Silver Lake, TriWest, HarbourVest team up in Peloton investment
Peloton Computer Enterprises, a Calgary-based provider of well data software solutions to the oil and gas industry, has secured an undisclosed strategic investment. The deal was led by Silver Lake Kraftwerk, a technology growth capital fund managed by U.S. private equity firm Silver Lake. It was joined by Canadian private equity firm TriWest Capital Partners and HarbourVest Partners, a U.S. private-markets asset manager. Founded in 1991, Peloton today has more than 450 clients, including 21 of the 25 biggest North American exploration and production companies. Led by CEO Glen Gray, it will use the funds raised to explore new product capabilities and acquisition opportunities.
15 August 2017•4 mins read
