By Houston Business Journal

TTI Exploration Inc. is changing its name to NEOS GeoSolutions Inc.

The Houston company said the name change represents its move to better brand itself as providing natural resource expertise to the onshore oil and gas and mining industries.

NEOS GeoSolutions is is backed by a group of investors including Goldman Sachs, Kleiner Perkins Caufield & Byers, and Passport Capital.

The company has gone through a transition, hiring Jim Hollis on as president and CEO at the beginning of 2010, and then Chris Friedmann as chief marketing officer last week.

⿿The name NEOS was chosen because it brings together two words of Greek origin that reflect the company⿿s vision for the future of natural resource exploration,⿝ Friedmann said in a statement. ⿿NEO means ⿿new⿿ or the re-interpretation of something that already exists. EOS is the goddess of the dawn, light, and illumination. We intend for NEOS to convey the dawn of a new era of exploration in which multiple geoscience datasets are interpreted in new ways to better illuminate the subsurface.⿝

Copyright 2011 American City Business Journals

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