including seismic interpretation. Bluware’s proprietary volume data storage (VDS) data format compresses raw and interpreted seismic data sets, making them adaptable and scalable. It enables fast data access, cost-effective cloud storage and compute-intensive workflows. The company’s flagship product, InteractivAI, is a cloud-native software solution that leverages VDS to deliver an interactive artificial intelligence (AI) tool, compressing seismic fault interpretation timelines from months to days through the combination of expert user input and cutting-edge deep learning.
Bluware has built out a comprehensive suite of software and consulting services for blue-chip oil and gas customers. The acquisition of Bluware significantly enhances Computer Modelling Group (CMG)’s strategy of investing in strong technologies in the upstream energy market.
Pramod Jain, Chief Executive Officer of Computer Modelling Group, commented, “With Bluware, we are building on our expertise in cloud delivery, advanced technologies and data management which allows us to deliver improved workflows and collaboration with increased speed, performance and accuracy.”
Mike Lippert, Lincoln International Managing Director who led the transaction, commented, “We are thrilled to have worked with the Bluware team and look forward to seeing the company’s continued growth as part of the CMG platform.”
Computer Modelling Group
CMG is a global software and consulting company that combines science and technology with deep industry expertise to solve complex subsurface and surface challenges for the new energy industry around the world. CMG is headquartered in Calgary, Alberta, with offices in Houston; London; Dubai, United Arab Emirates; Bogota, Rio de Janeiro; Bengaluru, India and Kuala Lumpur, Malaysia.
This is a great home for Bluware, our employees, our clients and our technology. We were laser focused on the delivery of a sector changing deep learning product, and this will be the perfect way to continue to add value for our customers.
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