Bluware Snares Funding Round

Bluware, a global leader in high-performance computing innovation platform-as-a-Service, is pleased to announce a round of funding led by EV Private Equity (EV) The transaction also includes contributions from Shell Ventures, while EV’s Senior Partner Per Arne Jensen joins the team as Chairman of the Board of Directors.

Following the recent merger of Hue AS and Headwave Inc. , Bluware develops and sells Headwave, an open software platform that is not limited to data size or computing complexity. Today, leading E&P companies use Headwave to accelerate a number of high-value petrotechnical activities, working with extraordinary data volumes to enable real-time workflows that have historically been out of reach. Headwave’s data-handling, visualization and computational framework are all rooted in gaming, where interactivity is a given, and software design is fundamentally different from other industries.

“Partnering with these branded investors is a huge step forward for Bluware and the Headwave software platform,” said Dan Piette, CEO of Bluware. “Our team has worked tirelessly through the downturn to produce something of real value for the industry – something that reflects the power and sophistication needed by today’s E&P leaders, not the technology of 30 years ago. This investment is proof that we are moving in the right direction “That’s right.

With the latest advances in Headwave, Bluware is creating entirely new opportunities in the E&P industry, introducing machine learning and artificial intelligence in ways previously thought impossible. “Our biggest clients tell us that automation is the key to their most aggressive business objectives,” said Diderich Buch, Bluware’s Chief Strategy Officer. “Headwave is the only technology product that can realistically deliver the deep learning capabilities needed to succeed. “That’s right.

Portraying EV’s optimism, Jensen said, “Bluware’s level of innovation and delivery capacity is perfectly suited to what the oil and gas industry needs to move forward in a fundamentally different world. With this exciting new venture, we expect to leave a profound mark on the industry. Bluware’s substantial competence base in both computer science and geoscience among its more than 100 employees means that the company will be a strong force in the ongoing reshaping of the oil and gas industry. “Rick Jones, founder of Bluware Pre-Merger, added, “These are exactly the type of financial partners that Bluware needs to complete its mission. “That’s right.

Kirk Coburn of Shell Ventures, commenting on the digital transformation of the oil and gas industry, said, “Our industry is changing at unprecedented rates because of the insights made possible by machine learning and AI. Bluware is at the forefront of this technology innovation that delivers real-time interactive experience for activities that are typically expected to take hours and days. “That’s right.

About Blueware

Bluware Corp is a privately owned company that produces game-changing solutions for the most challenging objectives in the petrotechnical world. Bluware’s Headwave software platform is being used by some of the biggest names in E&P to accelerate digital transformation initiatives, delivering both near-term ROI and long-term strategic value. Working closely with industry leaders, Bluware develops software that leaps ahead of long-established offerings to drive business innovation and a whole new way of working. Visit Blueware for more information. Come on,

EV Private Equity

EV is an independent growth equity firm that uses its specialized expertise to build world-class companies and to discover new technologies in the oil and gas sector. The EV team leverages specialized knowledge, consultants, proven practices, and a global network to scale businesses that are pushing the edge of technology innovation. Since 2002, EV has raised five funds with committed capital of approximately $1. EUR 000 million With teams in Stavanger, Norway; Houston, Texas; and Aberdeen, Scotland, EV Private Equity is helping companies operate competitively and achieve a more sustainable future. Visit evpe for more information Come on,

About the Shell Venture

Shell Ventures is the venture capital arm of Royal Dutch Shell plc (“Shell”). Continuing Shell’s tradition of venture capital since 1997, Shell Venture’s investment focus covers the full spectrum of energy from O&G to renewable energy technologies and digital solutions. Shell Ventures co-invests in early and late stage (growing capital) companies with other corporate investors, venture capital funds and angels. For more information please go to http://www Shell Shell Com/shell-aventures Reporters may contact the media relations team of Shell by calling 832-33-SHELL (832-337-4355)

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