New Technology Magazine

GLJ Acquires Equity Stake In VISAGE Analytics Software

CALGARY, Alta. -- Visage Information Solutions Inc., visual analytics software provider for the oil and gas industry, and GLJ Petroleum Consultants Ltd., Canada's leading oil and gas resource consulting firm, have announced that GLJ is acquiring an equity stake in the software innovator. The investment strengthens both companies' client offerings and secures their mutual leadership in Big Data analytics for oil and gas producers, investors and financiers.

VISAGE products and services benefit from GLJ's broad perspective with over 40 years of petroleum industry experience, extending the software's global and domestic market reach. As a shareholder in the analytics software company, GLJ will further distinguish its petroleum consulting services with software-driven insights while participating in VISAGE's success.

"In the time we've worked with GLJ, we were delighted to discover that their reputation of integrity is built on a history of innovation," said Bertrand Groulx, president, Visage Information Solutions. "We look forward to learning from their industry experience and contributing to their leadership in the industry."

"As an early adopter of VISAGE, GLJ was immediately impressed by the software's power and accessibility," said Jodi Anhorn, P. Eng., executive vice-president and chief operating officer, GLJ. "We recognized an opportunity to pursue strategic growth with a software team that fits our culture and understands the fundamental role of Big Data in the energy industry."

The collaboration with GLJ involves no change to the leadership of Visage Information Solutions, nor its operations or customer focus. Visage Information Solutions will continue to advance its product innovation, data access, market reach and overall vision of optimizing oil and gas industry performance through analytics.

Visage Information Solutions Inc. provides self-serve visual analytics for the oil and gas industry, utilizing both public and proprietary data. VISAGE analytics software offers insight to improve the decisions and strategies of oil and gas producers, investors and financiers. Visage Information Solutions is a private company founded in 2006. The company is passionate about how improving the analytic maturity of global oil and gas producers can transform their operational efficiencies and profitability. New Technology Magazine recognized VISAGE as a Technology Stars 2011 winner for Best Exploration Technology.

GLJ Petroleum Consultants Ltd. is a premier oil and gas resource consulting firm located in Calgary. GLJ is the market leader in Canadian evaluations and has dedicated professionals with the expertise, experience and reputation to handle any petroleum resource assessment worldwide. For over 40 years, GLJ has remained committed to delivering timely, consistent and reliable services to an impressive list of clients ranging from emerging junior producers to major E&P's, financial institutions, legal firms, investment bankers, government agencies, midstream and transmission companies. GLJ is a private Canadian company established in 1972.