FOR IMMEDIATE RELEASE

Pivoten Acquires P&C Business Solutions, Enhancing Oil & Gas Services and Reporting Capabilities

Denver, Colorado – (May 6, 2024) – Pivoten™, a leader in accounting and production software for the oil & gas industry, proudly announces its acquisition of P&C Business Solutions, marking its third strategic acquisition to date. This acquisition is a testament to Pivoten's commitment to growth and its dedicated support for independent energy producers in the United States.

P&C Business Solutions provides both services and compliance and compliance solutions to their core clients. By integrating these strengths into Pivoten's platform, the acquisition will enhance the platform's capabilities, offering clients a more comprehensive and powerful suite of tools for their core financial reporting and compliance needs.

"This acquisition not only continues to demonstrate our growth and focus on independent energy producers here in the U.S., but it also significantly advances our ability to expand our vision with our platform," said Chris Cantrell, CEO and Founder of Pivoten.

"With P&C's expertise, we can provide our clients with a platform that not only meets their financial and reporting needs but also expands our service team. This is crucial in today's complex regulatory environment."

Pivoten reported over 100% growth in 2023 and is on target to exceed that growth in 2024, reflecting its commitment to customer service and operational excellence. The acquisition of P&C Business Solutions will further enhance Pivoten's unified business operations platform, which seamlessly integrates various applications and business processes across back-office, finance, accounting, field operations, tank automation, and production management into one streamlined solution.

'Their focus on customer service and product alignment has proven to be the right path. While major competitors continue to target larger clients, their commitment to small and medium-sized producers has proven to be a highly successful model,' said Chris H., a long-time client of Pivoten.

"Our ability to grow upstream is a strategic advantage for us. With a 100% U.S.-based team, we have demonstrated to our clients that we are nimble, cost-effective, and able to quickly deliver solutions that are on par with industry leaders, which has proven to be a winning strategy,' added Chris Cantrell, CEO and Founder of Pivoten."

The integration promises significant benefits to Pivoten's clients, primarily independent operators who play a crucial role in the U.S. economy. These operators will gain access to not only advanced financial tools but also enhanced services that improve compliance and regulatory reporting, thereby optimizing their operations and enhancing productivity.

P&C Business Solutions will continue its operations within the Pivoten framework, ensuring a seamless transition for existing users who will now have access to a broader range of features, options, and services as the platform continues to evolve.

About Pivoten™
Founded in 2022, Pivoten vision is to provide and build a unified business operations platform designed by operators, for operators. It integrates various applications and business processes of back-office, finance, accounting, field operations, tank automation, and production management into a single, comprehensive solution. Pivoten is an early-stage start-up, distributing major leading market players like P2™ Energy Solutions, PakEnergy™, and Enverus™ in both oil & gas accounting and production software.

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Media Contact:
Pivoten Marketing, Mallory Schlabach
hello@pivoten.com
877-748-6836
330-465-2447

May 6, 2024