MEXICO CITY, June 25 Mexican billionaire Carlos
Slim and former U.S. Vice President Dick Cheney have invested in
Texas-based oil and gas software developer WellAware, the
company said in a statement on Wednesday.
WellAware's software allows oil and gas companies to track
wells and pipelines remotely and collates data for making
Cheney, who is already a WellAware board member, and Slim,
who led the $37 million funding round along with Activant
Capital Group, have invested in the company alongside Ed
Whitacre, the former AT&T and General Motors chief
who is also a board member.
Slim spokesman Arturo Elias Ayub confirmed that Slim had
invested in the company but declined to say how much.
Slim has been ramping up his oil-related business as Mexico
opens up its oil and gas industry, ending a 75-year monopoly
held by state oil company Pemex.
Dick Cheney could not be immediately reached for comment.
(Reporting by Christine Murray; Editing by Diane Craft)