Quantum Energy Partners and Global Reserve Group Lead $11 Million Financing Round of Datagration Solutions
Quantum Energy Partners and Global Reserve Group have led an $11 millionequity financing to support the growth of Datagration Solutions, Inc.. Datagration currently delivers PetroVisor, an open architecture software platform that improves the profitability of upstream operators by aggregating and integrating data from disparate systems into one cloud-based (or on-premise) platform with built-in workflow solutions to complete real-time analytics.
Datagration has assembled an experienced executive management team with a proven record of successfully growing and selling global enterprise software. Energy company software industry veterans Peter Bernard, Jorge Machnizh, and Ike Epley lead Datagration’s founding senior management team.
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The PetroVisor platform automates numerous operational workflows such as portfolio management, asset development, well productivity enhancement, and machine learning. Super-majors, national oil companies, and independents worldwide can easily leverage their data from all incumbent legacy systems in a collaborative approach, ultimately optimizing processes, operating costs, and capital expenditures while improving the efficiency of existing personnel. Utilizing the platform ecosystem approach eliminates legacy data logic dependency and breaks down existing organizational silos to deliver data excellence and continuous operational improvement. Datagration will use a portion of its new funding to build upon the PetroVisor platform by adding value-enhancing workflow automation solutions for upstream operators.
Datagration is a member of the Microsoft “One Commercial Partner Program” and is currently in many worldwide co-sell opportunities with Microsoft Energy. Datagration is also in Amazon’s AWS Partner Network.
“PetroVisor has already delivered game-changing financial results for many E&P companies and is ready to scale globally. The platform increases returns out of legacy brownfield and greenfield reservoirs, and gives engineers more time to make engineering decisions that will improve profitability,” said Executive Chairman Peter Bernard. “We are very pleased to welcome Quantum and Global Reserve Group to the team.”
“Datagration is the sixth energy technology venture capital investment that Global Reserve Group has made in partnership with Quantum. We were drawn to this opportunity by the strength of the management team and the quality of PetroVisor, as we saw it as a tremendously easy to implement solution for E&P companies that could meaningfully and quickly enhance their operational results and cash flow,” said Jeffrey Harris, founder of Global Reserve Group.
“The next step change innovation for the oil & gas sector is to properly harness the power of data. Datagration’s PetroVisor platform will help upstream companies realize the potential of advanced data analytics and workflow automation,” said Wil VanLoh, founder and CEO of Quantum Energy Partners.
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