Ft. Worth, TX (PRWEB) February 19, 2014
ETRM Software provider, CarbonTrade, announced today that the company has closed a new financing round; the second in the firm's three year history. The financing will be provided by North Bay Energy, a leading natural gas marketing company based in Traverse City, Michigan, and also one of CarbonTrade’s first ETRM software clients.
"I have been a huge proponent of CarbonTrade’s ETRM solution from day one; their ETRM solution is an incredibly well-designed and extremely user-friendly system that has served us well and exceeded our expectations for over two years now. I know that with additional resources, CarbonTrade will be the go-to solution for small to mid-sized energy-marketing teams," said Thad Shumway, President, North Bay Energy.
"I am very excited regarding North Bay’s commitment to CarbonTrade and the great successes that they have had with our ETRM solution. We are delighted to extend our relationship with Thad and the North Bay team and look forward to a successful partnership. I am confident that with this capital infusion, CarbonTrade can accelerate growth and connect with a larger number of potential customers," said CarbonTrade Founder, Shawn Wegner.
CarbonTrade plans to use the new funding to hire key personnel and expand upon their sales and marketing efforts. As part of the agreement, Thad Shumway, President, North Bay Energy, will join CarbonTrade's Board of Directors.
About CarbonTrade - Based in Fort Worth, Texas, CarbonTrade is an energy software company specializing in natural gas energy trading and risk management (ETRM) software and services for the small to medium-sized oil & gas energy marketing business. Staffed by experts with years of dedicated, industry-specific experience and software and services expertise, CarbonTrade delivers innovative solutions that provide greater insight and control across natural gas and crude oil commodities. Our ETRM suite, Inter.Connect, is an essential element in risk management, transactional strategies and administration pertaining to natural gas and crude oil trading. Built upon the latest frameworks available, the Inter.Connect system provides your company with a complete set of solutions to increase efficiency and effectiveness while realizing a fast return on your investment.