ZenaTech Strengthens Oil and Gas Business with DaaS Acquisition

ZenaTech has entered the strengthened oil and gas market with its DaaS (Data-as-a-Service) business, thanks to higher oil prices. The company completed the acquisition of Velocity Geomatics in July 2026, marking its first focused on geomatics for environmental and regulatory compliance in the oil and gas industry.

Velocity operates from four offices across Alberta, British Columbia, and Saskatchewan, serving leading regional and international oil and gas producers. The move is expected to benefit from the current market conditions, where higher oil prices are providing a boost to the sector.