Franz Inc. and TopQuadrant Partner to Deliver Semantic Reporting System for the Oil and Gas Industry
Partnership Powers ReportingHub Solution for operators on the Norwegian Continental Shelf
OAKLAND, Calif. — September 15, 2011 — Franz Inc., the leading supplier of Graph Database technology, and TopQuadrant Inc., the leader in semantic data integration, have announced their extended partnership to deliver solutions for the Exploration & Production Information Management Association’s (EPIM) Reporting Hub.
For the past four years, EPIM has been working with the industry solving its problem of collecting, normalizing, validating, analyzing and reporting data about activities of the North Sea oil and gas drillers. To realize the full potential of the information about $40 billion worth of petroleum produced annually on the Norwegian Continental Shelf, EPIM envisioned the ReportingHub as standards based information-exchange solution. It will utilize Semantic Web standards for storing, querying and analyzing exploration and production data, and the ISO 15926 standard as a foundation for sharing information about life-cycle activities and processes of the production facilities.
“ReportingHub is a long term, strategic investment and commitment of EPIM to better support its member companies. It is a semantic and industry standards-based approach that will be implemented within a Service Oriented Architecture (SOA) and provided and operated as a Software as a Service (SaaS).” said Thore Langeland, Project Manager ReportingHub. “In addition to streamlining collecting and processing drilling and production data, it is anticipated that future phases of ReportingHub may include additional data sets such as monthly economic reporting, yearly environment report, yearly reports to Statistics Norway, yearly reports to oil and gas producers and other capabilities.”
Irene Polikoff, CEO, TopQuadrant states: “We are pleased and excited about this opportunity to work with EPIM, its operators and partners. TopQuadrant’s TopBraid was designed to solve complex data integration problems in accordance with accepted standards. We are complementing our TopBraid semantic processing platform and our experience implementing model-driven solutions by partnering with Franz Inc. to provide scalable database solutions via AllegroGraph.”
“Franz and TopQuadrant have collaborated on past projects, such as NASA’s Constellation project.” said Jans Aasman, CEO of Franz Inc. “The EPIM project will intensify our cooperation and bring a tighter integration of the two companies’ product offerings, such as SPIN, a W3C specification for rule based programming that was designed by TopQuadrant.”
“Semantic Technologies are delivering value to the Enterprise and we are seeing accelerating adoption,” added Dr. Aasman. “Our joint efforts with TopQuadrant for the EPIM project along with our recent announcements with Amdocs and Intel are driving further corporate adoption at Fortune 500 companies for Semantic Technologies. Following Franz’s recent announcement of the industry’s first NoSQL database to load and query a trillion RDF statements, the EPIM project further solidifies the momentum and interest within large Enterprises for the deployment of Semantic Technologies.”
Dr. Aasman will be discussing “Intelligent Decision Automation on an Event Driven Semantic Platform” on September 26th, at the Semantic Tech and Business Conference in London, England.
About Franz Inc.
Franz’s semantic technology solutions help bring Web 3.0 ideas to reality. The company is the leading supplier of commercial, persistent and scalable Graph Database products. AllegroGraph is a high-performance database capable of storing and querying billions of RDF statements. The product provides solutions for customers to combine unstructured and structured data using W3C standard RDF for creating new Web 3.0 applications as well as identifying new opportunities for Business Intelligence in the Enterprise. AllegroGraph’s Activity Recognition package provides a powerful means to aggregate and analyze data about individual and organizational behaviors, preferences, relationships, plus spatial and temporal linkages between individuals and groups. Franz customers include Fortune 500 companies in the government, life sciences and telecommunications industries. For more information, visit franz.com.
TopQuadrant was established in 2001 with the mission to make frictionless data possible with data flowing freely between systems as desired and when appropriate. TopQuadrant’s W3C standards compliant semantic web solutions, which incorporate SPIN, SPARQL Motion, SPARQL Web Pages and Semantic XML, enable enterprises to master the challenges of the global marketplace with agile, cost effective business processes that easily adapt to change. The company’s customers include Fortune 1000 corporations in retail, pharmaceutical, financial services, telephony, media and content providers, medical/healthcare, manufacturing and energy industries as well as government agencies in the areas of defense, intelligence, justice and aerospace. For more information, visit www.topquadrant.com.