Weatherford Announces a Strategic Agreement with Amazon Web Services to Accelerate Digital Transformation and Enhance Operational Efficiency | WFRD Stock News

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May 13, 2025
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  • Weatherford International (WFRD, Financial) partners with Amazon Web Services (AWS) to accelerate digital transformation.
  • The collaboration focuses on enhancing Weatherford's software suite, including the Modern Edge Platform and Unified Data Model.
  • Weatherford aims to leverage AWS's cloud capabilities to modernize customer operations and enhance data analysis.

Weatherford International (NASDAQ: WFRD) has entered a strategic partnership with Amazon Web Services (AWS) to enhance digital transformation efforts within the energy sector. AWS has been selected as Weatherford's preferred cloud provider, assisting in the migration and modernization of the company's software and hardware suite.

This collaboration will target key areas, including the integration of the Modern Edge Platform with Weatherford's CygNet control system, enhancement of the Unified Data Model for multi-asset data analysis, and improvement of the WFRD Software Launchpad for customer application management.

By adopting AWS's cloud infrastructure, Weatherford aims to help its customers modernize operations, reduce complexity, and gain greater decision-making autonomy while maintaining full control over their data. This partnership underscores Weatherford's commitment to leveraging cloud technology to optimize energy operations through improved scalability and integration.

Girish Saligram, CEO of Weatherford, noted the importance of delivering innovative solutions that drive efficiency and innovation for customers, emphasizing the role of AWS's cloud services in achieving these goals. Howard Gefen from AWS highlighted the enhancements in Weatherford’s ability to deliver operational solutions by utilizing the scalable cloud infrastructure.

With this strategic agreement, Weatherford is set to transform its digital capabilities, positioning itself as a leader in energy services through enhanced technological infrastructure and data-driven insights.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.