Through its RokDoc software platform and integrated geoscience consulting business, Ikon Science brings the expertise and innovation required to build knowledge and confidence in sub-surface decision-making, predicting safer, cheaper and more efficient exploration, reservoir optimization and drilling. Ikon Science provides comprehensive software technology and consulting services that increase the value of oil and gas reserves while reducing drilling costs and operational uncertainty. Kelsey Traynor, Associate Director, MHP Communications +44 (0)20 3128 8215
Reg Hoare, Managing Director, MHP Communications +44 (0)20 3128 8793 Houlihan Lokey served as financial advisor and Shoosmiths LLP as legal advisor to Ikon Science. This market continues to go through significant structural change and we wish them well for the future as they continue their growth.” We are delighted to have supported the team in aggressively building share in the geophysical software market. “It has been a pleasure working with Martyn and Mark at Ikon Science. We look forward to working with Great Hill Partners to accelerate our growth and deliver competitive advantage.”ĭavid Barbour, Managing Partner of FPE Capital, commented We are also investing heavily in growing and improving our data analytics and ML capability, and in product innovation to deliver high quality results where and when our customers need it. ” The company will continue to focus on delivering value to our blue chip customer base of IOC’s Independents and NOC’s.
“We are very excited about this new chapter in Ikon Science’s growth story," Said Managing Partner Christopher Gaffney. In the fast evolving market of data driven solutions for subsurface GeoPrediction, we see a significant growth opportunity for Ikon Science and its software platform, and expect that with its current track record, strong product innovation and efficient operations they will continue to lead the industry.” “The company is growing fast while maintaining profitability, a combination that attests to the quality of its products, data, and employees. “We are enthusiastic about our new investment in Ikon Science” The new investment sees FPE Capital and Tullow Oil successfully exit following a period of strong growth.Ĭhristopher Gaffney, Managing Partner at Great Hill Partners, and Eric Ahlgren, Vice President at Great Hill Partners, will join the Ikon Science board alongside Martyn Millwood Hargrave, Founder and Chairman, and Mark Bashforth, CEO. It has a deep history of product innovation and its flagship products, RokDoc and JiFi, are seen as best in class in the industry. Ikon is a leading provider of subsurface geoprediction software to the largest upstream oil and gas producers in the world, helping its customers to reduce operational risk, improve cost efficiency and make better investment decisions. LONDON, UK, Octo– Ikon Science Ltd., the leading subsurface Geoprediction software provider, announced today that it has secured investment from Great Hill Partners, a leading Boston-based private equity firm focused on investments in high growth technology companies. FPE Capital secures successful exit from Ikon Science in sale to Great Hill Partners 17th October 2018
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