Enverus announced that a global private equity firm, Hellman & Friedman (H&F) has completed the acquisition of their company. This partnership will help to accelerate Enverus’ market-leading position and supercharge growth in Predictive Analytics, Artificial Intelligence (AI), and Machine Learning (ML) for the energy industry.
Enverus is a global leader in energy data analytics and SaaS technology, provides high technical insights and predictive or prescriptive analytics which can strengthen customers to make decisions that increase profit.
The CEO of Enverus, Jeff Hughes, said, “We’re extremely excited to complete this transaction and begin working closely with the H&F team. H&F has an impressive track record in the SaaS space and this partnership will allow us to benefit from their significant expertise, experience, and resources. Their investment will help accelerate our growth trajectory, and drive continued innovation, as we help our oil and gas customers leverage predictive analytics, artificial intelligence, and machine-learning capabilities, while simultaneously expanding into renewable energy, power, and ESG capabilities.”
Hellman & Friedman, a global private equity firm particularly makes an investment in large-scale equity investments in high-quality growth businesses. H&F targets outstanding businesses in particular sectors such as software & technology, financial services, healthcare, consumer & retail, and other different business services.
Ben Farkas, the partner at H&F, said that H&F has followed Enverus for years and their investment is a clear vote of confidence in its industry-leading product, strong team, and incredible growth potential in a market that is being revolutionized by technology. They are thrilled to be partners with the team at Enverus as they continue to innovate and bring advanced SaaS solutions to energy customers around the world.