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TMCNet:  Harry Debes Appointed as P2 Board of Directors Chairman

[April 10, 2014]

Harry Debes Appointed as P2 Board of Directors Chairman

(Marketwire Via Acquire Media NewsEdge) DENVER, CO -- (Marketwired) -- 04/10/14 -- P2 Energy Solutions ("P2") today announced that Harry Debes, who has more than two decades of experience in the software and technology sector, has been appointed to chair P2's Board of Directors.
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Debes comes to P2 as an operating partner for Advent International, which acquired P2 from Vista Equity Partners in November 2013. As an operating partner on Advent's technology, media and telecom team, Debes helps the global private equity firm identify attractive investment opportunities and generate post-acquisition value for software and technology organizations and their clients. P2's strong commitment to customer satisfaction and how the company has strategically positioned itself for future growth were among the reasons why Debes and Advent were drawn to P2, he said.

"The entire Advent team takes customer satisfaction very seriously because we know that businesses can't be successful without customers whose expectations are consistently met and exceeded," Debes said. "So we were extremely pleased to see P2's customer satisfaction rating climb 42 percentage points in 2013. That kind of increase can only happen when you have passionate employees being led by a management team committed to their customers." On P2's position for further growth, Debes spoke of the strong investments that P2 is making both domestically and internationally. He referenced P2's acquisition of Perth, Australia-based ISS Group and its suite of production operations solutions, which provide a clear pathway for P2 to create true integrated business operations for upstream organizations around the globe.

"P2 has a great product portfolio with opportunity for domestic and international growth," Debes said. "The more I learn about the portfolio, I can see the alignment with the needs of the rapidly growing oil and gas industry." Prior to joining Advent, Debes served as Lawson Software's chief executive for six years before the company was acquired by business software provider Infor in July 2011. Lawson's revenues grew from $350 million to $850 million under Debes' stewardship. Debes has also worked for SPL WorldGroup, JD Edwards and Geac Computer Corporation.

Debes joins Mike McCrory, IHS's former president and COO, on the P2 board.

"Harry is a great addition to our team," said Charles Goodman, P2's president and CEO. "He has a tremendous amount of software and technology expertise, and I look forward to working with him during this very exciting time for the upstream oil and gas industry." Debes holds a bachelor's degree from the University of Toronto and an MBA from McMaster University. He has a son and a daughter, Michael and Elise.

About P2 Energy Solutions P2 Energy Solutions is the only technology company that provides a comprehensive range of software, geospatial data, land management tools, and outsourcing to the energy industry. More than 1,500 companies use P2 products and services daily to improve decision-making, gain clarity into complex workflow scenarios, and optimize upstream efficiency. P2's core focus is the upstream oil and gas industry. P2's solutions are flexible and extensible and have been adopted by customers in manufacturing, midstream oil and gas, mining and minerals. With more than 80 years of experience in data and 30 years in software, P2 has offices around the world, and employs over 700 people.

For more information, visit: http://www.p2energysolutions.com Media Contacts Ben Bacon 303-390-9328 Email Contact Source: P2 Energy Solutions

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