P2 Energy Solutions is the leading provider of software and data to the upstream energy industry. Over 1,500 exploration and production companies use P2's products and services daily to improve decision-making, clarify complex workflow scenarios and optimize efficiency. Based in the US, the company employs over 700 people in offices around the world.
Our acquisition of P2 in November 2013 was the result of a proactive search from our deal team and operating partners for a well-positioned vertical software and data business. Advent's experience in both the technology and energy sectors enables us to leverage our experience and resources to help P2's management execute its strategic vision of being the technology provider of choice for the integrated operations of exploration and production (E&P) companies globally.
Accelerating product development and enhancing the go-to-market strategy are two growth initiatives that Advent is spearheading to position P2 to maximize its growth potential. Additionally, we plan to continue to expand the scope of P2 by taking the current solution set to select international markets and through strategic acquisitions.