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May 5th, 2011
P2 Energy Solutions Completes Acquisition of WellPoint Systems

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P2 Energy Solutions today announced it has completed the asset acquisition of Canada-based WellPoint Systems Inc., provider of several leading energy product families including BOLO Financial Management Software, IDEAS International Oil & Gas Venture Management System, Energy Financial Management and several mid-stream solutions.  This acquisition has created the largest independent technology company providing solutions to the energy industry.  The consolidated company offers a comprehensive range of financial, production, and operations software, land management tools, mid-stream marketing solutions and outsourcing services to more than 1,200 clients in 65 countries, and employs nearly 700 people. Eighty percent of the top 150 US energy companies*, 91 of the top 100 Canadian operators, and nearly 200 international operators use P2 solutions. Read More