1

LiquidFrameworks / Case Study 

Several companies had previously entered the market to provide electronic field ticketing for upstream oil and gas. This was an area rife with economic potential yet no one showed significant commercial success — until LiquidFrameworks.

At the time of our investment, we recruited a new Head of Sales who knew complex selling and the technical landscape of the target market. We also introduced a CEO candidate with extensive experience running product companies in the target market. The founder recognized that we were well aligned regarding the benefits of re-platforming the product and recruiting critical management resources. 

LiquidFrameworks has some of the largest oilfield service companies in the world as enterprise customers.

milestones

2012  Initial investment

2013  Product re-platformed

2014  Shift to upmarket customers

2018 Becomes market leader

2018  Acquired by Luminate Capital

Geoforce is the largest non-powered device network in the world.

milestones

2012  Initial investment

2016  Positioned as data company

2018  Geoforce becomes the largest

non-powered device network in

the world

geoforce / Case Study 

The cyclicality of the upstream sector can lead to chaos as operators and service companies rapidly scale up and down. Managing the status of equipment without its own power source presents a special technical challenge. Geoforce contains the chaos with purpose-built technology for the specific challenges of the upstream sector.

The knowledge required to globally deploy support operations for satellite-based communications for upstream oil and gas requires a substantial depth of regulatory understanding and appreciation for how customers want to buy. Houston Ventures brought relevant experience from its history with RigNet, Inc., one of the largest dedicated data networking companies focused on the upstream sector. HV also recruited IBM's Head of Design, Phil Gilbert, to sit on the Geoforce Board of Directors.

2

3

OSPREYDATA / Case Study 

OspreyData built an expert-augmented machine learning software platform which integrates production data streams to enable more agile engineering, operations, and management activities. Producers using the platform can operate their wells with fewer surprises, lower cost, and higher production.

The value proposition of any new technology by itself is insufficient to overcome the adoption barriers within enterprise oil and gas buyers. Houston Ventures recruited new leadership from within the industry, who is experienced delivering complex software in a way the market is comfortable consuming.

OspreyData’s AI models are built with input from industry leading SMEs and over 500k training events.

milestones

2017 Initial Investment

2018 Recruited new CEO

 

Complete Portfolio

TRACTS

Tracts is a computational engine for determining ownership of oil and gas rights. It is the first and only title management platform that uses auto-calculation to instantly solve complex ownership and distribute dynamic data across your organization, significantly mitigating asset risk.

nuphysicia

NuPhysicia provides telemedicine powered worksite clinics to midsize employers.  The worksite clinic model improves employee health outcomes while containing the burdensome growth in healthcare related expenses for self-insured companies.

See video

zilliant

Zilliant is the partner of choice for global B2B enterprises seeking to drive top-line growth and profit margins with AI-based technology.

indxsoftware

Indx Software develops and markets operational intelligence software applications for use primarily in the refining and petrochemical industries.

acquired by siemens

rignet

RigNet provides IT networks for drilling rigs and offshore vessels, including those in the harsh environment of the North Sea.  RigNet solutions significantly reduce costs and simplify operations, integrating voice, fax, video and data to customers’ networks and the Internet.

Syntex

Managment

Systems

Syntex provides software that helps customers manage and analyze employee health and safety programs. Its customers include ExxonMobil, Valero, Unocal, Shell E&P and others.

acquired by IHS

wayport

Wayport was the world’s largest provider of high-speed Wi-Fi (802.11b) wireless and wired Internet access in hotels, airports and retail spaces, including McDonald’s nationwide.

acquired by AT&T

Lombardi

Software

Founded in 1999, Lombardi was a leading provider of business process management (BPM) software and services for Global 2000 organizations. Lombardi had both the BPM software and implementation best practices to help companies transform into high-performance, process-centric organizations.

acquired by IBM

ospreydata

OspreyData is a software company providing artificial intelligence to aid oil and gas producers in maximizing uptime of their critical artificial lift assets. OspreyData is a Houston Ventures IV portfolio company.

geoforce

Geoforce develops and markets GPS-enabled asset management solutions for the Energy industry. Geoforce customers include Conoco, Chesapeake, Swire, BP, EOG, GE Oil & Gas, Hess and FMC. Geoforce is a Houston Ventures III portfolio company. See video

liquidframeworks

LiquidFrameworks develops and markets field force automation software for use primarily in the Energy industry. LiquidFrameworks is a Houston Ventures III portfolio company. Video

oseberg

Oseberg gives you a deep pool of constantly updated, insight-rich industry data that empowers you far beyond the next play.  Oseberg is a Houston Ventures III portfolio company. See video

Kahuna Workforce

solutions

Kahuna Workforce Solutions, based in Houston, Texas (“Kahuna” or the “Company”) developed a software product helps corporations track and manage the competencies and proficiencies of their labor pools.  The Company’s system provides field operations teams, managers, and human resources (“HR”) departments a coordinated, repeatable and scalable methodology for measuring and planning how to fill competency gaps and otherwise serve market service demands.

© 2019 Houston Ventures. All Rights Reserved.

  • LinkedIn - White Circle