Done Deals

Altair Engineering, SimLab, Energy Ventures, Foster Findlay, Hart Energy, Rextag, Intertek, Profitech, Iridium, Ovation, SpectrumData, TrueMarx, Vernon & Park.

Simulation technology provider Altair Engineering is to acquire California-based SimLab. Altair will integrate SimLab’s technology and development staff with its HyperWorks computer-aided engineering operation.

Venture capital group Energy Ventures has invested £3.2 million in 3D seismic data specialists Foster Findlay Associates (ffA).The funding will be used to roll out a new generation of 3D seismic analysis tools, to double R&D and expand global sales and support. ffA expects to up its head count to over 50 in 2011 and forecasts a £12 turnover by 2013.

Hart Energy Publishing has acquired Rextag Strategies, a mapping and GIS database services company in an all-cash deal. Terms of the transaction were not disclosed.

Intertek has signed an agreement to acquire Profitech (UK) Ltd, a technology provider of advanced mathematical software modeling services serving the oil and gas industry.

Iridium Communications has closed the financing facility for its next generation satellite constellation, Iridium NEXT. $1.8 billion of financing is to come from a syndicate of nine EU banks.

Ovation Data Services has completed its acquisition of SpectrumData of Perth, Australia. The acquisition strengthens Ovation’s Asia Pacific presence in the exploration and production industry. SpectrumData continues to operate within Australia and New Zealand under the SpectrumData brand, with founder Guy Holmes as CEO.

TruMarx Data Partners has closed its latest round of funding led by newly appointed Board members Jerry Putnam and Kevin O’Hara. Other investors include Vernon & Park Capital and Walter G. Kortschak, also named to the Board. TruMarx develops the Comet web-based trading platform for the power and natural gas markets.

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