Energy Software Intelligence Analytics (“ESIA”) is pleased to announce the completion of an exclusive licensing agreement with JSI Services Ltd (“JSI”). The agreement with JSI expands ESIA’s global analytical reach into the international upstream acquisition & divestment (“A&D”) market through the addition of JSI’s global coverage of deals and opportunities.
The agreement is aligned with the growth strategy for ESIA that includes a mix of new product development and acquisitions. ESIA’s goal is to provide best-in-class solutions for its customers and JSI is complementary to the existing portfolio of group companies, Hannon Westwood, Richmond Energy Partners, Novas Consulting, and Douglas-Westwood.
Formed in January 2015, ESIA continues to assemble a portfolio of businesses that deliver data, research, and insight for global energy markets as well as the financial and service sectors. JSI is an established and highly valued brand which has been providing reports, data and benchmarking analysis on the upstream deals market for 16 years. JSI’s services support the activities of Business Development, Commercial and New Ventures departments within companies focusing on the upstream E&P markets as well as financial institutions that make investment decisions in the sector.
Gavin Prise, Chairman of ESIA said: “This agreement with JSI Services Ltd expands our international commercial capability and is a further step in the development of ESIA. Through Hannon Westwood, Douglas-Westwood, Richmond Energy Partners and Novas Consulting we have a deep and expanding expertise in the global exploration & production markets and supply chain analysis. Following this latest addition, we are now able to offer a deep capability to support and offer greater insight into the global upstream A&D market through access to the internationally experienced individuals and unique databases within JSI Services Ltd. This step advances our strategic vision to create best-in-class solutions for our customers.”
Joe Staffurth, Managing Director and Founder of JSI commented “After 16 years of delivering unique deal screening and benchmarking services, we are delighted to be joining with ESIA who will invest in and develop our services further. The market for upstream deals has always been vigorous and we believe that in this period of depressed oil prices, a strong research based offering, that benchmarks available and past deals, provides the critical information companies need to make sense of the market and make better business decisions.”
ESIA continues to seek businesses that offer unique business intelligence, analytical software solutions and technical insights into the energy industry. The business is looking to support and foster growth of partner companies and to become an internationally recognised market intelligence specialist.
ENDS
Enquiries
Hannon Westwood
Richard McGrath, CEO
Tel: +44 (0) 203 735 9069
Making Waves Marketing
Tracey Dancy
Tel: +44 (0)1983 290 744
Notes for Editors
About ESIA
Energy Software Intelligence Analytics was formed in January 2015 by Energy Ventures, an energy specialist private equity firm with a vision to build a leading player in the business intelligence and market analytics space.
Following an active period of acquisitions in 2015 the group has acquired the operations of Hannon Westwood, Novas Consulting, Richmond Energy Partners and Douglas-Westwood.
With these acquired companies the group has assembled a unique market position in the Upstream E&P market covering both the operator and the supply chain perspectives.
Through unique proprietary data and industry expertise, the business offers fresh perspectives and insight into the industry and current market conditions.
With a global capability and presence ESIA also offers bespoke research services, technical and commercial consulting and services to support strategy.
About JSI Services Ltd
JSI Services was established by Joe Staffurth in 2000 and has been successfully built as a business for over 16 years.
The company provides a unique and extensive data base for the international upstream oil and gas industry handling divestment data from all around the world excluding North America.
The business is built around a Global Upstream Deals database which includes not only a review of most of the exploration farm outs that come onto the open market but also a record of the successfully completed farm outs and the metrics of each deal.
