Energy Software Intelligence Analytics (“ESIA”) is pleased to announce the completion of an exclusive licensing agreement with JSI Services Ltd (“JSI”). The agreement with JSI expands ESIA’s global analytical reach into the international upstream acquisition & divestment (“A&D”) market through the addition of JSI’s global coverage of deals and opportunities.
The agreement is aligned with the growth strategy for ESIA that includes a mix of new product development and acquisitions. ESIA’s goal is to provide best-in-class solutions for its customers and JSI is complementary to the existing portfolio of group companies, Hannon Westwood, Richmond Energy Partners, Novas Consulting, and Douglas Westwood.
Formed in January 2015, ESIA continues to assemble a portfolio of businesses that deliver data, research, and insight for global energy markets as well as the financial and service sectors. JSI is an established and highly valued brand which has been providing reports, data and benchmarking analysis on the upstream deals market for 16 years. JSI’s services support the activities of Business Development, Commercial and New Ventures departments within companies focusing on the upstream E&P markets as well as financial institutions that make investment decisions in the sector.
Gavin Prise, Chairman of ESIA said: “This agreement with JSI Services Ltd expands our international commercial capability and is a further step in the development of ESIA. Through Hannon Westwood, Douglas Westwood, Richmond Energy Partners and Novas Consulting we have a deep and expanding expertise in the global exploration & production markets and supply chain analysis. Following this latest addition, we are now able to offer a wide capability to support and offer greater insight into the global upstream A&D market through access to the internationally experienced individuals and unique databases within JSI Services Ltd. This step advances our strategic vision to create best-in-class solutions for our customers.”
Joe Staffurth, Managing Director and Founder of JSI commented “After 16 years of delivering unique deal screening and benchmarking services, we are delighted to be joining with ESIA who will invest in and develop our services further. The market for upstream deals has always been vigorous and we believe that in this period of depressed oil prices, a strong research based offering, that benchmarks available and past deals, provides the critical information companies need to make sense of the market and make better business decisions.”
ESIA continues to seek businesses that offer unique business intelligence, analytical software solutions and technical insights into the energy industry. The business is looking to support and foster growth of partner companies and to become an internationally recognised market intelligence specialist. JSI Services joins the ESIA Group of Companies
Matt Mulcahy, Head of NW Europe E&P Research