“This new CTO role allows him to be more instrumental in fulfilling Oildex’s vision to connect and automate the supply chain within oil and gas by providing unique customized solutions," said Slack.
Denver, CO (PRWEB) September 14, 2015
Oildex, a service of Transzap, Inc., (“Oildex”), the largest cloud-based financial supply chain automation solution in the oil and gas industry, today announced the promotion of Michael Weiss to the newly created position of chief technology officer (CTO). Weiss previously served as senior vice president, products and technology at Oildex. As the company’s first CTO, Weiss’ responsibilities will expand to include the following key areas: software engineering, quality assurance, technical operations, development operations, database administration and product management. He will continue to report to Oildex President and CEO, Richard Slack.
“With our recent acquisition, it became evident that we needed someone like Mike to lead our efforts to continually scale and innovate,” said Slack. “This new CTO role allows him to be more instrumental in fulfilling Oildex’s vision to connect and automate the supply chain within oil and gas by providing unique customized solutions.”
Weiss has worked for more than 30 years in the oil and gas, software engineering and high tech indus-tries. In particular, he has significant experience in building and managing high performance technology teams, both in his previous roles at Halliburton/Landmark, as well as with smaller, more entrepreneurial companies including Oildex. At Halliburton/Landmark, Weiss managed a global development team of approximately 200 software engineers involved in creating and maintaining nearly 80 different products that generated over $200M of product revenue each year. Since then, Weiss has played key roles in smaller oil and gas technology companies — primarily within the enterprise resource planning and sup-ply chain automation space.
“I have worked for all different sized companies, but what I really like about Oildex is the pace and the ability to innovate quickly,” said Weiss. “I’m excited about the technology we are continually develop-ing here and I’m proud to be part of the team.”
Weiss has worked as part of the Oildex team since 2012. He is also involved with the oil and gas indus-try outside of Oildex as an executive-at-large at PIDX International one of the oil and gas industry’s largest associations. He earned an Associate of Science in Mechanical Engineering and a Bachelor of Science in Computer Science from the State University of New York.
Oildex provides a complete, broad B2B automation offering for oil and gas companies. Services include: digital and scanned invoice processing (SpendworksTM and OpenInvoiceTM), owner relations web portals (Owner Relations ConnectTM), royalty check stub detail and reporting (CDEX), joint interest bill pro-cessing (JIB), crude oil data exchange (CODE), gas plant document exchange (GPEX), production and sales volume reporting and much more. Oildex is a privately held company backed by Accel-KKR and is headquartered in Denver, Colorado with offices in Houston, TX and Calgary, Canada. For a full view of Oildex offerings visit http://www.oildex.com.