Hytracc Consulting

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.

Hytracc Consulting AS
TypePrivate
IndustryOil and gas
Founded25 January 2010[1]
Headquarters
Norway
Number of locations
7 country subsidiaries (2013)
Area served
Worldwide
Key people
Henning Stokke
(Chairman and owner)
Trond Arve Pettersen
(CEO & President)[1]
ServicesDesign and implement IT solutions for the hydrocarbon supply chain
Revenue
  • NOK 118,7 million (2011)
[2]
  • NOK 19,7 million (2011)
  • NOK 48,4 million (2011)
Number of employees
50+ (2011)
Websitewww.hytracc.com

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 announced[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
  1. Brønnøysund Register Centre Nøkkelopplysninger fra Enhetsregisteret for entity 995108771, reference for the creation and key people, retrieved 13 March 2013 (in Norwegian)
  2. Bedriftsdatabasen Financial statement, Hytracc Consulting As retrieved 13 March 2013 (in Norwegian)
  3. "Company Info on their home page". Archived from the original on 4 January 2012. Retrieved 13 March 2013.
  4. "Tieto about their hydrocarbon accounting product". Archived from the original on 15 June 2013. Retrieved 13 March 2013.
  5. http://newsroom.accenture.com/news/accenture-to-expand-hydrocarbon-and-revenue-accounting-services-to-oil-and-gas-companies-by-acquiring-specialist-hytracc-consulting.htm
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