News – P2 Energy Solutions Adds Regulatory and Compliance Offering Through Beyond Compliance Inc. Acquisition
P2 Energy Solutions Adds Regulatory and Compliance Offering Through Beyond Compliance Inc. Acquisition
DENVER, December 7, 2011 – P2 Energy Solutions, a technology company that provides a comprehensive range of software, services, and data to the energy industry announced today it has acquired Beyond Compliance Inc., a leading provider of SaaS-delivered automated compliance management solutions.
Through the acquisition of Beyond Compliance, P2 is demonstrating its commitment to bring more value to our customers through a broader operational footprint. Beyond Compliance will expand P2 Energy Solutions’ offerings into the Health, Safety and Environmental (HS&E) compliance area with a unique suite of solutions that help energy companies manage regulatory, safety and corporate compliance by improving the workflow between field operations and corporate offices.
“Beyond Compliance’s long history and focus on the HS&E requirements of energy companies will create tremendous value to our combined client base,” said P2 Energy Solutions’ CEO, Bret Bolin. “This acquisition extends P2’s broad product portfolio to include proven workforce management and automation solutions that address critical field and site level data capture and compliance needs in an increasingly regulated industry. We see immediate opportunities to deploy these solutions globally wherever energy is produced, including upstream onshore and offshore, midstream, downstream, and renewable and traditional power generation.
Michael Koury, President and CEO of Beyond Compliance, Inc. said, “This transaction provides Beyond Compliance a tremendous opportunity to leverage P2’s organizational scale and flexibility to accelerate product development and growth to serve our collective customer base and the broader market. We look forward to joining the P2 family and continuing the culture of success P2 has established with the leading upstream providers in the US, Canada, and internationally.”
Beyond Compliance’s flagship product, Integrated Compliance Management System (ICMS®), provides field workers with necessary tools to improve inefficient paper-based data gathering methods including field inspections, worker competency and safety management, incident tracking, and vendor management. ICMS and its related modules including FieldTRAK® , Workplace Incident Management (WITS®), SkillsTRAK®, Management of Change (MOC™) and ICMS Audit™ are currently deployed at more than 70 customers representing the oil & gas, mining, and utilities industries.
All Beyond Compliance solutions are Web-based, allowing users to access them wherever they have an Internet connection. More than 500 unique sites and 10,000 users leverage Beyond Compliance solutions to support their HS&E processes and requirements.
Read more on the P2/BCI Acquisition FAQ.
About P2 Energy Solutions
P2 Energy Solutions is the only technology company that provides a comprehensive range of software, land management tools, and outsourcing, to the energy industry. More than 1200 top global energy companies use P2 products and services daily to improve decision-making, gain clarity into complex workflow scenarios, and optimize upstream efficiency. P2 serves the entire energy sector — including hydrocarbon-sourced, as well as alternative-sourced energy, including solar, wind, hydro-, and geothermal. With more than 80 years of experience in data and 30 years in software P2 operates from headquarters in Denver, CO, has offices in six locations including Calgary, Alberta, Houston, TX, and Dubai, UAE, and employs 700 people.
ICMS, FieldTRAK, WITS, and SkillsTRAK are registered trademarks of P2 Energy Solutions.
