WellPoint Systems
 | This article needs to be updated. (February 2023) |
 | |
| Company type | Private |
|---|---|
| Industry | Energy |
| Founded | 1997 |
| Headquarters | Calgary, AB Canada and Denver, CO USA |
Key people | Richard D. Slack, President & CEO Hervé Séguin, CFO |
Number of employees | 193 (2008) |
| Website | www.wellpointsystems.com |
WellPoint Systems Inc., a Calgary-based private company, develops and supports software packages for the energy industry.[1] The company's software is used in various applications including oil marketing, asset management and operations management.[2] WellPoint's energy software suite utilizes Dynamics AX and .NET architectures. The company also provides software and services under the BOLO,[3] IDEAS International and iSoft brands.
WellPoint currently employs nearly 200 people[4] in seven offices worldwide. The company was publicly traded on the TSX Venture Exchange, a public venture capital marketplace for emerging companies,[5] before it was delisted by the exchange for failing to maintain the exchange's requirements in 2013.[6]
History
[edit]Founded in 1997, Calgary-based WellPoint Systems also has operations in Denver, Colorado; Houston, Texas; Livingston, New Jersey; Tampa, Florida; Tunis, Tunisia and Pretoria, South Africa. In 2006, WellPoint acquired IDEAS International, Inc. and then Bolo Systems, Inc.[7] and iSoft Technologies (pty) Ltd. in 2007. Wellpoint's software products include AX EAM, BOLO, Energy Broker, Energy Financial Management and IDEAS. The company entered into receivership on January 31, 2011.[8]
April 2011, Energy Solutions announced its plan to purchase Wellpoint Systems.[9] Details of the acquisition were announced in their FAQ.[9] P2 announced the completion of the WellPoint Systems acquisition on May 2, 2011.[9]
Notable events
[edit]WellPoint was recently ranked 249th on the 2008 Deloitte Technology Fast 500,[10] a ranking of the 500 fastest growing technology, media, telecommunication and life sciences companies in North America; 28th on the Canadian Technology Fast 50,[11] a ranking of the 50 fastest growing technology firms in Canada; 6th in the Over $20 Million Group for Alberta Venture's 2009 Fast Growth 50 list, a ranking of Alberta's 50 fastest growing companies working in information technology, real estate development, and manufacturing, as well as business, financial and oilfield services; and 96th in the 2009 Branham300 Top 250 Canadian ICT Companies,[12] a ranking of top Canadian and multinational Information and Communication Technologies (ICT) companies operating in Canada.
References
[edit]- ^ "WellPoint Systems Company Profile: Valuation, Investors, Acquisition | PitchBook".
- ^ "Key Performance Indicators" (PDF).
- ^ "Back-Office Systems Support Surge" (PDF).
- ^ "Alberta Venture Fast Growth 50".
- ^ "WellPoint Systems Inc. (WPS-V)". Archived from the original on 2009-02-18.
- ^ "Bulletin Contents". apps.tmx.com. Retrieved 2023-08-16.
- ^ "Mergers such as Bolo/WellPoint can benefit oil and gas marketplace" (PDF).
- ^ "WellPoint Systems Group [Court Appointed Receiver]". Archived from the original on 2017-06-06.
- ^ a b c "Newsroom". P2 Energy Solutions.
- ^ "Deloitte US | Audit, Consulting, Advisory, and Tax Services". Deloitte United States.
- ^ "2008 Canadian Technology Fast 50 ranking". Archived from the original on 2008-09-28.
- ^ "Top 250 Canadian Technology Companies".