HOUSTON, TX--(Marketwired - May 06, 2015) - PLS, Inc. announced today the successful acquisition of Followon, which has been rebranded as "Capitalize," the most comprehensive capital markets analytics platform for bankers and finance executives in the oil and gas industry. The product was created by founder, Basel AlBarzanji who was later joined by cofounder Stephen Huey.
Since its inception the product has provided industry executives and bankers transparency on all associated fees related to bank lending and capital markets. The product is an easy-to-use platform with functionality that is vastly superior to other financial tracking products. The platform collects capital markets information in a structured application allowing users to analyze and manage banking and client relationships. Additionally, the platform provides subscribers with accurate, current insights on bank activity in lending, equity offerings and bond offerings.
Mr. Ronyld Wise, CEO of PLS, Inc., said: "This acquisition significantly expands the types of market analysis and data we provide our clients; adding a platform that provides current, accurate capital markets data analysis to our existing databases, like docFinder and PetroWire, putting PLS in a unique position to help our clients better manage their business relationships. The PLS business model is to create an integrated solution for both industry and banking professionals that help them manage their business in a more efficient and profitable manner." Mr. Wise went on to say, "The Capitalize platform not only expands the types of information we provide executives in the oil and gas industry but it also provides us the opportunity to expand the platform into other industry verticals."
Mr. Basel AlBarzanji, former CEO and founder of Followon, now Senior Advisor to PLS said, "Capitalize is highly complementary to other PLS offerings and clients of both firms have strongly indicated that the combination would provide them a powerful, integrated offering. We are excited about ongoing product enhancements and the development of additional analytical platforms. We are committed to providing our clients with an integrated solution to analyze financings, relationships and associated fees."
PLS, Inc. is a global integrated information, transaction and advisory firm serving the oil and gas industry. Since its inception the firm has shown consistent growth in both the number of corporate clients served and the unique products offered. PLS provides more than 2,000 energy companies and capital providers the market intelligence and resources they need to better manage their businesses and portfolios and facilitate profitable transactions and better manage their portfolios. PLS transaction advisory and marketing group completes more than 30 asset transactions annually and has sold more than $5 billion in oil & gas assets in the US and Canada. The PLS proprietary databases include the comprehensive Multiple Listing Service which allows users to search thousands of opportunities, docFinder, Capitalize and PetroWire PLS publications include a US, Canadian and International Core Reports covering capital markets, E&P activity, oilfield services, midstream and our flagship A&D activity reports. The US Regional publication report on basin specific drilling and completion activity.
Visit www.plsx.com for complete description of products and services.
Capitalize is a comprehensive platform of oil and gas debt and equity offerings. It tracks bank leads, account relationships and associated fees. The Capitalize database is the essential tool for both bankers and borrowers needing transparency within the capital intensive oil and gas markets. Capitalize gives executives a platform to create an accurate picture of banking relationships and profitability in real-time.
See www.plsx.com/capitalize for more information