Katalyst Expands Service Offering, Acquires Iron Mountain
Katalyst, the industry’s leading E&P subsurface data management firm, announced that it had acquired the UK tape transcription business from storage and information management company Iron Mountain. This acquisition, effective Nov. 30, brings Katalyst’s enhanced end-to-end services to oil and gas customers in the UK and Europe. Iron Mountain will retain all of their core services, including their highly secure storage and tape management services.
Customers will now benefit from leading technology solutions for subsurface data management, including Katalyst’s iGlass and SeismicZone solutions. Under the agreement, Iron Mountain will retain 25 percent ownership in Katalyst Data Management.
Perfect Timing for End-to-End Data Management
“We’re incredibly pleased and excited about this partnership,” said Katalyst President Steve Darnell. “We have made a substantial commitment to growing our service offering through ongoing R&D. Now, we’re expanding geographically as well, reinforcing our leadership position in subsurface data management. We will be making significant investments over the next several months to bring additional services and technologies to the UK and Europe marketplace”
Katalyst’s acquisition comes closely on the heels of another successful initiative. SeismicZone, launched this past August, is the industry’s first e-commerce site for securely viewing and licensing seismic data from multiple sources, dramatically expediting this time-consuming process.
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