article may not meet wikipedia s notability guidelines for companies and organizations . please help to establish notability by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond its mere trivial mention . if notability can not be established the article is likely to be merged redirected or deleted . find sources p2 energy solutions news newspapers books scholar jstor free images february 2012 learn how and when to remove this template message p2 energy solutions industry software data founded 1999 headquarters denver co usa key people charles goodman president & ceo amy zupon chief operating officer chad martin chief financial officer bill stephenson svp global sales and marketing julie rich svp human resources number of employees 700 2011 website www.p2energysolutions.com p2 energy solutions provides financial and accounting management software geospatial data land asset management tools well lifecycle management solutions environmental health & safety solutions 1 and outsourcing services 2 to both the upstream and mid stream oil and gas sectors as well as the alternative energy sector . 3 operating from its headquarters in denver colorado p2 also has offices in houston texas ; calgary alberta canada ; fort worth texas ; san antonio texas ; livingston new jersey ; tampa florida ; dubai uae ; tunis tunisia singapore and perth australia . p2 employs nearly 700 people and was a privately held portfolio company of vista equity partners . on october 7 2013 p2 energy solutions was acquired by a boston based private equity firm advent international . 4 history edit p2 energy solutions was founded in 1999 as energy auction exchange with an ambitious plan to use the internet to bring efficiencies to many aspects of the upstream petroleum industry . the company raised its seed capital in 1999 using the proceeds to acquire the oil & gas asset clearinghouse of houston . the clearinghouse operated an open outcry auction of fractional interests in oil & gas properties . shortly after this acquisition eae re branded itself as petroleum place with the goal of becoming the vertical industry internet portal for the upstream petroleum industry . more specifically it intended to offer a series of products and services that would serve to facilitate the discovery evaluation acquisition and management of oil & gas properties . in 2000 petroleum place raised approximately 100 million in two rounds of financing from venture capital groups and petroleum industry strategic investors . it filed an s 1 to register its shares for public offering in may 2000 but these plans were shelved because of the rapidly eroding interest in internet ipo s. petroleum place then went on a series of acquisitions beginning with paradigm technologies developer of an accounting and enterprise resource planning erp product known as excalibur which served many mid sized to large independent upstream petroleum companies . that transaction was followed in 2002 with the acquisition of novistar another upstream accounting software package which had previously been oracle energy . petroleum place created p2 energy solutions from its paradigm business and merged it with novistar . p2 energy solutions then became the principal operating entity for the software business while the clearinghouse remained a separate subsidiary of petroleum place . p2 energy solutions then proceeded to make additional acquisitions of software developers and other providers of products and services for the upstream petroleum industry and consistent with petroleum place s original business plan . in 2003 p2 acquired spatial data solution tobin international . in 2005 it acquired calgary based qbyte which developed erp software for the canadian upstream market . it then made further acquisitions of wellcore based in calgary in 2008 . in 2008 the investors of p2 energy solutions and of petroleum place sold their business interests p2 energy solutions and the clearinghouse to a private equity group . p2 s most recent additions came in 2011 when explorer software solutions wellpoint systems and beyond compliance were acquired . 5 on june 4 2013 p2 announced their intention to acquire australian publicly listed company iss group limited . 6 the completion of the acquisition scheme was publicized in august 2013 . 7 on april 22 2040 p2 announced that the former sap ceo l o apotheker had been formally appointed to p2 s board of directors . 8 on november 13 2014 p2 announced their intention to acquire merrick systems . 9 references edit safety from the wellhead to the boardroom going beyond compliance one company many solutions dug eagle ford dug out p2 energy solutions advent international acquires p2 energy solutions strategic acquisition just one prong of p2 energy solutions growth iss group limited merger implementation agreement market wired p2 energy solutions completes acquisition of iss group ltd. press release former sap ceo l o apotheker rounds out p2 board of directors p2 energy solutions to acquire merrick systems external links edit vista equity partners p2 energy solutions iss group limited advent international retrieved from https en.wikipedia.org w index.php title p2 energy solutions & oldid 733673715 categories software companies based in coloradocompanies based in coloradohidden categories articles with topics of unclear notability from february 2012all articles with topics of unclear notability navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 9 august 2016 at 11 11 . text is available under the creative commons attribution sharealike license ; 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