Arundo Analytics Inc and Statoil ASA Enter into Agreement to Establish Data Science / Big Data Based Optimization of Operations

Arundo Analytics, Inc., (Arundo) has been awarded a contract with Statoil to be the preferred vendor on data science and analytics capabilities. The contract’s intent is to drive substantial operational improvement by leveraging large data sets to enhance asset utilization, reduce maintenance costs, and improve planning and execution.

– “The feedback we are hearing from customers is that they consider Arundo a superior combination: the best of breed of software solutions from Silicon Valley coupled with industry knowledge and competence. Arundo brings Silicon Valley into the industrial space with our open platform solution and unique people,” says Tor Jakob Ramsøy, founder and CEO of Arundo.

– “Statoil is a very important customer for us, and we appreciate this as a sign of trust to Arundo and startups in general. That a leading international corporation chooses a startup over more established incumbents demonstrates courage and willingness to be innovative” says Tor Jakob Ramsøy, Arundo CEO.

About Statoil

Statoil is an international energy company with operations in 38 countries. Building on more than 40 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. We are headquartered in Stavanger, Norway with approximately 22,000 employees worldwide, and are listed on the New York and Oslo stock exchanges.

About Arundo

Arundo Analytics is a global provider of analytical and predictive solutions that raise asset utilization and performance in industrial companies. Arundo's DeepQ product uniquely integrates sensor and transactional data to drive deep insight into historical equipment and maintenance performance. Arundo's real time predictive product, LiveQ, helps clients reduce maintenance costs, avoid unexpected outages and ultimately improve revenue assurance through a multi-layered use of patented machine learning techniques. SocialQ is a cross asset, even cross company, rapid, data driven problem solving collaboration tool that enhances workflow, makes operational work more efficient and ultimately improves production.

With offices in Houston, Oslo and Palo Alto, Arundo brings together an experienced team with deep enterprise technical, data science and domain expertise.

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Contact information

Europe, Middle East and Asia contact:
Tor Jakob Ramsøy, +47 9704 5051
TorJakob@arundo.com
or
Americas contact:
Stuart Morstead, +1 713 256 7584
Stuart@arundo.com