Deal Announcements

WellPoint Acquires Bolo Systems Software Co

Wednesday, August 22, 2007 5:00:00 AM PDT | VentureDeal Staff

LAKEWOOD, CO -- Oil exploration software company Bolo Systems was acquired by Calgary, Canada-based WellPoint Systems (TSX: WPS), for $22.8 million in a combination of cash and stock.

Bolo makes software that enables oil and gas exploration companies to administer their accounting, land/lease management, production, document management and regulatory reporting solutions.

WellPoint intends to use the acquisition to help it further penetrate the U.S. market for energy industry software applications.

Email Page  Email Page | Print Page Print Page

Free Trial

Want unlimited access to the complete database with thousands of technology companies, VCs and transactions for only $25 per month?

Start your Free 14 Day Trial now – no obligation or credit card required.

Free 14 day trial. No Obligation. Click to Register.
Venturedeal Twitter Venturedeal Facebook Venturedeal Linkedin

PCI - Level1