Finally – Some Good News In Oil & Gas

CALGARY, Alberta, Oct. 20, 2015 (GLOBE NEWSWIRE) — Good news is getting harder to find, lost in the shadows of low oil prices and layoff announcements. But you only need to spend a few minutes clicking around on the internet or flipping through a magazine in order to find the success stories. These are companies who continue to expand into new markets, or are innovating new technologies, or they are companies like VistaVu Solutions who continue to be recognized for their achievements and are happy to operate quietly, focusing on their customers’ needs for increased cost control and efficiencies.

VistaVu Solutions has earned several recognitions and awards in 2015. Most recently, Canadian Business and PROFIT ranked VistaVu No. 226 on the Annual PROFIT 500, the definitive ranking of Canada’s Fastest-Growing Companies, with a five-year annual growth rate of 260%. That announcement came on the heels of Inc. Magazines’ annual Inc. 5000 ranking in the US, with VistaVu in No. 2125, up from No. 2355 in 2014.

According to Jory Lamb President of VistaVu, “What matters most aren’t the awards – though it’s great to be recognized in these ways. It’s our customers that are our greatest achievement, and we are continually looking for ways to better support them. We haven’t escaped having to make some difficult decisions ourselves this year, but we continue to invest in new technologies and prototypes in order to find ways to help our customers run better.”

In 2015, VistaVu launched two new products, FieldVu Mobile and FieldVu Analytics. The increased emphasis on analytics and the subsequent drop in oil prices puts pressure on companies to use the data they already have, which lead to the development of FieldVu Analytics. Having the ability to make better decisions is often the difference between making money and losing it – FieldVu Analytics puts this data at your fingertips so you can make faster decisions in key areas like financials, job costing, workforce and equipment maintenance. VistaVu put their expertise into tools and out-of-the-box dashboards which helps energy services companies hit the ground running. And it’s easy. “What I truly love about (FieldVu Analytics) is that it is so easy to use.” says Logan Givner, Operational Controller at the Keane Group, one of VistaVu’s customers. “Being able to drag objects into your report and create calculations, when you want to review the same information on a monthly or quarterly basis, makes financial analytics so much easier.”

In the spring, VistaVu launched FieldVu mobile, a disconnected field data capture application. “FieldVu mobile helps customers get information from the field faster and more accurately. Reducing the time it takes to collect the information from the field and get bills out the door, can significantly impact cash flow,” says Lamb. Both FieldVu Analytics and FieldVu Mobile complement VistaVu’s core product, FieldVu, extending the value even further for their energy service customers.

In a world where markets go up and down and companies come and go, staying focused helps you keep decisions in line with strategy. At VistaVu, “We continue to work on next generation solutions for our customers. Technology is a tool that business can leverage to make a good business better, and we want to be on the leading edge of that.” says Lamb.

CONTACT: Manouri Giesen
         Marketing Specialist
         manouri.giesen@vistavusolutions.com
         403.263.2727 Ext. 213