Thursday, August 11, 2011

Seismic Micro Buy Completes

The acquisition of Houston-based Seismic-Micro Technology, the developer of geoscience software used in the oil and gas industry, has completed, according to buyer IHS. The deal was worth $500M in cash. Seismic-Micro Technology was founded in 1984, and has 171 employees, and more than 3,000 customers.