(AMSTERDAM, Netherlands: March 17, 2008) Paradigm™ (www.pdgm.com), a leading provider of enterprise software solutions to the global oil and natural gas exploration and production (E&P) industry, announced today that Chief Information Officer Clay Miller has relocated from Houston, Texas to Kuala Lumpur, Malaysia where he continues to lead the company’s global information technology (IT) organization. This continues the companywide plan to globally locate executive leadership members close to Paradigm customers regionally around the world.
Miller’s presence in Kuala Lumpur demonstrates Paradigm’s international commitment to the energy industry by moving toward a globally distributed executive management team and reinforces its dedication to corporate governance by senior management. His strategic positioning in this region allows Paradigm IT to leverage more direct access to the region’s IT Super Corridor as the company responds to the advanced multi-disciplinary data processing needs of customers. The move further enhances global communications within a globally networked IT team and establishes a direct channel between regional customers and Paradigm’s executive leadership team.
“Paradigm will continue to execute responsive leadership strategies in order to support our global customer base and strengthen operations worldwide,” said John W. Gibson, Jr., chief executive officer of Paradigm. “By locating executive positions in targeted geographies worldwide, we can enable effective and rapid communications at the senior level of management and increase organizational synergies across borders.”
“As chief information officer, I am excited to be in Kuala Lumpur, as this region experiences explosive growth in both the energy and technology industries,” added Miller. “The relocation is a natural part of Paradigm’s evolution into a more global company and is, without question, an absolute necessity for future expansion. Being in Malaysia gives Paradigm direct access to key regional IT providers in order to drive innovative technology solutions.”
For more information on Paradigm products and services, contact your regional office directly (find information at www.pdgm.com), or e-mail info@pdgm.com.
About Paradigm™
Paradigm B.V. (www.pdgm.com), the industry leader in digital subsurface asset management, helps global oil and gas companies locate new reserves and optimize production in complex geological areas. Paradigm’s technology advances the science of hydrocarbon detection with solutions in seismic data processing and subsurface imaging, prospect interpretation and modeling, reservoir characterization, and well planning and drilling. These exploration and production solutions operate in an open environment with connectivity to third-party data stores to accelerate project creation and turnaround. Paradigm has a global network of sales, services and user support, serving major oil and gas producing regions around the world. For additional information visit Paradigm’s website at www.pdgm.com.
The following are trademarks or registered trademarks of Paradigm B.V. or of its affiliates (collectively, “Paradigm”): Paradigm™, Paradigm logo and/or other Paradigm products referenced herein. All other trademarks are owned by their respective owners.
Forward-Looking Statements
Some of the statements in this press release may constitute "forward-looking statements" that do not directly or exclusively relate to historical facts. These forward-looking statements reflect our intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors, many of which are outside of our control. Important factors that could cause actual results to differ materially from the expectations expressed or implied in the forward-looking statements include known and unknown risks. Because actual results could differ materially from our intentions, plans, expectations, assumptions and beliefs about the future, you are urged to view all forward-looking statements contained in this press release with caution. Paradigm does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.