Oklahoma business briefs for April 3

Oklahoma business briefs for April 3, 2014
Oklahoman Published: April 3, 2014

Oklahoma briefs

4DSales receives

$500K in funding

Tulsa-based 4DSales has received $500,000 in funding, including $250,000 from the StartOK Accelerator Fund managed by i2E. The investment will be used to help 4DSales to develop enterprise and subscription-based versions of its application for Windows 8 and iPad tablets that allows users to showcase products through live-act videos, photos and documents. The program already is used by sales representatives from several Oklahoma-based and nation companies.

Canyon Creek acquires

$75 million investment

Tulsa-based oil and natural gas producer Canyon Creek Resources LLC said Wednesday it has received a $75 million investment from an affiliate of ArcLight Capital Partners LLC. Together, the two companies have formed Canyon Creek Energy Partners LLC, which will buy and develop oil and natural gas assets in the Mid-Continent. Canyon Creek will continue to be led by CEO R. Luke Essman and Executive Vice President and Chief Operating Officer Brett A. Bradford. “We are pleased to partner with ArcLight, whose strong financial support and energy industry expertise will be instrumental to our success,” Essman said. “We have formed an exceptional management team and ArcLight’s support will allow us to focus aggressively on our development strategies.”

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