GE, Altira Invest to Help Beyond Compliance Expand Across North America

    Company's Software Helps Asset-Intensive Energy Companies Comply with
Increasing Regulations

    CALGARY, ALBERTA, November 26 /CNW/ - GE Energy Financial Services, a
unit of GE (NYSE:  GE), and Altira Group LLC are investing US $7 million in
Beyond Compliance Inc., a Calgary-based company that provides software to
asset-intensive energy companies managing compliance with government

    For the past seven years, Beyond Compliance Inc. (BCI) has helped
utilities and upstream oil and gas companies in Canada track field-based
deficiencies and manage corrective action relating to increasing regulatory
requirements and worker safety issues.

    "The signing of a new US $7 million financing deal launches BCI into a
new phase of expanded markets and enhanced geographical reach," says CEO Ron
Visser. "Investment by such outstanding financing partners is a powerful
acknowledgement of BCI's growth."

    Visser, who co-founded BCI in 2000, said the company is committed to
making compliance easy and sustainable. With the financial support of GE and
Altira, BCI plans to expand beyond its base in Canada to all of North America,
especially to US-based upstream oil and gas, pipeline, petrochemical, and
electrical utility companies.

    The growth is driven by clients making a public commitment to do more to
protect their industrial-based workforce and the environment.

    GE Energy Financial Services, which invests more than US $5 billion
annually in energy and water projects and companies, said it was attracted by
BCI's business model of helping its customers address increasing compliance
and safety issues through process automation. That automation helps track
exposure, reduce regulatory risk, and increase the productivity of field
workers responsible for maintaining audits.

    Altira Group partners with and invests in companies that develop and
commercialize energy technologies in the areas of natural resources, clean
energy and electric power. Altira's investment, its second since December
2003, is made through the Altira Technology Fund IV L.P. "We are very pleased
to participate in supporting BCI's growth plans," said Altira Managing Partner
Dirk McDermott.

    About Beyond Compliance

    Beyond Compliance Inc. was established to help energy companies manage
regulatory and corporate compliance by improving the workflow between field
operations and corporate office. The company's Integrated Compliance
Management System(R) (ICMS) provides field workers with appropriate tools to
improve inefficient paper-based data gathering methods including; production
data collection, field inspections, worker competency and safety management,
incident tracking, and vendor management. Once collected, data is interpreted
and can me made available in real time to help office personnel report
deficiencies and manage corrective action.

    ICMS(R) has been proven to improve worker productivity, reduce operations
cost and lower business risk as organizations meet or exceed their compliance
obligations. It is currently used by several energy producers from very large
multi-national firms to small independents.

    Beyond Compliance Inc. was founded in 2000, and has offices in Calgary
and Houston.

    For further information, please visit our website at, or contact:
    Ron Visser                      Michael Koury
    CEO and Founder                 Vice President, Business Development
    403-374-3839                    403-850-1709

For further information:

For further information: Beyond Compliance Inc. Ron Visser, 403-374-3839
CEO and Founder Michael Koury, 403-850-1709 Vice
President, Business Development

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890