IHS Inc. (NYSE: IHS) has purchased software company Fekete Associates for an undisclosed amount.
Calgary, Alberta-based Fekete provides management software and services to the oil and gas industry. The company aims to help customers find and develop new oil and gas reserves and optimize production from existing assets. Fekete’s software programs provide oil production and reserves analysis, asset management software, pressure analysis, shale gas development planning services and coal-bed methane-reservoir analysis.
IHS, headquartered in Englewood, Colo., provides information, insight and analytics to business and governments. The acquisition should allow the company to expand the services it offers to the energy market.
Deals flowing from the energy sector are spurring M&A in supporting technology. On April 8, NRG Energy Inc. announced plans to buy a cogeneration plant in Texas and EDF En Canada Inc. and Enbridge Inc. announced they would acquire a wind project in Canada.