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Gemstar acquires DrillingInfo

B2B information. Private-equity firm Genstar Capital have agreed to acquire DrillingInfo Holdings Inc., the Austin, Texas-based software, data and analytics business, from Insight Venture Partners for an undisclosed price. Insight will retain a significant minority stake in DrillingInfo which itself has made  more than 10 acquisitions, including the purchases of GlobalView Software, Oil-Law Records Corp., DataGenic Ltd. and Pattern Recognition Technologies Inc. since CEO Jeff Hughes was appointed in March 2016. Its most recent deal was the acquisition of 1Derrick and PLS Inc.’s research and database business which focus on the oil and gas transaction market. DrillingInfo serves over 3,500 companies globally from its Austin, Texas, headquarters, has more than 675 employees, and claims to be the leading SAAS data and analytics company serving the oil & gas industry.