Hytracc Consulting Explained

Hytracc Consulting AS
Company Logo: -->
Type:Private
Foundation:25 January 2010[1]
Location Country:Norway
Locations:7 country subsidiaries (2013)
Area Served:Worldwide
Key People:Henning Stokke
(Chairman and owner)
Trond Arve Pettersen
(CEO & President)
Industry:Oil and gas
Products:Hydrocarbon Accounting Software
Data Reporting Tools -->
Services:Design and implement IT solutions for the hydrocarbon supply chain
Num Employees:50+ (2011)
Revenue:[2]

Hytracc Consulting AS is a design and implementation service provider for IT solutions assisting oil and gas companies in managing their hydrocarbon exploration supply chain. The company is headquartered in Stavanger, Norway, and also has offices in Aberdeen, Calgary, Groningen, Houston, Trondheim, and Kuala Lumpur.

The company claims to be a leading provider of skills for implementing the Energy Components solution[3] of the vendor Tieto Norway.[4] Hytracc Consulting was founded in 2010 and has recorded a revenue in excess of NOK 118 million in its second fiscal year 2011. The Owners Dividend was NOK 43 million that year.[2] As of 2013, Hytracc Consulting has more than 50 employees worldwide.[3]

On 5 August 2014, Accenture declared[5] in a joint release that it has entered into an agreement to acquire Hytracc Consulting, while the terms of the transaction were not disclosed.

Notes and references

References

Notes and References

  1. [Brønnøysund Register Centre]
  2. Bedriftsdatabasen Financial statement, Hytracc Consulting As retrieved 13 March 2013
  3. Web site: Company Info on their home page . 13 March 2013 . dead . https://web.archive.org/web/20120104105653/http://hytracc.com/what-do-we-offer . 4 January 2012 .
  4. Web site: Tieto about their hydrocarbon accounting product . 13 March 2013 . dead . https://web.archive.org/web/20130615040832/http://www.tieto.com/industries/oil-and-gas/hydrocarbon-accounting/hydrocarbon-management-and-accounting-ec-world-leader . 15 June 2013 .
  5. Web site: Accenture to Acquire Specialist Hytracc Consulting, Expanding Its Hydrocarbon and Revenue Accounting Services to Oil and Gas Companies.