QC Data's Acquisition of AccuMap Creates a New Data Management Powerhouse (April 1998)

QC Data (Calgary) has acquired all interestsin AccuMap EnerData Corporation. AccuMap is a supplier of data browsing and mappingsoftware. Accumap brings a customer base of more than 400 organisations and is used byover 70% of all Canadian petroleum related companies.

"What has made AccuMap so successful is their dedication to be the best with the fastest, easiest to use and most reliable system," says John Redfern, President of QC Data's Petroleum Data Services division. "With the purchase of AccuMap, QC Data can offer the complete range of data management services." "With QC Data's Information Hub and the AccuMap Opportunity Network, as well as the strategic partners of both companies, well be able to put all the best oil and gas information onto the desktop in seconds." QC Data has also completed an agreement with Spatial Data Warehouse, a not-for-profit organization formed to take over the Alberta Government's land mapping activities. QC Data and its partner, Martin Newby Consulting Ltd., will be managing the organization's $50 million database. QC Data was acquired eight years ago by its present Chairman Alfred H. Balm, the Dutch billionaire and owner of the Emergo Group. Balm recently sold his holdings in Canadian Fracmaster for approx. $600 million. In 1993, he hired Michael Pfeiffer, then President and CEO of Hughes Aircraft Canada Limited and gave him a free hand to build QC Data into "a global leader in the delivery of technical solutions and services".