Emerson Completes Paradigm Acquisition
Emerson (NYSE: EMR) introduced it has completed the acquisition of Paradigm , a leading company of software application solutions to the oil and gas industry.
The combination of Standard with Emerson's Roxar software application business produces a comprehensive Expedition & Production (E&P) software application profile offering.
"Emerson is placed to fulfill customers' demand for an independent, global company of comprehensive E&P software program services," said Emerson Chairman and Chief Executive Officer David N. Farr. Paradigm and Roxar together can much better help customers attain Top Quartile Performance by increasing efficiency, minimizing expenses and enhancing their roi within new and established tanks."
Paradigm is headquartered in Houston and has greater than 500 staff members around the world. The company supplies a range of devices that make it possible for customers to obtain further understanding into the subsurface, minimize uncertainty and support responsible asset management.
