Paradigm takes OpenSpirit stake (April 2006)

Paradigm and other OpenSpirit investors are to underwrite a share capital increase. A ‘stamp of approval’ for the upstream middleware.

Paradigm has signed a Memorandum of Understanding with the shareholders of OpenSpirit Corp. to subscribe to a primary equity offering in the company. Established in 2000 by Chevron, Shell and Schlumberger, OpenSpirit provides a CORBA-based interoperability framework for upstream software.

Gibson

Paradigm CEO John Gibson, who will be joining OpenSpirits board of directors said, Explorationists and producers need cooperation of the leading geoscience application and data providers. Paradigm is making a very definite choice to play well with the others by sharing OpenSpirits vision and objectives.

Piette

OpenSpirit president Dan Piette told Oil IT Journal, This deal Is a stamp of approval for what we do. Paradigm will be using OpenSpirit in its own products. In addition, some of our existing investors will be putting new money into the company.

Epos

Subsequent to the deal, the position of Paradigms own CORBA-based integration framework, Epos, is unclear. Epos currently provides data sharing and application interoperability of Paradigms software with third-party applications.

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