LiquidFrameworks Raises Growth Capital
HOUSTON, TX, Provider of mobile field operations management solutions to companies in the oil field services, industrial services and energy supply chain, raised additional growth capital from Houston Ventures and Redhouse Associates.
LiquidFrameworks, Inc., a leading provider of mobile field operations management solutions to companies in the oil field services, industrial services and energy supply chain, announced today that it has expanded its management team through the addition of Trent Derr as President and CEO and Dave Levitt as Worldwide Vice President of Sales. This expansion of the management team occurred concurrently with LiquidFrameworks' raising additional growth capital from Houston Ventures and Redhouse Associates.
Mr. Derr has held leadership roles in the software and technology industries for more than 25 years. Mr. Derr was President and CEO of Syntex Management Systems, an Operational Risk Management software company, where he successfully grew the company's dominant market share in the energy and chemical verticals. Syntex was acquired by IHS (NYSE: IHS) in the fall of 2010. Prior to Syntex, Mr. Derr was Chief Operating Officer for P2 Energy Solutions, a leading technology provider to upstream energy companies. He was Chief Operating Officer and Co-Founder of Novoforum, a supply chain integration company providing software as a service (SaaS) solutions to energy and chemical companies. In addition, Mr. Derr has held senior positions with SAP, Oracle, Software 2000, and PriceWaterhouse. Mr. Derr said "I'm excited to join the LiquidFrameworks team. Our solution, FieldFX, is unique in that it was designed with our customers from the ground up to fit the needs of the mobile field workforce. By enabling improved business processes and responsiveness between energy and industrial service providers and their end customers, we enable our customers to capture more business, increase operational performance and the improve efficiency and effectiveness of their field personnel's day to day interactions."
Mr. Levitt comes to LiquidFrameworks from Salesforce.com, where he spent the past four years developing and managing the company's Energy Region. Previously, Mr. Levitt spent eighteen years selling enterprise software solutions for SAP, Siebel (since acquired by Oracle) and Datalogix (since acquired by Oracle) into the Energy market. Mr. Levitt said, "I believe that LiquidFrameworks is perfectly positioned for explosive growth, and I am excited to help drive revenue growth for the company and thought leadership for this market segment."
Travis Parigi, LiquidFrameworks Founder and Chief Operating Officer, said "Completing the investment round with Houston Ventures enables LiquidFrameworks to significantly accelerate our growth strategy and, ultimately, provide an expanded product suite to the market. Houston Ventures brings operational expertise specifically centered around cloud-based business information software within the industries that we specialize." In his new role as COO, Mr. Parigi will continue to drive engineering and increase customer adoption of the product. "Trent is a welcome addition to the management team as CEO. I'm excited to have the opportunity to spend more time with our customers and our engineering team to see the long-term vision for the FieldFX product suite achieved."
About LiquidFrameworks, Inc.
LiquidFrameworks is a leading provider of cloud-based mobile field operations management solutions to the oil field services, industrial services and energy industries. Companies that deploy the FieldFX product suite realize numerous benefits including improved integration and responsiveness with customers, increased revenue capture, increased cash flow, improved contract compliance and increased invoice accuracy. FieldFX allows companies to manage contracts, quotes, equipment, jobs and field tickets along with customer-specific electronic forms such as safety incidents, inspections and other operational data reports. LiquidFrameworks is based in Houston, Texas. For more information, please visit http://www.liquidframeworks.com.
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