Westwood Global Energy Group Announces Acquisition of RigLogix – a Premium Oil and Gas Data Services Platform

ABERDEEN, United Kingdom–(BUSINESS WIRE)–Westwood
Global Energy Group (Westwood), an energy research, analysis and
consulting specialist for exploration and oilfield services markets,
announced today that it has acquired RigLogix from DHI
Group, Inc (NYSE: DHX).

RigLogix is a premium data services platform for the oil and gas
industry. The platform offers on demand access to real time data and
analysis for the global offshore rig market. The comprehensive service
includes data and analysis of the historical, current and projected
offshore rig fleets.

Andrew Reid, CEO of Westwood Global Energy Group commented;
“With the acquisition of RigLogix we inherit a strong, global team and
capability, which is highly complementary to the wider Westwood Group
offering.”

The acquisition is another key step in the development of Westwood and
enhances the Group’s Research and Consulting capability across
exploration and oil field service markets.

“RigLogix is the sixth acquisition for Westwood and supports our
strategic objective of creating a larger group of Upstream market
intelligence products with real depth in niche markets,” said Andrew
Reid. He added, “Our ambition to have embedded services with our clients
is also secured and post-acquisition over 70% of Group revenue
subscription based.”

Michael Durney, President and CEO of DHI Group, Inc.,
stated; “This is an exciting new venture for RigLogix which is a premium
data services leader with an unmatched position in the oil and gas
industry. The acquisition by Westwood Global Energy, who have a firm
footing in the global energy market analytics space, will allow RigLogix
to thrive, benefited by a new home that complements its comprehensive
insights and innovative on-demand data.”

AGC Partners served as the exclusive financial advisor for DHI Group Inc
for the transaction.

Westwood Global Energy Group is a leading provider of research, data
analytics and consulting services to the global energy industry. Focused
primarily on intelligence and insight for the worldwide exploration and
oilfield services markets, Westwood coverage also extends to the
offshore renewables and power generation markets. Westwood’s analysis is
independent, comprehensive and based on deep sector knowledge.

Formed in January 2015 by the private equity firm Energy Ventures,
Westwood Global Energy Group consolidates a number of leading providers
and market research and consulting services with decades of experience
in the sector. Today Westwood is a leading player in the energy related
business intelligence and data analytics space.

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