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MDM and Other Four-Letter Words
It's been a busy month and we haven't had a chance to write anything new, but this article from a couple of years ago has been heavy on our mind for some recent client projects. Master Data Management $#%&ing sucks, let's do it better.
As a part of Quorum's Qnect On Demand conference, we're offering both our Intro and Intermediate Power BI classes in-person in downtown Houston. Come join us!
Another month, another batch. It's a bit of a lighter list this month than normal in our view: Copilot to write measure descriptions, better Azure Databricks integration through Fabric, Org apps in Pro workspaces, and some improvements for semantic model refresh controls in Fabric.
Enverus sold to Blackstone
The world's biggest O&G software/data firm is being bought by the world's biggest alternative asset manager. Hellman & Friedman is turning a tidy $2B profit after 4 years of holding Enverus, which Blackstone is buying for a bit over $6B. Enverus announced they had crossed $500mm in ARR back in 2023, so this is roughly a 10x revenue multiple. Enverus is obviously a monster in O&G data, from Enverus to OpenInvoice, EnergyLink to MineralSoft. Will Blackstone try to turn the battleship, or keep it on the current course?
CMG buys SeisWare
CMG, a Canadian provider of reservoir simulation tools, is buying SeisWare, a geophysics software company. This one's interesting because the revenue and purchase price were disclosed (CMG is publicly-traded on TSX): $6.6mm purchase price against $3.4mm revenue for slightly less than 2x revenue. That compares to CMG's numbers of roughly 4x market cap/revenue. This is CMG's third acquisition in three years, following Sharp Reflections in 2024 and Bluware in 2023.
Need help navigating the news, changes, and reports? We are here to help.
Velocity Insight is a full-stack, full-function data management and analytics consulting firm. We come from your world, working in-house at O&G operators and we are here to help!
