Denver, CO – According to filings with the U.S. Securities and Exchange Commission, Ubiterra is raising $1,000,000.00 in new funding. Sources indicate as part of senior management President and Chief Executive Officer, Peter Flanagan played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Ubiterra
Ubiterra is a group of E&P professionals and programmers innovating cloud software for the resource play revolution. Our ZoneVu cloud app is designed for the time-driven G&G workflows that occur during the planning and drilling of horizontal wells. Any number of users can securely share projects and well data from anywhere. It has a geospatial database, so saving and finding your data is simple, and your data is permanently stored in the cloud. You can upload your 3D seismic interpretations & well plans, connect to the rig, and watch your drilling live, even from your phone. All in a browser, and in 3D. No software to install. Make your workflow faster, easier, and with fewer drilling errors.

To learn more about Ubiterra, visit http://www.ubiterra.com/

Contact:
Peter Flanagan, President and Chief Executive Officer
303-629-8330
pflanagan@ubiterra.com
https://www.linkedin.com/in/peter-w-flanagan-ba336a2/

SOURCE: http://www.intelligence360.io
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