HOUSTON, Dec. 12, 2024 /PRNewswire/ — Gravity Oilfield Services Inc. (“Gravity” or the “company”), a growth-oriented water and power infrastructure company backed by affiliates of Clearlake Capital Group, L.P. (“Clearlake”), announced today that it has agreed to sell its Gravity Water Midstream division to Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”). Gravity Water Midstream provides gathering, transportation, recycling, storage, and disposal solutions for produced water in the Midland Basin in Texas and the Williston Basin in North Dakota.

“The acquisition of Gravity Water Midstream by Delek Logistics creates a path to continue to build incredible scale in our water midstream platform in the Midland Basin,” said Rob Rice, CEO of Gravity. “I am thankful to the employees of Gravity for their focus on service and dedication to building one of the largest commercial water management platforms in the Midland and Williston Basins. Building this water midstream platform would not be possible without the incredible support and partnership of Clearlake. I am excited to welcome in this new era for water management in the Midland and Williston Basins under the capable leadership of Delek Logistics.”

While Gravity is divesting its water midstream assets, the company will retain ownership and operation of its power infrastructure assets, continuing its commitment to providing critical power generation offerings.

Clearlake and Gravity partnered in 2017 to pursue produced water midstream opportunities. Over the last several years, Gravity has focused on organically growing its water infrastructure business to support producers in the Midland and Williston basins, and its water business segment has quickly grown into one of the largest commercial operators of disposal wells in the Midland Basin. Gravity Water Midstream developed a system comprised of 200+ miles of permanent pipeline, 46 SWD facilities, and 14 fresh water facilities with over six million barrels of storage capacity, all of which form an extensive and interconnected network.

“We valued the opportunity to partner with the Gravity team as they executed a vision to build a leading water midstream platform in the Midland and Williston Basins,” said José E. Feliciano, Co-Founder and Managing Partner, and Colin Leonard, Partner and Managing Director, of Clearlake. “We’d like to thank Rob and the entire Gravity Water Midstream team for their hard work and commitment to growing the business organically over the last several years.”

Piper Sandler & Co served as exclusive financial advisor and Vinson & Elkins LLP served as legal counsel to Gravity in connection with the transaction.

About Gravity
Gravity is a growth-oriented provider of energy infrastructure services to U.S. onshore oil and natural gas exploration and production companies, providing water midstream solutions, critical power generation offerings and other production focused services. Gravity has significant coverage density in the Permian Basin and benefits from a national footprint supported by facilities, operations and management personnel in several other key domestic resource plays including the Bakken, Eagle Ford, SCOOP/STACK, DJ Basin, Haynesville and Marcellus, among others. More information is available at www.gvty.com.

About Clearlake Capital Group 
Founded in 2006, Clearlake Capital Group, L.P. is an investment firm founded operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are industrials, technology, and consumer. Clearlake has over $85 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland, Singapore, and Abu Dhabi, UAE. More information is available at www.clearlake.com and on X @Clearlake. 

Media Contacts:
For Gravity
Heather Heacock, (281) 640-3043
Marketing Communication Manager
heather.heacock@gvty.com

For Clearlake
Jennifer Hurson, (845) 507-0571
Lambert
jhurson@lambert.com 

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SOURCE Gravity Oilfield Services Inc.; Clearlake Capital Group

nClouds recognized as MSP Partner of the Year and SaaS SI Partner of the Year finalist, ranking highly among the many AWS Partners around the globe that help their customers drive innovation.

SALT LAKE CITY, Dec. 12, 2024 /PRNewswire-PRWeb/ — nClouds is excited to announce that it is a finalist for two 2024 Global AWS Partner Awards, recognizing leaders around the globe who are playing key roles in helping their customers drive innovation and build solutions on Amazon Web Services (AWS).

nClouds has been named a finalist for MSP Partner of the Year. This award recognizes top AWS managed service providers (MSPs) that provide end-to-end AWS solutions to customers at any stage of the cloud journey — from consultation on initial solution design to building applications and providing ongoing optimization and support. nClouds was also named a finalist for SaaS SI Partner of the Year, a data-driven award category that recognizes top partners with the AWS SaaS Competency and deep experience helping organizations design and build software-as-a-service (SaaS) and cloud-native solutions on AWS.

