Petris Acquires ZEH Software, Inc.

HOUSTON—(BUSINESS WIRE)—January 14, 2009— Petris has acquired ZEH Software, Inc., effective December 31, 2008. ZEH is the recognized leader and was one of the key pioneers in the area of computer graphics for the oil and gas, GIS and MCAD industries. ZEH’s enterprise plotting and montaging solutions are standards in the industry and are used by the majority of oil & gas companies worldwide. With its graphics software and recently added seismic information management suite, ZEH provides software solutions that significantly improve the productivity of many of the world's leading oil and gas companies.

The acquisition of ZEH, which has hundreds of customers in over 80 countries, broadens the Petris sales, support and customer base. ZEH’s seismic data management offering, SeisInfoTM, organizes customers 2D and 3D seismic surveys into a spatially aware database so they know what assets they have, where they are located, and how to retrieve them. This, coupled with its strong seismic QC functions and ability to support and convert data in multiple projections and datums, makes this a very good fit with PetrisWINDS Enterprise which solves the problem of making data available from multiple, disparate sources on an enterprise scale.

“We have known and respected Petris for many years and felt that joining their team at this time offers a significant benefit for our customers and our company due to the synergies that exists between our companies,” said Jerry Martin, President and CEO of ZEH. Mr. Martin continued, “We feel it provides us the ability to grow and expand the ZEH products and solutions much faster than we could do on our own. We will continue to develop and maintain the current line of ZEH products and you will see a new release of ZEH’s Plot Express in 2009.”

“ZEH’s products and its excellent reputation fit in nicely with Petris’ philosophy of offering excellent products, sales, support and services to our worldwide customers,” said Jim Pritchett, President and CEO of Petris. “We believe several of the ZEH products are complimentary to the Petris product line and will offer increased value, especially to our customers of Recall and PetrisWINDS Enterprise. We are excited about the opportunity to have ZEH as part of our team and together we look forward to providing more solutions of significant value to our joint customers,” Mr. Pritchett explained.

About Petris Technology, Inc.

Founded in 1994, Petris has grown into a leading supplier of data management solutions and geosciences applications providing practical, real-world solutions for the Global Oil and Gas Industry. With over 100 customers around the world, Petris leverages its unique service-oriented Data Management solutions and applications to design and deploy innovative technology that integrates data from diverse data stores including seismic, borehole, production, drilling and pipeline to enable better decision making and application transparency. Petris is leading the way into a new era in integration, collaboration, data quality and geoscience.


Petris Technology, Inc.
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