Velentium Acquires Oasis Testing to Expand Capabilities in Energy and Manufacturing Sectors and Position Company for Future Growth
Firm’s acquisition underscores growth strategy and expands service offering in mechanical design leading into 2021
HOUSTON – January 5, 2021 – Velentium, a professional engineering firm that specializes in the design and manufacturing of therapeutic and diagnostic active medical devices for companies ranging from startups to Fortune 100s, announced today the acquisition of Oasis Testing, a Magnolia, Texas-based designer of automated test systems for the energy and manufacturing industries. Capping off a phenomenal year of growth in 2020, the strategic initiative will kickstart the company’s planned expansion in the new year.
“Despite the immense challenges facing the business community in 2020, last year was a monumental year of growth for our firm, and we’re pleased to start 2021 building upon our world-class team of technical experts,” said Dan Purvis, chief executive officer of Velentium. “Oasis Testing has been a trusted partner for the last five years and shares in our commitment to solving clients’ most complex challenges to change lives for a better world. We’re incredibly excited to welcome them to the Velentium family and expand our business more deeply into energy and manufacturing.”
“We admire and share Velentium’s approach to client service, company culture, and results-focused business strategy, and quickly recognized this would be an excellent fit for our team,” said Demetri White, co-founder at Oasis Testing. “From our years of partnership, we know that Oasis’ expertise in servicing the energy and manufacturing sectors goes hand-in-hand with their ability to provide innovative and world class solutions. Together, we will leverage knowledge across industries to bring mechanical, electrical and software-based solutions that benefit our client base.”
Moving forward, the companies will operate under the Velentium name with White assuming the role of Senior Program Manager, responsible for growing the testing business, serving the oil and gas industry’s need for high-pressure high-temperature (HPHT) test, as well as testing in the medical device sector. The expanded capabilities will build Velentium’s footprint in the following service areas:
- High-pressure and high-temperature test systems and automated monitoring for oil and gas, hydraulics, and pneumatics applications
- Medical manufacturing/testing, consumer manufacturing/testing, and smart industrial systems
- Testing client product to recognized industrial standards (API, ISO, ASTM, etc.)
- Rapid engineering and design
- Instrumentation, tubing bending, and installation for high- and low-pressure systems
- Maintenance and servicing for test systems and system components
- Technical training for testing services
In the coming months, Velentium plans on increasing its production space and headcount as it continues to place an emphasis on its testing and manufacturing capabilities. The company’s expansion will help support innovation and stateside manufacturing for industries central to the Greater Houston economy, such as energy and healthcare, and minimize transportation and distribution costs for local enterprises impacted by the global health pandemic. The automation capabilities of the combined team will lead to dramatic reductions in product test times and increased test system utilization.
2020 marked a historic year for Velentium, beginning with their role in the national COVID-19 rapid response effort, Project V. Additionally, the firm launched a new training and certification series, Mastering Embedded Cybersecurity, in response to mounting threats, as cybersecurity continues to play a larger role in medical device development. Velentium was also named one of America’s fastest-growing privately held companies in the 2020 Inc. 5000 list and recognized by the Houston Business Journal as a recipient of the 2020 Innovation Awards, Best Places to Work, and Fast 100 List.
About Velentium
Headquartered in Houston, Texas with operations globally, Velentium is a professional engineering firm that specializes in the design and manufacturing of therapeutic and diagnostic active medical devices for Fortune 100 companies and startups. The company offers world-class expertise in software, usability, cybersecurity, electrical and mechanical development for medical equipment. Velentium transforms IP into safe and secure products that will support healthcare professionals, patients and communities, and ultimately, change lives for a better world. For more information, visit www.velentium.com.
Media Contact: Victoria Cook, Pierpont Communications for Velentium, vcook@piercom.com, 713-627-2223