Enverus to acquire SBS
Enverus, the leading energy data analytics platform, has entered an agreement to acquire SBS.
This acquisition provides additional scale and long-term investment in SBS customers and solutions. With Enverus behind us, we gain expanded capabilities and resources that will help us continue advancing design automation and delivering even greater value to design and engineering teams.
What is not changing is our team, our products, or our focus. Our customers will continue working with the same people you know and trust, and there is no disruption to any current solutions or support.
We’ve included answers to some Frequently Asked Questions below. For more information, please see this press release, or contact us here.
FAQ
What’s happening?
SBS has entered into an agreement to be acquired by Enverus.
When will this be finalized?
The agreement is expected to close within the next 60 days, subject to customary closing conditions.
What are the terms of the transaction?
The terms of the transaction have not been disclosed.
How does this affect SBS customers?
Some business processes, like invoicing, will evolve over time but SBS will continue to operate as usual, including product development, sales, implementation, and customer support.
Will any products or contracts change?
There are no changes to SBS products or contracts because of this announcement.
Will my day-to-day interactions with SBS change?
No. Your points of contact, support processes, and service experience will remain the same.
Why is SBS doing this?
This transaction is intended to support long-term growth and investment in SBS’s products and customers. Following the close, SBS will work with Enverus to explore opportunities to accelerate innovation and deliver additional value over time.
Who is Enverus?
Enverus is the energy industry’s most trusted source for decision intelligence and operational efficiencies. With petabytes of proprietary data, deep domain expertise and AI-native technology, Enverus empowers customers to invest smarter, operate more efficiently, and scale faster — across upstream, midstream, minerals, power and renewables — all while navigating the most complex energy market in history. Learn more at www.enverus.com.