3esi-Enersight acquires Palantir Solutions, combined company renamed Aucerna

Market leaders join forces to accelerate the digital transformation of the energy industry

CALGARY,July 31,2018 -- Today,the energy industry's premier planning software provider,3esi-Enersight,announced it has acquired Palantir Solutions,creators of Palantir PlanningSpace™.

The acquisition combines the industry's two leading software vendors,creating a single global company that will now focus its broadened expertise and development capabilities toward accelerating the digital transformation taking place in the front office ofoil and gas companies.

The new combined company will be called Aucerna.

"Today's energy companies are facing an operating environment with more risk and more complexity than ever before," said Wayne Sim,CEO of Aucerna. "Margins are shrinking,and yet the scale and complexity of our customer's business continues to grow. This is the new norm for our industry,and it is driving the need for both capital and operational efficiency."

Sim went on to say,"This environment represents a golden opportunity for operators to evolve from labor intensive,spreadsheet,paper and email-based systems to integrated technologies that free up time to focus on delivering value for investors. Aucerna will accelerate this evolution by increasing the pace of innovation and providing our customers with faster time to value."

Jason Ambrose,Palantir Solutions co-founder and Managing Director said,"By joining forces as Aucerna,we are now uniquely positioned to offer a complete solution for every aspect of planning,operations and reserves. We can deliver these solutions with tight integration to form a seamless connection of people and information from the reservoir to the boardroom,and that's what sets us apart."

Learn more about Aucerna at http://3esi-enersight.com/blog/palantir-solutions/.

About Aucerna

3esi-Enersight and Palantir Solutions have joined forces to form Aucerna,the energy industry's leading provider of solutions for integrated planning,operations and reserves.

Palantir Solutions is 3esi-Enersight's sixth strategic acquisition in four years. Today Aucerna is a global source of technology and expertise for the energy industry,serving more than 500 customers from 12 global offices.

Aucerna proudly serves the industry's largest base of customers,from super-majors and emerging operators to energy investors,consultants and education institutions. Aucerna solutions are deployed in every region of the globe,helping companies make better investment decisions by connecting the people and the data of the modern energy industry.

For further information: Jeremy Greene,SVP Marketing,info@3esi-enersight.com

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