Calgary-based WellPoint Systems has acquired Bolo Systems of Denver, a supplier of integrated financial, land and production accounting solutions. WellPoint is to roll the Bolo package into its Microsoft Dynamics Axapta-based solution for oil and gas enterprise resource planning (ERP).
WellPoint CEO Frank Stanford said, ‘We have strengthened our position by improving our access to the sizeable US market with country specific strategies, products, expertise and infrastructure.’
Bolo’s most recent client is Calgary-based Nations Petroleum which uses the package to record revenue, expenditures, assets, production, lease records, and joint interest billing transactions. Nations has implemented Bolo’s Strategic Management Platform and Executive Dashboard. Bolo is now working with Nations to integrate its US and Indonesian-based operations.
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