IDOX To Supply Software To Occidental Petroleum Subsidiary For $2 Million
May 23 2012 - 3:52AM
Dow Jones News
IDOX PLC (IDOX.LN), a software and services supplier, said
Wednesday its engineering information management subsidiary McLaren
Software has agreed to supply its software suite and related
services for $2 million in the first year to OXY Inc., a subsidiary
of Occidental Petroleum Corp. (OXY), an international oil and gas
exploration and production company.
MAIN FACTS:
-McLaren will provide its Enterprise suite, which will manage
global asset documentation, corporation policies and procedures,
standards and guidelines.
-IDOX shares at 0720 GMT up 1 pence, or 1.54%, at 33 pence,
valuing the Company at GBP112.36 million.
-By Michael Auslen, Dow Jones; 44-20-7842-9434;
michael.auslen@dowjones.com
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