Emerson Completes Paradigm Acquisition

Press release

Published December 27th, 2017 - 12:48 GMT

David N. Farr Chairman and Chief Executive Officer, Emerson

Emerson (NYSE: EMR) announced it has completed the purchase of Paradigm®, a leading provider of software solutions to the oil and gas industry.

The combination of Paradigm with Emerson’s Roxar software business creates a comprehensive Exploration & Production (E&P) software portfolio offering.

“Emerson is positioned to meet customers’ demand for an independent, global provider of comprehensive E&P software solutions,” said Emerson Chairman and Chief Executive Officer David N. Farr. “Paradigm and Roxar together can better help customers achieve Top Quartile Performance by increasing efficiency, reducing costs and improving their return on investment within new and established reservoirs.”

Paradigm is headquartered in Houston and has more than 500 employees globally. The company provides an array of tools that enable customers to gain deeper insight into the subsurface, reduce uncertainty and support responsible asset management.

Background Information

Emerson

Emerson concentrates on the most complex and profound challenges facing the world in the process, industrial, commercial and residential markets. We refocused our business portfolio to deliver solutions that bring greater value to our customers. Learn how we've transformed and why.