Houston based developer Vista Equities Group (VEG) welcomes Peloton Computer Enterprises, Inc. to LaCenterra at Cinco Ranch in Katy. The global drilling and well data software company has leased 10,800 square feet of office space for its new Houston headquarters.
Peloton will relocate from its current CityWest Boulevard location to LaCenterra in spring 2012. According to management, the company plans to more than double its current Houston staff of 18 employees over the next five years.
“Quality of life and convenience were important factors when we were evaluating sites,” says Monty Meloche, president of Peloton. “Many of our employees currently reside in Katy because of the great neighborhoods and exceptional schools. Add LaCenterra’s mix of shops and restaurants, and it was the clear choice.”
Peloton’s decision to move west marks the fourth such company to locate in the Katy area this year. “With close proximity to the Energy Corridor and the availability of talent and facilities, more and more energy software and technology companies are calling the Katy area home,” says Katy Economic Development Council President and CEO, Lance LaCour.
“Energy software companies like Peloton, TISA, SafeKick and Jurat Software are helping establish an energy software cluster here. We appreciate Peloton’s confidence and investment in the Katy area. We want to do whatever we can to ensure the company’s continued growth and future success,” he adds.
Peloton’s history dates back to 1991, when the company began development of WellView, a comprehensive tool that allows oil and gas companies to manage their data from request to drill through abandonment. Today, Peloton offers MasterView, WellView, SiteView, RigView, ProdView and the Schematic Component. More than 200 oil and gas companies throughout the world rely on Peloton’s technology to make better informed decisions and to be better focused oil and gas companies.
Peloton has been self funded to date and has managed its expansion carefully while maintaining the quality standards that are fundamental to its future. The company has grown from a two person operation in 1991 to a staff of 85 employees worldwide with offices around the globe in cities including Aberdeen, Amsterdam, Beijing, Bridgetown, Calgary, Dubai, Houston, Jakarta, and Moscow. For more information, visit peloton.com.
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