Enverus, which describes itself as essentially the most trusted energy-dedicated SaaS and generative AI firm, has introduced the promotion of Manuj Nikhanj to the place of Chief Government Officer (CEO).
The transfer is efficient on July 1, in line with a launch from the corporate, which was despatched to Rigzone. Nikhanj at the moment serves as Enverus’ president and can succeed Jeff Hughes, the discharge highlighted. Hughes will “proceed to assist the corporate within the position of government chairman”, the discharge outlined.
Nikhanj’s profession in vitality started greater than 20 years in the past, Enverus famous within the launch, including that, previous to Enverus, Nikhanj was an authentic associate and co-CEO of RS Power Group and its predecessor corporations. Enverus’ web site highlights that, during the last 17 years, Nikhanj has accomplished a number of hundred evaluations of private and non-private producers, performs, and property. It provides that he has served as a trusted advisor for a number of firm boards and government groups round technique and execution on new and current property.
Again in January 2021, Enverus introduced in a launch posted on its web site that Nikhanj would develop into its new president, “the place he can be chargeable for executing the corporate’s imaginative and prescient as a pacesetter and innovator within the vitality sector”.
“With international scale, a rising buyer base, greatest in school know-how, and a tradition of innovation, Enverus’ development potential is big,” Hughes mentioned in Enverus’ newest launch.
“Manuj’s partnership, together with the assist of our buyers Hellman & Friedman and Genstar, has been instrumental in constructing Enverus into the chief within the energy-focused SaaS business. As we strategy $600 million in annual recurring income and proceed to guide know-how innovation for the vitality business, we’ve entered a brand new part of development,” he added.
“We’re operationally and strategically strong, and now’s the precise time to cross the reins to Manuj, whose imaginative and prescient and deep business expertise will take our improbable crew to even larger heights,” he continued.
Within the launch, Nikhanj mentioned, “I’m thrilled and honored to step into the CEO position at this transformational second for Enverus”.
“Jeff has created an award-winning worker tradition that empowered Enverus to develop into essentially the most extensively adopted SaaS platform within the largest business on the planet: vitality,” he added.
“We now have a brilliant future forward of us, and I sit up for persevering with to profit from Jeff’s mentorship and strategic imaginative and prescient as we work with the crew to proceed creating worth and delivering extraordinary outcomes for our prospects,” he went on to state.
Hughes has a 20-year monitor file of driving market share and revenue development at SaaS companies, starting from startups to Fortune 500 firms, Enverus’ website states.
“His experience with P&L administration, management of worldwide groups, and tech innovation are outlined by his unwavering dedication to buyer satisfaction,” it provides.
Earlier than Hughes joined Enverus, he labored as the final supervisor for Digital Perception, chief know-how officer for NCR Monetary Providers, and the final supervisor for Radiant Methods, Enverus’ website exhibits, including that Hughes’ SaaS profession started in 1995, when he based CompleteSynergy “with a primary of its type software program software”.
Earlier this 12 months, Enverus’ Chief Innovation Officer, Colin Westmoreland, revealed to Rigzone that Enverus believes generative AI will form oil and gasoline determination making in 2024 and into the longer term. Westmoreland additionally informed Rigzone that generative AI is anticipated to develop into commonplace amongst oil and gasoline corporations over the subsequent few years.
In a launch despatched to Rigzone again in February, the corporate introduced the launch of Instantaneous Analyst know-how to its product portfolio. Enverus highlighted in that launch that the know-how permits customers to ask questions resembling ‘are you able to summarize essential KPIs of the Exxon-Pioneer deal?’ and get concise solutions full with hyperlinks to supply paperwork containing the analysis supporting the reply.
In a launch despatched to Rigzone earlier this month, Enverus introduced that it was releasing complimentary entry to its new Instantaneous Analyst know-how to its Oil & Fuel Analysis (OGR) and Power Transition Analysis (ETR) prospects who have been in attendance on the EVOLVE 2024 convention.
“These 750 customers now be a part of an unique group of early adopters and can be capable of discover concise solutions shortly throughout tens of hundreds of paperwork contained in the Enverus Intelligence Vault,” the corporate acknowledged in that launch.
To contact the writer, e mail andreas.exarheas@rigzone.com