About Pason
Pason is a company based in Calgary (Canada) founded in 1978.. The company has 29 employees as of March 31, 2024. Pason has completed 3 acquisitions, including Intelligent Wellhead Systems, Petronworld and Verdazo. Pason offers products and services including DataHub, AutoDriller, Electronic Drilling Recorder, and Gas Analyzer. Pason operates in a competitive market with competitors including Nabors, Ulterra, Enhanced Drilling, Reelwell and Verdande Technology, among others.
- Headquarter Calgary, Canada
- Employees 29 as on 31 Mar, 2024
- Stage Public
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Pason Systems Inc.
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Annual Revenue
$0 (USD)0as on Mar 31, 2024
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Net Profit
$-4.38 M (USD)-341.63as on Mar 31, 2024
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EBITDA
$-9.58 M (USD)33.49as on Mar 31, 2024
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Latest Funding Round
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Investors
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Employee Count
29
as on Mar 31, 2024
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Investments & Acquisitions
Intelligent Wellhead Systems
& 2 more
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IPO & Listings of Pason
Pason is a publicly listed company on the TSX with ticker symbol PMET in Canada, operating in the Non-energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Pason
Pason offers a comprehensive portfolio of products and services, including DataHub, AutoDriller, Electronic Drilling Recorder, and Gas Analyzer. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for real-time data monitoring in oil and gas operations
Automates drilling processes to enhance efficiency and safety
Records and analyzes drilling data for operational insights
Detects hazardous gases in drilling environments
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Software Development Team
17 people
Leadership Team
9 people
Product Management Team
3 people
Senior Team
2 people
Human Resources and Administration
2 people
Legal and Compliance
2 people
Repair Team
1 people
Finance and Accounting
1 people
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Funding Insights of Pason
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Pason
Pason has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Intelligent Wellhead Systems, Petronworld and Verdazo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Industrial well site control systems are provided for energy operations.
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2011 | ||||
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Discovery analytics platform for oil and gas industry is offered.
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2006 | ||||
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Petroleum products are refined, distributed, and marketed by Petronworld.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Pason
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pason Comparisons
Competitors of Pason
Pason operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nabors, Ulterra, Enhanced Drilling, Reelwell and Verdande Technology, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud and app-based onshore and offshore drilling solutions are provided.
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Manufacturer of polycrystalline diamond compact drill bits
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| domain | founded_year | HQ Location |
Technology solutions for drilling industry
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| domain | founded_year | HQ Location |
Dual Drill String technology solution for oil and gas drilling industry
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| domain | founded_year | HQ Location |
Provider of real-time drilling decision support for oil and gas industry
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pason
Frequently Asked Questions about Pason
When was Pason founded?
Pason was founded in 1978.
Where is Pason located?
Pason is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
How many employees does Pason have?
As of Mar 31, 2024, the latest employee count at Pason is 29.
What does Pason do?
Pason was founded in 1978 in Calgary, Canada, and operates within the energy sector focused on oil and gas drilling. Integrated data solutions are offered to enable the collection, management, reporting, and analysis of drilling information in real time, supporting operational optimization. Products encompass an electronic automatic driller, enhanced pit volume totalizer, rig displays, gas analyzers, hazardous gas alarms, drilling guidance systems, WellView field solutions, and rig communication systems.
What products or services does Pason offer?
Pason offers DataHub, AutoDriller, Electronic Drilling Recorder, and Gas Analyzer.
Is Pason publicly traded?
Yes, Pason is publicly traded on TSX under the ticker symbol PMET.
How many acquisitions has Pason made?
Pason has made 3 acquisitions, including Intelligent Wellhead Systems, Petronworld, and Verdazo.
What is Pason's ticker symbol?
The ticker symbol of Pason is PMET on TSX.