“We are honored to be named to the JMP Securities’ Hot 100,” said Matt Tormollen, president and CEO of FuelQuest.
Houston (PRWEB) February 17, 2011
FuelQuest Inc., the leading on-demand software and services company for the global downstream energy industry, announced its inclusion in JMP Securities 2011 report, “Hot 100: The Best Privately Held Software Companies.” JMP Securities is a San Francisco based, full-service investment bank that provides equity research, institutional brokerage, and investment banking services to public and private growth companies and their investors. FuelQuest was the only company selected this year that focuses on the downstream petroleum market.
“We are honored to be named to the JMP Securities’ Hot 100,” said Matt Tormollen, president and CEO of FuelQuest, “Last year was a record growth year for FuelQuest, and we expect to see even stronger demand for our fuel supply chain optimization and energy tax compliance solutions in 2011. Our market leadership is a direct result of our focus on driving customer value, investment in product innovation, and the expertise of our team.”
The report profiles 100 of the leading private companies in the software industry as identified by the JMP software research team. JMP evaluates multiple criteria including financials, products and services, leadership, customers, and market potential. Only software companies that demonstrate excellence in their respective areas make the Hot 100 list.
The following highlight some of the milestones achieved by FuelQuest that contributed to this honor:
- Breaking the 17 billion gallon fuel mark representing annualized gallons managed within our fuel network,
- Achieving 400% CAGR in active gallons under management over the past three years with Fuel Center®, FuelQuest’s outsourced fuel management service, and
- Providing industry-leading Zytax tax automation solutions now available as a SaaS (Software as a Service) offering.
FuelQuest continues its commitment to develop best-in-class solutions that optimize strategic and logistical planning, supply portfolios, and operations for energy supply chain participants including fuel retailers, distributors, suppliers, fleet, rail, airlines, governmental agencies, and traders. Additionally, FuelQuest helps companies and organizations achieve business and regulatory – both environmental and tax – compliance through automation. FuelQuest expects continued growth and expanding marketing share within the global downstream energy market in 2011.
FuelQuest, Inc. provides on-demand, web-based supply chain management and tax automation software and services for fuel suppliers, distributors and buyers in global downstream energy. Our Fuel Management System (FMS) automates all aspects of the fuel management process from procurement, inventory management, demand forecasting, strategic sourcing and financial reconciliation to margin analysis and environmental compliance monitoring. The FMS solution powers the largest fuel management network in North America. Zytax supplies strategic software automation solutions for indirect tax determination and excise motor fuels compliance for the energy industry. Learn more at http://www.fuelquest.com.