The Geography and Global AWS Partner Awards recognize a wide range of AWS Partners that have embraced specialization, innovation, and cooperation over the past year. Geography and Global AWS Partner Awards recognize partners whose business models continue to evolve and thrive on AWS as they support their customers. nClouds’ next-generation managed services offer 24/7 access to expert engineers, advanced tooling, and cutting-edge strategies to elevate customers’ operational excellence. For SaaS, nClouds aims to enable customers’ SaaS solution infrastructure to empower intelligent automation, high availability, scalability, and enhanced security and compliance.

“We’re thrilled to receive the Partner of Year Finalist recognition from AWS for not just one but two of our core businesses: MSP and SaaS,” said Brad Winney, nClouds CEO. “Teaming with our customers and AWS, we consistently deliver innovative cloud solutions that empower our customers to achieve their business goals.”

The Geography and Global AWS Partner Awards included a self-nomination process across several award categories, awarded at both the geographic and global levels. All AWS Partners were invited to participate and submit a nomination. Award submissions were reviewed by a third party, Canalys, and selected with special emphasis on customer success use cases.

In addition, several data-driven award categories were evaluated by a unique set of metrics that helped measure AWS Partners’ performance over the past year. Canalys audited the datasets to ensure that all measurements and calculations were objective and accurate. Finalists represented the top three ranked AWS Partners across each category.

The AWS Partner Network (APN) is a global program focused on helping partners innovate, accelerate their journey to the cloud, and take full advantage of the breadth and depth of AWS.

About
nClouds is an award-winning Amazon Web Services (AWS) Premier Tier Services Partner focused on helping organizations accelerate innovation. We partner with our customers to migrate, modernize, and manage cloud operations initiatives to support their digital transformation journeys. We provide high-performance consulting and support solutions for every stage of the cloud journey, enabling our customers to improve business agility and innovation velocity, reduce operational costs, and improve workforce efficiencies. nClouds’ core practices include cloud migration and modernization, AI, DevOps, security and compliance, FinOps, and managed services. Learn more at nclouds.com.

Media Contact

GraceAnn De Cesaris, nClouds, (866) 673-9330, graceann@nclouds.com, https://www.nclouds.com/

View original content to download multimedia:https://www.prweb.com/releases/nclouds-named-a-2024-geography-and-global-aws-partner-award-finalist-for-msp-and-saas-categories-302330859.html

SOURCE nClouds

– VVR achieves EAF (Education Alliance Finland) Certification following Helsinki Ministry of Education Testbed Program collaboration 

– It strengthens presence in global IT education markets, including Japan, Mongolia, and India

SEOUL, South Korea, Dec. 13, 2024 /PRNewswire/ — South Korea’s leading XR/VR education company, VVR, has received the prestigious educational evaluation certification from the Education Alliance Finland (EAF) for its interactive learning solution, SPODY. Along with a partnership with Japan’s Asahi TV, this marks a significant step in VVR’s expansion into Europe, North America, and East Asia. 

VVR is at the forefront of transforming traditional 2D learning into immersive virtual reality experiences, delivering modern, engaging learning environments that drive innovation in education.

A blend of “SPORTS” and “STUDY,” SPODY is a play-based learning solution designed to create engaging, interactive educational experiences for children. Utilizing large screens and XR technology tailored for elementary education, SPODY leverages advanced motion detection technology to accurately track users’ movements. This enables interactive content that enhances both physical activity and education.

Through SPODY, students can explore math and language concepts in an engaging and interactive manner, fostering deeper immersion and participation in their learning process.

“SPODY has proven effective in enabling children to learn naturally through play, making it a preferred choice for institutions worldwide,” said Young-Hoon Mok CEO of VVR. “We continuously gather feedback from customers in the U.S., Finland, Estonia, Mongolia, Japan, and other countries to refine our products and strengthen their competitiveness in local markets.”

Young-Hoon Mok added, “Our collaboration with the Helsinki Ministry of Education through the Testbed Program and the recent EAF certification have established SPODY’s competitive edge in Finland. Building on this success, we are forming partnerships in Mongolia, India, and with Japan’s Asahi TV to ensure a successful entry into global IT education markets. We look forward to achieving even greater milestones.”

To learn more about VVR’s play-based learning solution SPODY, visit https://vvr.co.kr/home-eng.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/vvr-advances-global-expansion-with-finlands-eaf-certification-and-partnerships-in-the-xrvr-education-market-302330334.html

SOURCE VVR