Houston-based software company Merrick has announced a 112% increase in revenue from software license sales and SAAS subscriptions in 2013.
Th company provides production management and accounting solutions to the upstream oil and gas markets.
Merrick also reported a 40% increase in its client base for 2013.
Merrick’s CEO Scott Raphael, commented: “We are proud of having delivered another year of solid growth, while at the same time investing in innovation, and a global organization to serve our customers worldwide. Our Production software continues to outpace the overall market, and the results were driven by solid activity with new and existing customers in the US market and globally.”