XACT Downhole Telemetry Overview

  • Founded
  • 2004

Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 26

Employees

  • Latest Deal Type
  • M&A

XACT Downhole Telemetry General Information

Description

Developer of an acoustic technology platform designed to deliver real-time downhole drilling and completion data. The company's platform uses drill string and production tubing as the data transmission medium and sound waves as the data carrier to offer a wireless communication system, enabling people to utilize facilities like navigation, logging, control and data acquisition during the drilling, completion and production life cycle of an oil or gas well.

Contact Information

Website
www.xactinc.com
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Primary Industry
Oil and Gas Equipment
Other Industries
Wireless Communications Equipment
Acquirer
Baker Hughes
Primary Office
  • 906 55th Avenue Noth East
  • Calgary, Alberta T2E 6Y4
  • Canada

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XACT Downhole Telemetry Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Merger/Acquisition 24-Sep-2018 Completed Generating Revenue
3. Later Stage VC 24-Jun-2016 Completed Generating Revenue
2. Later Stage VC 28-Feb-2013 Completed Generating Revenue
1. Later Stage VC 01-Jan-2012 Completed Generating Revenue
To view XACT Downhole Telemetry’s complete valuation and funding history, request access »

XACT Downhole Telemetry Patents

  • 16

    Total Documents Applications and Grants

  • 000

    Total Patents Families

  • 2

    Granted

  • 000

    Pending

  • 000

    Expiring in next 12 mo

XACT Downhole Telemetry Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
CA-2900094-A1 Acoustic transmitter for transmitting a signal through a downhole medium Active 07-Feb-2013 000000000
CA-2900094-C Acoustic transmitter for transmitting a signal through a downhole medium Active 07-Feb-2013 000000000
EP-2954161-A4 Acoustic transmitter for transmitting a signal through a downhole medium Active 07-Feb-2013 000000000 0
EP-2954161-A1 Acoustic transmitter for transmitting a signal through a downhole medium Active 07-Feb-2013 000000000
EP-2954161-B1 Acoustic transmitter for transmitting a signal through a downhole medium Active 07-Feb-2013 E21B47/14
To view XACT Downhole Telemetry’s complete patent history, request access »

XACT Downhole Telemetry Executive Team (9)

Name Title Board Seat Contact Info
Les Morrison Controller
John-Peter van Zelm Vice President, Engineering & Chief Technology Officer
You’re viewing 2 of 9 executive team members. Get the full list »

XACT Downhole Telemetry Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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XACT Downhole Telemetry Former Investors (2)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Kenda Capital Growth/Expansion Minority 000 0000 000000 0
bp Ventures Corporate Venture Capital Minority 000 0000 000000 0
To view XACT Downhole Telemetry’s complete investors history, request access »

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