Houston-based Ovation Data Services, Inc. (Ovation) is to purchase a majority interest in DPTS Limited (DPTS) of Orpington, UK. Both Ovation and DPTS provide data transcription services and digital asset management and storage systems.
Servos
Ovation president and CEO Gary Servos said, “The acquisition strengthens our European presence in the exploration and production industry and will enable us to expand into new markets. High quality customer service has always been our priority—with DPTS, we strengthen our ability to provide quality services utilizing state-of-the-art technologies as well as maintaining and supporting the plethora of older technologies.”
Rationalization
The deal brings a degree of rationalization to the difficult seismic transcription and tape storage markets. The DPTS name will likely be kept on—reflecting good brand recognition in the UK. DPTS was bought out by its management last year—see Oil IT Journal Vol. 6 N° 12.
This article originally appeared in Oil IT Journal 2002 Issue # 10.
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