Apax Partners and JMI Equity have today announced an agreement to acquire Paradigm, an independent software vendor focused on the growing oil and gas exploration & production space, for approximately $1 billion in an all-cash transaction. Paradigm’s software enables engineers to optimize drilling and production decisions through the analysis of vast quantities of seismic and well-log data. Paradigm was founded in 1987 in Israel, and was sold the US private equity firm Fox Paine & Company in 2002. It has offices and a development center in Herzliya Pituah, Israel.
Subscribe to NoCamels weekly newsletter and get our top stories
Related posts
![](https://nocamels.com/wp-content/uploads/2018/02/INSIGHTEC-350x180.jpg)
Israeli Ultrasound Creator Collaborating On Neuroscience R&D In US
September 05, 2024
![The Weizmann Institute of Science. Photo via the Weizmann Institute of Science](https://nocamels.com/wp-content/uploads/2018/07/weizmann-350x252.jpg)
Weizmann In World’s Top 10 For Biomedical And Overall Research
September 05, 2024
![](https://nocamels.com/wp-content/uploads/2024/09/Depositphotos_75148477_L-350x228.jpg)
Israeli NGO Begins New Mental Health Training In Ukraine
September 04, 2024
![](https://nocamels.com/wp-content/uploads/2024/09/17123254699_79ff768811_ks-350x213.jpg)
Nonprofit Launches Loans For Stricken Northern Israel Businesses
September 04, 2024
Facebook comments