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XACT Downhole Telemetry

XACT Downhole Telemetry
2004 FOUNDED
M&A STATUS
21-30 EMPLOYEES
M&A LATEST DEAL TYPE
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.

Website
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Primary Industry
Oil and Gas Equipment
Other Industries
Wireless Communications Equipment
Acquirer
Primary Office
  • 906 55th Avenue Noth East
  • Calgary, Alberta T2E 6Y4
  • Canada
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XACT Downhole Telemetry Valuation and 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
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XACT Downhole Telemetry Former Investors (2)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
BP Ventures Corporate Venture Capital Minority 000 0000 000000 0
Kenda Capital Growth/Expansion Minority 000 0000 000000 0

XACT Downhole Telemetry Executive Team (9)

Name Title Board
Seat
Contact
Info
Jason Roe President & Chief Executive Officer
Les Morrison Controller
Duncan Groves Vice President, Operations & Product Supply
John McRory Ph.D Senior Technical Advisor
Tara Leray Chief Financial Officer

2 Former Executives

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