Herman Nieuwoudt Takes the Helm as President of Bluware

CMG Welcomes Herman Nieuwoudt as New President of Bluware

Computer Modelling Group Ltd. (TSX: CMG) has recently appointed Herman Nieuwoudt as the new President of Bluware, a thriving subsidiary of CMG. This exciting development marks a significant step forward for the company as it focuses on enhancing its leadership team.

A Strong Leader Joins the Ranks

Pramod Jain, the CEO of CMG, expressed enthusiasm about Nieuwoudt's appointment, emphasizing the strong track record he brings to the table. Pramod noted, "Herman has a proven history of fostering transformative growth and building robust performance cultures. His capability to align teams and his commitment to delivering exceptional customer value will certainly bolster our leadership team." His powerful background is seen as a key asset that will help steer Bluware toward future successes.

Herman Nieuwoudt's Impressive Background

Before joining Bluware, Nieuwoudt built a remarkable career at Baker Hughes, where he worked for nearly two decades. His extensive experience spans across various leadership roles on three different continents, culminating in his recent position as Vice President for Saudi Arabia. Additionally, he served as the Vice President for Sub Sahara Africa and held the role of executive technology director for global wireline services.

Bringing Innovative Solutions to the Forefront

At CMG, Nieuwoudt will collaborate closely with Pramod Jain, focusing on expanding Bluware's innovative offerings. The company is well-known for its VDS™ (Volume Data Storage) format that effectively compresses raw and interpreted seismic data. This technology enables easy access to data, making it not only adaptable but also scalable for various applications.

Transforming Seismic Interpretation with Technology

One of the standout products of Bluware is InteractivAI™, a cloud-native software solution that utilizes VDS™ technology. This groundbreaking tool significantly reduces the time required for seismic fault interpretation, transforming what usually takes months into mere days. By blending expert user insights with advanced deep learning techniques, InteractivAI™ represents the forefront of innovation in the energy sector.

Educational Credentials Support Leadership Role

Nieuwoudt's solid educational background complements his professional achievements; he holds a Bachelor of Science with Honors in Petroleum Geology from Stellenbosch University. His academic foundation, combined with practical experience, equips him to lead Bluware effectively amidst rapidly advancing technological landscapes.

About Computer Modelling Group Ltd.

CMG is recognized as a global software and consulting firm that combines cutting-edge science and technology with deep industry knowledge. The company tackles complex surface and subsurface challenges faced by the new energy sector globally. CMG is headquartered in Calgary, Alberta, and prides itself on a diverse international presence, with offices in numerous cities including Houston, Dubai, and Rio de Janeiro.

Investor and Media Inquiries

For any investor-related inquiries, please reach out to Kim MacEachern, the Director of Investor Relations, at cmg-investors@cmgl.ca. For media inquiries, contact marketing@cmgl.ca. These contacts ensure that all stakeholders stay informed and connected as CMG continues to make strides in the industry.

Frequently Asked Questions

1. Who has been appointed as the new President of Bluware?

Herman Nieuwoudt has recently been appointed as the President of Bluware.

2. What notable skills does Herman Nieuwoudt bring to CMG?

Herman brings extensive experience in driving growth, building performance cultures, and aligning teams effectively.

3. What technology does Bluware specialize in?

Bluware specializes in seismic data solutions, particularly through its proprietary VDS™ format and the InteractivAI™ software.

4. What is the significance of the VDS™ technology?

The VDS™ technology allows for the efficient storage and retrieval of seismic data, optimizing workflows and enabling scalability.

5. How can investors and media reach out to CMG?

Investors can contact Kim MacEachern at cmg-investors@cmgl.ca, and media inquiries can be directed to marketing@cmgl.ca.

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