Enverus, the energy industry’s leading SaaS and data analytics company, has entered into an agreement to acquire Red Dog Systems, the innovative Joint Interest Billing (JIB) and revenue data exchange based in Calgary, Alberta.

Adding Red Dog Systems expands opportunity for the Enverus family to grow in the Business Automation space for oil & gas companies. The addition of Red Dog was preceded by the acquisitions of Oildex in September 2018 and Cortex in February of this year.

Red Dog Systems, along with Enverus’ current Data Exchange solutions, will further create value by connecting oil & gas operators with their working interest partners and mineral/royalty owners.

Vaquero advised Red Dog on the transaction.

About Red Dog Systems

Founded in 2000, Red Dog Systems is a developer of an information technology software that facilitates exchange of data. The company’s software uses a cloud-based electronic data interchange (EDI) for clients in the energy industry, enabling them to reduce costs and be more efficient in their business processes.

About Enverus

Founded in 1999, Enverus is a developer of SaaS-based data analytics platform for the oil and gas industry. The company’s predictive and prescriptive decision platform combines intelligence, analytics, tools and services in one seamless system to deliver value at every stage of the exploration and production process.