SOURCE: M2M Data Corporation

M2M Data Corporation

January 31, 2011 08:15 ET

M2M Data Corporation Acquires Implicit Monitoring Solutions' Leading Oil & Gas Flow Meter Monitoring Capabilities

Customers to Benefit From Unmatched Reliability, Breadth of Service and Communications Options

ENGLEWOOD, CO--(Marketwire - January 31, 2011) - M2M Data Corporation, the leader in advanced remote monitoring services for oil and gas markets, today announced the acquisition of the operating assets of Implicit Monitoring Solutions. With the acquisition of the flagship Intellisite™ application and Right Smart™ hardware, the foremost oil and gas electronic flow meter (EFM) monitoring solution is now part of M2M Data Corporation, the industry-leading compression monitoring service. The move increases M2M's monitored assets by more than 25 percent.

"In addition to expanding product and service offerings, merging the two companies' brings decades of industry experience and knowledge together," said G.C. "Scooter" Beachum III, president of Implicit Monitoring Solutions. "The combined Implicit and M2M solution-set is unmatched in the industry for product and service breadth as well as the most reliable communication options in the industry."

Focused on the information needs of exploration, production, transportation and leasing companies, M2M helps operations managers efficiently utilize manpower resources, keep up with production demand, meet contractual obligations, and maximize capital equipment return on investment. The newly acquired assets will be operated under the M2M RMS brand, which addresses the needs of the oil and gas market.

"Customers of both companies will certainly benefit," said Jason Weinberger, M2M Data Corp.'s vice president of strategy and business development. "Intellisite is the 800-pound gorilla in monitoring flow meters -- there's not a better solution out there -- and M2M RMS is far and away the leader in monitoring compressors. Bringing the two solutions under one roof is good for the industry and good for our customers."

Intellisite offers the industry's leading web-based remote monitoring service for electronic flow meters (EFM) and flow computers, helping operators and managers efficiently and economically manage their production and performance. With the acquisition of Implicit, M2M customers will have Best Path Communication™ options of radio, cellular or satellite, for the most reliable and effective way to capture remote asset data as well as augment existing SCADA deployments.

Implicit customers will continue to benefit from 24/7 technical support, a service that is augmented by M2M's extensive experience and support resources, including its 99.5 percent uptime service level agreement (SLA) backed by owners with a deep history in the oil and gas industry.

"We're measuring every move we make in this transaction and the subsequent transition by asking the question 'will it benefit our customers?'" said Weinberger. "We're confident that the answer to the question today and moving into tomorrow is a resounding 'yes' and look forward to serving Implicit customers."

About M2M Data Corporation
M2M Data Corporation has been leveraging a Software as a Service (SaaS) approach to deliver remote asset and equipment management and advanced remote monitoring solutions since 1999. Serving the oil and gas, water/wastewater, power generation, and heavy equipment industries, M2M's solutions take distributed asset monitoring and assessment to a new level of accuracy and timeliness. With a track record of transforming data into useful information that helps customers improve operational excellence, M2M is the trusted partner in hosted remote asset management. For more information, visit www.m2mdatacorp.com.

About Implicit Monitoring Solutions, LP
Implicit is a leading provider of asset performance and control monitoring services. The company's flagship products Intellisite™ and Right Smart™ Kits collect, communicate and deliver secure field production information to its global clients via a web-based reporting platform. Implicit offers monitoring solutions for EFM's, tanks, compressors, pump-off controllers, well-testing applications, and frac operations that require real-time data solutions.

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