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Issue 2, Volume 9, 2012
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Author Ted Moon
With his training in electrical engineering as a foundation, Eldad Weiss, Chief Executive Officer of Paradigm, has taken a methodical, logical approach to growing his business from a niche provider of graphical imaging software to a global provider of exploration and production (E&P) data management solutions.
Under the leadership of Eldad Weiss, Paradigm has grown to become the world’s largest transnational technology company focused on developing and deploying software for all stages of the oil and gas industry’s E&P processes. However, it may surprise some to know that Paradigm’s beginnings in the 1980s were not tied strictly to the oil and gas industry, but instead to the larger arenas of image processing and the graphic arts. “We were a division of Scitex, a company that pioneered the development of technology advances for prepress software, which was the forbearer of the image and page-editing software that is available nowadays,” says Eldad. “Many major periodicals were using this software, and still are today, with the goal of creating better, sharper images.” Eldad was still at university studying electrical engineering when he went to work in the prepress industry, and he helped his company find other application areas for their technology. “We started in the textile- and rug-making arena, in which we were tasked with figuring out how to take a design created on paper and convert it digitally into something that could be woven into rugs,” he says. “We also worked with the printed-circuit board industry, investigating how to create and optimize the process of making printed circuit boards for various electronics applications.” But it was mapping that opened the pathway into oil and gas. “We were providing technology - software, hardware and plotters - to help mapmakers print higher quality maps. We realized that it was a pretty natural transition to the exploration segment of the oil and gas industry, which at the time was challenged with producing higher-resolution, 2D seismic plots on paper,” Eldad says.