XACT Downhole Telemetry Overview

  • Founded
  • 2004
  • Status
  • Acquired/​Merged
  • Employees
  • 26
  • Latest Deal Type
  • M&A

XACT Downhole Telemetry General Information


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

Ownership Status
Financing Status
Formerly VC-backed
Primary Industry
Oil and Gas Equipment
Other Industries
Wireless Communications Equipment
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 Executive Team (9)

Name Title Board Seat Contact Info
Les Morrison Controller
Duncan Groves Vice President, Operations & Product Supply
John McRory Ph.D Senior Technical Advisor
Tara Leray Chief Financial Officer
John-Peter van Zelm Vice President, Engineering & Chief Technology Officer
You’re viewing 5 of 9 executive team members. Get the full list »

XACT Downhole Telemetry Signals

Growth Rate

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

Size Multiple

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

Key Data Points

Twitter Followers


Similarweb Unique Visitors


Majestic Referring Domains


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XACT Downhole Telemetry Former Investors (2)

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