Petrotechnics, an Aberdeen, Scotland, UK-based provider of software solutions to improve frontline operational performance and risk management in hazardous industries, completed a £6m investment from Business Growth Fund.
The company intends to use the funding to innovate while hiring new people and continuing to grow globally, including the global roll out of its Proscient.
Founded in 1990 and led by Phil Murray, CEO, Petrotechnics provides organizations in hazardous industries with Proscient, a enterprise operational performance and predictive risk software platform to manage the execution of frontline work efficiently maintaining asset integrity, workforce safety and the achievement of production targets. It integrates with other enterprise systems used by hazardous industries including IBM Maximo, SAP, Oracle Primavera and Microsoft Project.
The company’s solutions are used on a daily basis by more than 50,000 personnel from the largest businesses in the oil and gas industry across 385 sites on 6 continents including 80% of North Sea and 40% of Gulf of Mexico assets.
Petrotechnics has offices in Houston, Saudi Arabia and Singapore.