Pandell Acquires PetroNet Systems

October 5, 2020

Pandell Technology Corporation acquired PetroNet Systems in an asset purchase announced October 5, 2020, bringing the PetroNet production accounting software and its team into Pandell’s Canadian operations. The cloud-based PetroNet solution, used by more than 100 Canadian oil and gas producers, will be integrated into Pandell’s back-office SaaS suite to strengthen its upstream oil & gas financial and production accounting offering.

Buyers
Pandell Technology Corporation
Targets
PetroNet Systems
Industry
Cloud & SaaS
Location
Alberta, Canada
Transaction Type
Buyout

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