SOURCE: CygNet

CygNet

January 12, 2010 10:00 ET

CygNet Software Continues Robust Pace of Adoption by Oil and Gas Leaders

More Than Half of North American Gas Production Data Runs Through CygNet; Leading Gas E&P Operators Southwestern Energy and Williams Production Represent Recent Additions

SAN LUIS OBISPO, CA--(Marketwire - January 12, 2010) - CygNet Software, provider of the leading enterprise operations platform for the oil and gas industry, announced today that the company has completed another record year, putting it further along the track to becoming the de facto industry standard for operational information across the enterprise. CygNet's robust pace of industry adoption has been fueled by both existing clients increasing their total number of enterprise users, as well as by newly signed companies such as Southwestern Energy and Williams Production.

With the addition of several new customers in 2009, CygNet now boasts more than 100 enterprise customers, including half of the top 20 gas producers across North America and several of the leading pipeline companies that transport product to market. Furthermore, CygNet is the only Enterprise Operations Platform deployed on the desktop of more than 9,000 oil and gas industry personnel, comprising a wide range of operational managers, business executives, marketing experts and financial planners.

By standardizing their SCADA and other operational data on the CygNet Enterprise Operations Platform (EOP), including data originating in the field, as well as data from other operational systems, these organizations are driving down costs, boosting productivity and enhancing the effectiveness of their workforce.

"With the industry responding to dynamics that are changing at an unprecedented pace, every oil and gas company is striving to accomplish operational efficiency, while also positioning itself to face the unknown challenges of tomorrow's energy market. This high-pressure environment requires rapid access to the most current information presented in a way that's immediately consumable for decision-making," said Chris Smith, CEO of CygNet Software. "Our deep penetration with many of the leading operators has been a valuable contributor in positioning us as the de facto industry standard for turning enterprise operations data into relevant business information."

By the Numbers

--  Companies running CygNet are responsible for 62 percent of the gas
    produced by the top twenty gas producers in the U.S.
--  Half of the top tier oil and gas producers in Canada are CygNet
    customers today.
--  CygNet delivered its 9,000th enterprise client in 2009.
--  CygNet processes 1.2 billion data updates from more than 11,000
    devices every day for one of their largest customer installations.
--  CygNet's product delivery cadence increased in 2009, with the release
    of a new feature-rich version of its flagship CygNet EOP, as well as the
    first vertical industry solution specifically targeted to gas pipeline
    companies.
    

About CygNet Software

CygNet Software empowers leading oil and gas companies to increase their operational efficiency, market responsiveness, and regulatory compliance. CygNet's Enterprise Operations Platform (EOP) provides a platform for collecting, managing and distributing massive amounts of real-time and historical data from field, production and business systems, giving users at all organizational levels the information they need to support daily operations and make informed strategic decisions. CygNet's packaged vertical solutions and expert professional services team reduce the risk, time and cost of deployment. Over 100 companies, representing more than half of North America's domestic gas production and thousands of miles of major transmission pipelines, are operating on CygNet today. For more information, visit www.CygNetscada.com.

All products mentioned in the release are trademarks or registered trademarks of CygNet Software. All other trademarks, trade names, and/or product names are used solely for the purpose of identification and are the property of their respective owners.

Contact Information

  • Press Contact
    Maria Krinsky
    Kickstart Consulting for CygNet
    Email Contact
    (415) 509-0498