HOUSTON AND CALGARY, April 8, 2019 – Osprey Informatics (“Osprey”), a leading provider of intelligent visual monitoring solutions to oil and gas and other industrial markets, announced today that its board of directors has named Mark Slaughter to the position of chief executive officer (“CEO”) and to the Company’s board of directors. Rob Logan, who has served as CEO of Osprey for the past three years, and is the current board chair, will step back into his investor role and assist with the transition.
Slaughter has deep experience in growing companies that have developed disruptive technologies with applications in a wide range of industrial settings. From 2007 through to 2016, he was CEO of RigNet (Nasdaq: RNET), a leading global provider of remote communications and value-added applications primarily to the oil and gas industry. During his nine-year tenure, RigNet grew from a US$50 million private company to a public company and industry leader with a peak valuation exceeding US$1 billion. Most recently, he was president and a co-founder, and is transitioning to the advisory board, of eFrac Well Services, a next-generation well completions company providing natural gas-fueled, electric-powered hydraulic fracturing services. Slaughter also serves on the board of Geoforce, a remote asset tracking solutions company. Slaughter holds an A.B., C.L.G.S, from Harvard University, and an MBA from Stanford University’s Graduate School of Business.
Marty Reed, Osprey board member and CEO of Evok Innovations, a venture capital investor in Osprey, said, “The board is delighted that Mark is taking the helm at Osprey. We believe that his skills and experience will be a great asset for the next phase of its growth story. At the same time, the board would like to thank Rob for his leadership over the past three years, both in stabilizing the Company and strategically positioning it for future growth.”
“I am excited to be stepping into the top leadership role at Osprey, working with its talented employees as well as leveraging the expertise of its board and investor base”, said Slaughter. “As a SaaS company, Osprey can scale quickly with its intelligent visual monitoring platform by helping customers operate remotely in a more productive, safe and secure manner. Osprey’s proven solutions help its customers reduce the need for travel to remote sites, enabling true management by exception while also enhancing safety and environmental compliance.”
Logan responded, “I am proud to have led Osprey through a pivotal time. With our strategic financing and key channel partners in place, this is the right time to hand Osprey to a proven industry veteran. Osprey has a great future; I look forward to assisting with Mark’s transition and watching the Company accelerate.”
About Osprey Informatics
Osprey has developed Osprey Reach, the intelligent visual monitoring platform that empowers industrial companies to reduce operational costs, while mitigating environmental and safety risks. Customers can increase productivity through virtual asset monitoring, improve HSE compliance with automated leak detection and safety supervision, as well as strengthen security and accountability through proactive activity detection. Osprey Reach is powered by computer vision, a type of artificial intelligence generating accurate, insightful alerts and reports that enable “true management by exception.” The Company is headquartered in Calgary, Alberta with a major office in Houston, Texas. Strategic investors include Shell Ventures, Evok Innovations and InterGen Capital. For more information, please visit www.ospreyinformatics.com.
Tel: +1 (403) 678-8513