Technical Toolboxes Merges with Energy Industry Consulting & Engineers

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Technical Toolboxes Inc. announced the merger with Energy Industry Consulting & Engineers (EICE). The merger with Technical Toolboxes allows EICE to accelerate development and commercialization of the Petroleum skyBox, the first Cloud based collaborative suite of software tools providing powerful modeling and complex analysis for the energy industry. The recent downturn in oil prices “may have been a blessing rather than a dark cloud,” said Dr. Kunal Dutta-Roy, EICE president and CEO. “The downturn forced us to redeploy our manpower resources to develop advanced technical software applications that can optimize oilfield assets.”
  The combined strengths of Technical Toolboxes marketing, sales and installed customer base, together with the engineering and technical expertise EICE provides, will allow the merged companies to rapidly bring new innovative skyBox products to the oil & gas industry. The merged companies will move forward under the industry recognized “Technical Toolbox Inc.” banner. The merger is expected to be completed early first quarter 2016.