A leading data analytics SaaS platform that delivers commodity data transparency to the energy industry recently acquired a Western Canadian intellectual capital corporation.
Canadian-based Validere announced the completion of its acquisition of Phoenix Energy Marketing Consultants in a Jan. 20 press release. The move will reinforce the company’s objective to lessen friction across the energy supply chain by enabling Validere to relay its data-driven insights into action for its customers.
“I got to know Validere as an early partner," said Phoenix Energy Consultants President Dave Maffitt in the release. "The energy supply chain is changing where sellers, buyers, and stakeholders increasingly care about an entirely new array of attributes that describe the molecule, including the emissions data that Validere pulls in and connects. Validere is at the forefront of acting as a data layer for everything that concerns the market. The next step for us as a firm was to incorporate this data so we could continue to service our clients in the best way possible, as has always been our promise.”
Phoenix Energy Consultants provides Canada with crude oil, natural gas, natural gas liquids and sulfur production transportation optimization and marketing support, according to the release.
Validere CEO and co-founder Nouman Ahmad said his team has always admired Maffitt and his client-centered approach.
“That transparent approach has allowed him to have longevity in his career that few others achieve, and we are excited to be able to more closely partner with his team going forward,” Ahmad said in the release. “The ability to now offer our customers support in the administrative and back-office functions that may be needed to activate the critical insights that we validate and predict was a natural step.”