Landmark is to acquire a majority stake in LMK Resources (previously known as Mathtech), a consulting and IT technology company based in Islamabad, Pakistan. LMK provides integrated data management solutions and E&P technical services using Landmark technologies and is amongst the oldest specialized software developers in Pakistan. LMK established and maintains the Pakistan government’s national E&P data repository.
Landmark president and CEO, John Gibson said “By acquiring a majority interest in this new business, we can utilize [LMK’s] technical talent on Landmark projects in that area of the world, and at the same time, ensure the continued growth and focus of this important distribution and services channel.”
Landmark VP Peter Bernard added “The demand for technical know-how in the upstream business is rapidly exceeding supply. We need to provide not only excellent E&P software, but also superior performance consulting services.”
LMK president and CEO Atif Khan concluded “Our relationship with Landmark Graphics has been mutually beneficial for both companies over the past five years. We believe that by joining with Landmark more closely, we can deliver an even wider range of technology, service and support solutions in designated market areas. We are extremely pleased to become a valued part of the Landmark family.”
The new company will have approximately 200 employees, based in its head-office in Islamabad, Pakistan and a branch office in Dubai, UAE.
© Oil IT Journal - all rights reserved.