PennWell Corporation, a media and information company, has acquired the assets of eMarket Software, a Fort Worth, Texas company offering mapping products and services to energy industry. Financial terms of the sale were not disclosed.
eMarket Software has created a sophisticated mapping and database platform that will become the web-based mapping platform for PennWell’s MAPSearch business which provides GIS data for the petroleum, natural gas, electric power, and renewable energy industries. MAPSearch provides comprehensive date in geospatial form on over 1,000,000 miles of pipelines and 750,000 miles of transmissions lines in North America.
Shawn McCarthy, founder of eMarket Software and its president since 2007, will join PennWell’s MAPSearch group as director of product development. McCarthy will report to Edward Metz, vice president and general manager of PennWell MAPSearch based in Houston.
PennWell President & Chief Executive Office Robert F. Biolchini said, “The eMarket products will offer MAPSearch an innovative online and mobile mapping platform that will extend our best-in-class geospatial data for oil and gas, electric power, and renewable energy to new markets and customer groups. Shawn McCarthy has an extensive background in software and product development and we are pleased he will join PennWell to help build innovative products for leveraging and delivering our vast data and content assets.”
- PennWell acquires Fire Apparatus Magazine Posted onAugust 21, 2010