• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Electrical Engineering News and Products

Electronics Engineering Resources, Articles, Forums, Tear Down Videos and Technical Electronics How-To's

  • Products / Components
    • Analog ICs
    • Battery Power
    • Connectors
    • Microcontrollers
    • Power Electronics
    • Sensors
    • Test and Measurement
    • Wire / Cable
  • Applications
    • 5G
    • Automotive/Transportation
    • EV Engineering
    • Industrial
    • IoT
    • Medical
    • Telecommunications
    • Wearables
    • Wireless
  • Learn
    • eBooks / Handbooks
    • EE Training Days
    • Tutorials
    • Learning Center
    • Tech Toolboxes
    • Webinars & Digital Events
  • Resources
    • White Papers
    • Educational Assets
    • Design Guide Library
    • Digital Issues
    • Engineering Diversity & Inclusion
    • LEAP Awards
    • Podcasts
    • DesignFast
  • Videos
    • EE Videos and Interviews
    • Teardown Videos
  • EE Forums
    • EDABoard.com
    • Electro-Tech-Online.com
  • Bill’s Blogs
  • Advertise
  • Subscribe

Apax, JMI to buy software firm Paradigm for about $1 billion

June 12, 2012 By Simon Meads and Michael Erman, Reuters, London/New York

(Reuters) – Private equity firm Apax Partners and technology investment firm JMI Equity agreed to pay about $1 billion cash for software group Paradigm, whose technology helps oil and gas companies analyze drilling prospects.

Apax and JMI said on Monday they agreed to buy Paradigm Ltd which has been owned by U.S. investment group Fox Paine for the last 10 years.

Fox Paine bought the business in 2002 for around $100 million, taking the small U.S.-listed company private. The private equity firm invested another $65 million in Paradigm in 2010.

Paradigm, which competes with companies like Halliburton and Schlumberger, helps engineers to make drilling and production decisions by analyzing seismic data and producing complex three dimensional models.

The company has been for sale for more than 6 months, and has been in negotiations with Apax and JMI for more than a month, according to a source familiar with the matter. It previously considered going public, filing with U.S. regulators to begin the process in 2006.

The deal will allow Apax to tap into Paradigm’s large customer base across the United States, Europe and Asia, including Cairn Energy, Gazprom and Total, as they continue to drill and explore for resources in more challenging locations.

One of Europe’s largest private equity groups with operations around the world, Apax has had extensive experience in the software and IT sectors, investing some $1.7 billion of equity in companies including anti-virus developer Sophos and Autonomy.

Bank of America Merrill Lynch and Simmons & Co advised Apax, with UBS and Royal Bank of Canada providing debt financing. Jefferies advised Paradigm.

You Might Also Like

Filed Under: Fiber Optics

Primary Sidebar

EE Engineering Training Days

engineering

Featured Contributions

Integrating MEMS technology into next-gen vehicle safety features

Five challenges for developing next-generation ADAS and autonomous vehicles

Robust design for Variable Frequency Drives and starters

Meeting demand for hidden wearables via Schottky rectifiers

GaN reliability milestones break through the silicon ceiling

More Featured Contributions

EE Tech Toolbox

“ee
Tech Toolbox: 5G Technology
This Tech Toolbox covers the basics of 5G technology plus a story about how engineers designed and built a prototype DSL router mostly from old cellphone parts. Download this first 5G/wired/wireless communications Tech Toolbox to learn more!

EE Learning Center

EE Learning Center
“ee
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest info on technologies, tools and strategies for EE professionals.
“bills
contribute

R&D World Podcasts

R&D 100 Episode 10
See More >

Sponsored Content

Designing for Serviceability: The Role of Interconnects in HVAC Maintenance

From Control Boards to Comfort: How Signal Integrity Drives HVAC Innovation

Built to Withstand: Sealing and Thermal Protection in HVAC Sub-Systems

Revolutionizing Manufacturing with Smart Factories

Smarter HVAC Starts at the Sub-System Level

Empowering aerospace E/E design and innovation through Siemens Xcelerator and Capital in the Cloud

More Sponsored Content >>

RSS Current EDABoard.com discussions

  • connector model question
  • Sendust vs Ferrite for SMPS
  • sim7090g
  • Innovus Scan Reorder deletes Scan In Pad
  • The GaN revolution must now happen?

RSS Current Electro-Tech-Online.com Discussions

  • It's Amazing What A Buck And A Quarter....
  • Microinverters and storeage batteries?
  • ac current limiting
  • More fun with ws2812 this time XC8 and CLC
  • Impact of Tariffs on PCB Fab
Search Millions of Parts from Thousands of Suppliers.

Search Now!
design fast globle

Footer

EE World Online

EE WORLD ONLINE NETWORK

  • 5G Technology World
  • Analog IC Tips
  • Battery Power Tips
  • Connector Tips
  • DesignFast
  • EDABoard Forums
  • Electro-Tech-Online Forums
  • Engineer's Garage
  • EV Engineering
  • Microcontroller Tips
  • Power Electronic Tips
  • Sensor Tips
  • Test and Measurement Tips

EE WORLD ONLINE

  • Subscribe to our newsletter
  • Teardown Videos
  • Advertise with us
  • Contact us
  • About Us

Copyright © 2025 · WTWH Media LLC and its licensors. All rights reserved.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media.

Privacy Policy