Drillinginfo Announces Intent to Acquire Cortex Expanding Digital Oilfield Services & e-Payment Systems

Austin, Texas (December 20, 2018) – Drillinginfo, the leading energy SaaS and data analytics company, announced today it will acquire Cortex, a Network-as-a-Service company that enables automation of accounts payable and receivable (AP and AR) processes for the oil and gas industry. Drillinginfo’s announcement arrives nearly three months after its acquisition of Oildex in September 2018, staying the course on Drillinginfo’s commitment to transforming the way the industry connects, collaborates, and automates data exchanges in energy. “Adding Cortex to our portfolio ties the oilpatch’s entire automated financial transaction process together and expands our presence in Canada, currently the world’s fourth largest oil producing nation,” said Jeff Hughes, CEO and President of Drillinginfo. “The continent’s shale formations certainly don’t follow borders or boundaries and the networks that Cortex and Drillinginfo bring together will likewise ensure ubiquitous connectivity across North America,” said Hughes. Among other combined improvements, Drillinginfo is expected to fold in Cortex’s e-invoicing-as-a-service with the expanded workflow and document management solutions. “The addition of Cortex will bring immediate value to both the buyers and suppliers, while eliminating the time-consuming tasks for customers to process redundant responsibilities in multiple portals,” continued Hughes. “There will be one portal for all your needs and the… continue reading

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Source: CTRM Center

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