Resurgens Partners with Detechtion to Revolutionize Remote Asset Monitoring in the Oil & Gas Industry

Oil and gas companies are constantly faced with the challenge of optimizing asset performance and improving field workforce efficiency. Resurgens Technology Partners, a software-focused private equity firm, has recognized the need for innovative solutions in this space and has made a strategic platform investment in Detechtion, a leading provider of real-time asset performance management solutions. This partnership aims to revolutionize remote asset monitoring and optimization in the oil and gas industry.

Detechtion, founded in 1999 and headquartered in Houston, Texas, has established itself as a market leader in natural gas compression monitoring and optimization. Their suite of products includes remote asset monitoring, asset performance management, and field service management technologies. These solutions enable energy companies to drive efficiency in their field operations and improve overall performance.

With Resurgens' investment, Detechtion plans to expand its suite of solutions to serve the oil and gas market more deeply. Additionally, they aim to leverage their existing capabilities in new industrial segments that face similar asset monitoring and optimization challenges. Resurgens' expertise in product expansion and their track record of scaling vertical software businesses make them the perfect partner for Detechtion's growth.

Resurgens' Managing Director, Fred Sturgis, expressed his excitement about the investment, stating, "Detechtion has established itself as a market leader in natural gas compression monitoring and optimization, serving as a trusted partner to some of the world's leading gas producers and oilfield service providers. We look forward to helping the company expand its suite of solutions to serve the oil and gas market more deeply, as well as leverage their existing capabilities in new industrial segments facing similar asset monitoring and optimization challenges."

Detechtion CEO Chris Smith also shared his enthusiasm about the partnership, highlighting Resurgens' hands-on approach and expertise in product expansion. He said, "Detechtion has been at the leading edge of oilfield digitalization, and we see a breadth of opportunities to serve our customers more holistically. With this investment from Resurgens, we will continue to expand the ways we help our customers drive increasing output, bring greater efficiency to their field operations, and reduce emissions."

This platform investment in Detechtion is Resurgens' sixth in their $500 million second fund. It aligns with the firm's strategy of investing in the growth of vertical software companies that are leaders in their market segments. Resurgens aims to drive innovation and transformation in the oil and gas industry through this partnership.

Detechtion Technologies, established in 1999, is a leader in real-time asset performance management solutions for energy companies. Their solutions are built on subject matter expertise, digital twins, and data analytics, enabling customers to operate more sustainably, increase productivity, and reduce costs. By utilizing Detechtion's cloud solutions to connect and manage remote assets and processes worldwide, customers can save millions annually.

Resurgens Technology Partners is a tech-focused private equity firm that invests in North American and select European lower middle-market application and IT/infrastructure software businesses. The firm takes an active and engaged approach to value creation, utilizing its diverse team's investing, operating, and talent management experience. Headquartered in Atlanta, Resurgens has additional professionals located in Austin, London, and Silicon Valley.

This partnership between Resurgens and Detechtion holds great promise for the oil and gas industry. With Resurgens' investment and guidance, Detechtion will continue to deliver cutting-edge solutions for remote asset monitoring and optimization. By driving efficiency and reducing costs, this partnership will revolutionize field operations and contribute to a more sustainable future for the industry.