The most successful oil deposit in the world could not be efficiently extracted, or even discovered, without the ability of the company performing the drilling to correctly analyze the seismic data obtained from the tests.
Paradigm, which was bought by Aspentech, is engaged in developing and marketing software products that enable the analysis of seismic information used by the international energy industry. The software allows the construction of a three-dimensional underground model for the purpose of drilling precise oil wells and evaluating the potential of the rubber in a given area.
The main product is “Geodepth” from the computer aided exploration product line. This is a software that allows description of land structures in 2D and 3D based on advanced technology for use by oil and gas companies.
In 2012, the private equity funds Apex and JMI bought the company for about one billion dollars.
