FOR IMMEDIATE RELEASE
Contact: Jayne Gilsinger
(918) 832-9303, email@example.com
TULSA, OK September 28, 2011 — PennWell Corporation, a diversified global media and information company, announced today that it has acquired the assets of eMarket Software, Inc., a Fort Worth, Texas company offering mapping products and services to energy industry. Financial terms of the sale were not disclosed.
eMarket Software has created a sophisticated mapping and database platform that will become the web-based mapping platform for PennWell’s MAPSearch business which provides GIS data for the petroleum, natural gas, electric power, and renewable energy industries. MAPSearch provides comprehensive date in geospatial form on over 1,000,000 miles of pipelines and 750,000 miles of transmissions lines in North America.
Shawn McCarthy, founder of eMarket Software and its president since 2007, will join PennWell’s MAPSearch group as director of product development. McCarthy will report to Edward Metz, vice president and general manager of PennWell MAPSearch based in Houston.
PennWell President & Chief Executive Office Robert F. Biolchini said, “The eMarket products will offer MAPSearch an innovative online and mobile mapping platform that will extend our best-in-class geospatial data for oil and gas, electric power, and renewable energy to new markets and customer groups. Shawn McCarthy has an extensive background in software and product development and we are pleased he will join PennWell to help build innovative products for leveraging and delivering our vast data and content assets.”
Founded in 1910, PennWell Corporation is a privately held and highly diversified business-to-business media and information company that provides quality content and integrated marketing solutions for the following industries: Oil and gas, electric power generation and delivery, hydropower, renewable energy, water and wastewater treatment, waste management, electronics, semiconductor manufacturing, optoelectronics, fiberoptics, aerospace and avionics, LEDS and lighting, fire, and dental. PennWell publishes over 130 print and online magazines and newsletters, conducts 60 conferences and exhibitions on six continents, and has an extensive offering of books, maps, websites, research and database services. In addition to PennWell's headquarters in Tulsa, Oklahoma, the Company has major offices in Nashua, New Hampshire; Houston, Texas; London, England; Mountain View, California; Fairlawn, New Jersey, Moscow, Russia, and Hong Kong, China.