IQ Logic Wins Over Texas Coast Energy With MDS Technology Optimization & Profit Recovery

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IQ Logic®, an IT Profit Recovery and Managed Document Services company based in Irvine, CA announced today the successful implementation of digital and paper workflows process improvements for Texas Coastal Energy Company, LLC, an Irving, TX domestic energy explorer and producer of natural gas.

IT Profit Recovery Consulting firm with a focus on Managed Document Services

IQ Logic wins clients because we expose the hidden costs of document management and deliver increased efficiency and significant cost savings.

IQ Logic®, an IT Profit Recovery and Managed Document Services company based in Irvine, CA announced today the successful implementation of digital and paper workflows process improvements for Texas Coastal Energy Company, LLC, an Irving, TX domestic energy explorer and producer of natural gas.

“Texas Coastal Energy Company utilizes technology to optimize our production expenses in bringing new wells online. We wanted to optimize all business operations, including measuring and monitoring the true costs of creating and sharing documents. That’s why we hired the experts at IQ Logic for our document management and enablement initiative,” said Jeff Gordon, President and CEO of Texas Coastal Energy Company, LLC.

Frank Mendicina, President of IQ Logic added “Our vision is to create short and long-term roadmaps for companies transitioning into the digital office, bringing them into the new age of technology. By delivering ‘manufacturer-neutral’ and cost-effective pathways to change, we help our clients achieve optimized, sustainable and eco-friendly document management. This results in significant reduction in printing, the need for on-site equipment and related costs.”

“In addition to our goal of a substantial and sustainable reduction of costs, IQ Logic’s consultative service helped us achieve increased productivity through improvements in workflow, as well as document security enhancements,” added Mr. Gordon.

Texas Coastal Energy joins other large enterprise corporations and hospitals as clients of IQ Logic. Widely heralded for its proprietary IQ Assessment®, IQ Logic’s In-depth and Quantifiable assessment process integrates workflow, printer/copier utilization, and change management to optimize solutions specifically customized for each client.

“We are honored to have Texas Coastal Energy Company as a client. We’ve found that the IQ Logic team is chosen over the competition because we expose the hidden costs and efficiencies of document management in organizations. By utilizing a true consultative partnership to our clients' needs (print usage, corporate culture and compliance), we are able to provide a smooth transition to increased efficiency and significant cost savings,” added Mr. Mendicina.

ABOUT IQ LOGIC
IQ Logic, an IT Profit Recovery Consulting company, provides in-depth “IQ Assessments” and a comprehensive strategy to optimize productivity and profitability for their clients. IQ Logic empowers clients by offering innovative best practices that improve business processes through the integration of digital and paper workflows. The company is part of The Lotus Innovations Fund portfolio.

ABOUT TEXAS COASTAL ENERGY
Texas Coastal Energy Company, LLC (TCEC) was founded in 2011 to bring together technology and experience to explore and produce oil and natural gas domestically. With over 70% of new oil and gas production coming from existing or proven oil fields, Texas Coastal Energy Company saw an opportunity to capitalize on the increase in energy demand and utilize new technology to optimize the production in new fields, thus decreasing expenses to bring new wells online. For more information visit http://www.texascoastal.com

ABOUT THE LOTUS INNOVATIONS FUND
The Lotus Innovations Fund, located in Irvine, California, is a private equity fund focused on transforming Enterprise I.T. Professional Services companies into SaaS-based companies. By operationalizing a repeatable process with Lotus Innovations’ proprietary methodology and embedded management, the fund creates a new paradigm that accelerates growth and valuations.

The innovative approach to investments in early stage Enterprise I.T. Professional Services companies and subsequent transformation into SaaS companies creates a systematic deal flow for other private equity firms and strategic alliance partners as each portfolio company is exited by Lotus Innovations.

The innovative approach to investments in early stage Enterprise I.T. Services companies and subsequent transformation into SaaS companies creates a systematic deal flow for other private equity firms and strategic alliance partners as each portfolio company is exited by Lotus Innovations.

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Linda Ritchie
IQ Logic
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