PakEnergy recently acquired Plow Technologies, a leading provider of cloud-based process monitoring and control software, including its industry-recognized OnPing industrial automation platform.
The acquisitions strengthens PakEnergy’s ability to provide end-to-end systems that automate the flow of information from the oilfield to the back office, and between partners, owners, and investors, according to the company.
“This is an exciting development for PakEnergy and our customers as we expand our portfolio of performance-enablement solutions with Plow’s industry-recognized SCADA systems and workflow automation capabilities,” PakEnergy CEO Santosh Nanda said in a news release. “This acquisition allows us to deliver immediate added value to the marketplace, particularly for our production customers, as Pak Production is already fully integrated with Plow’s OnPing SCADA platform.
“While we will continue to support various integrations to meet customer needs, the Pak Production and OnPing solution offers a single-source option for companies looking to optimize business automation processes, minimize risks, and drive greater profitability."
Plow’s OnPing platform simplifies the creation and management of automation systems and ensures reliability, accessibility, and integration with various devices and systems, PakEnergy reported. With features like drag-and-drop configuration, real-time polling, and mobile accessibility, OnPing empowers users to monitor, manage, and control operations from anywhere, making data more accessible and increasing clarity to drive better business decisions.
"PakEnergy has worked closely with the Plow team for over 10 years, co-developing industry-aligned solutions and partnering to deliver premier customer experiences,” said Ryan Lailey, PakEnergy chief product officer. “With this deal, our combined teams are positioned to collaborate on a deeper level. We look forward to the innovation that lies ahead and to broaden PakEnergy’s suite of business automation software programs for the oil-and-gas and renewable-energy industries.”
Scott Murphy, Plow managing partner and co-founder, said the company is excited to “officially join forces” with PakEnergy.
“This move to combine efforts was a logical next step to amplify the value we collectively bring to our customers of all sizes. Our SCADA expertise, combined with Pak Production’s incredible field data capabilities, is increasingly in demand. This transaction will allow us to deliver these capabilities to a wider audience and spur additional R&D investment as we combine the full Plow product line with PakEnergy’s upstream, midstream, and renewables software solutions."