VC_Software_Wellogix01

S_Wellogix

Company: Wellogix
Industry: Software and business services
Investors: Accenture Technology Ventures, Battery Ventures, The Beacon Group, Burlington Resources, SCF Partners, TechQuest Capital Partners, Weatherford International and RMG.

Wellogix delivers innovative workflow solutions.
Formed in 1998 and based in Houston, the energy capital of the world, Wellogix is led by an experienced executive team who truly understands the issues and challenges faced by energy companies and their service providers. At a time of increasing focus on business controls and compliance and against a background of continued cost consciousness, more and more companies are looking to improve critical business processes.

Wellogix’s Complex Services Management (CSM) suite has been designed to address the needs of oil and gas companies who desire to improve their business processes relating to the planning, procurement and payment of complex oil field services. The Wellogix CSM delivers a complete,, end-to-end solution that helps company engineers to collaboratively plan and specify complex services with their service providers, to automatically reconcile field-tickets and invoices, and to enforce compliance with preferred service providers’ contracts.

The company also enjoys strong relationships with leading global providers of technology and professional services, including SAP with whom the company has developed and is marketing a joint industry solution for upstream oil and gas services procurement.