Monday, June 2, 2008

Center Line Data Sold To Houston Firm

Denver-based Center Line Data Corp., a privately held developer of well log digitizing software, has sold virtually all of its assets to TGS-NOPEC Geophysical Co., TGS announced Monday. TGS, a seismic imaging software publisher headquartered in Houston, said it paid some $5 million in cash and 30,600 shares of TGS stock to acquire Center Line. As a result of the purchase, TGS will open a regional office in Denver, the company said, adding that Center Line’s staff of 36 employees will become part of TGS’ Geological Products and Services division.