Cevian Technologies (Acquired by Peloton Computer Enterprises)

About

Cevian Technologies is a cloud-based software company based in Calgary, Canada, specializing in real-time data acquisition, visualization, storage, and reporting tools for the oil and gas completions industry. Its flagship product, FracNet, is a real-time fracturing data visualization and cloud storage platform that standardizes frac data, supporting operational decisions during and after jobs. FracNet has been utilized in over 10,300 completions. In February 2021, Cevian Technologies was acquired by Peloton Computer Enterprises. This acquisition allowed for the integration of FracNet into Peloton's platform, enhancing completions data management alongside drilling and production tools for over 600 oil and gas clients worldwide. The company was co-founded by Jocelyn McMinn and Kevin Lo, who emphasized the importance of providing real-time quality precision and standardization in the completions space.