Oildex Named 2015 Finalist at Colorado Technology Association APEX Awards

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Oildex nominated in the Project of the Year category for the successful acquisition of its main competition

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We are honored to be recognized by the Colorado Technology Association as an innovative market leader that delivers best-of-breed technology solutions to our customers.-- Richard Slack, president and CEO of Oildex.

Oildex, a service of Transzap, Inc. (“Oildex”) and the largest cloud-based financial supply chain automation solution in the oil and gas industry, is proud to announce it was named as a finalist for the Colorado Technology Association APEX Awards. Oildex was nominated in the Project of the Year category for the successful acquisition of its main competition — international giant Automated Data Processing’s (ADP’s) Procure-to-Pay (P2P) business and its OpenInvoice product.

The annual Colorado Technology Association APEX Awards recognize and celebrate the year’s out-standing innovators and leaders who have contributed to the success of Colorado’s technology sector.

“Oildex is a dynamic company that harnesses technology to connect the oil and gas industry,” explained Richard Slack, president and CEO of Oildex. “We are honored to be recognized by the Colorado Technology Association as an innovative market leader that delivers best-of-breed technology solutions to our customers.”

This year over 70 companies and individuals were nominated for APEX awards in nine different categories. Nominees were judged by key thought leaders in the Colorado technology community who have expertise related to the categories they are judging. Oildex was nominated for a project implemented by an innovative IT department that achieved successful and measurable results. Nominees were judged on the following criteria: achievement, leadership, perseverance, integrity, community and global influence, innovation and vision, financial performance, and culture and corporate responsibility.

With the acquisition of ADP’s P2P business in June 2015, Denver-based Oildex became the undisputed market leader. Together, Oildex and OpenInvoice provide an unrivaled and unique set of technologies to manage the financial supply chain and support financial documents and transactions including invoices, payments, royalty check stubs, joint interest bills, run tickets, gas plant documents and more. Customers can now work with a single technology provider that has an adaptable technology backbone for all data types and formats supporting complex industries, particularly in the oil and gas market. Oildex’s veteran executive team flawlessly managed the transition to the new Oildex and executed a plan resulting in minimal disruption to customers.

About Oildex
Oildex provides a complete, broad B2B automation offering for oil and gas companies. Services include: digital and scanned invoice processing (Spendworks™ and OpenInvoice™), owner relations web portals (Owner Relations Connect™), royalty check stub detail and reporting (CDEX), joint interest bill processing (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.

About Colorado Technology Association
The Colorado Technology Association (CTA) leads the network of companies and professionals fueling Colorado's economy, through technology. Since 1994, the association has represented Colorado’s technology industry, one of the fastest growing industries in the state. The CTA leads an inclusive network that benefits our member community, advocates for a pro-business and technology-friendly climate, influences the development of a robust talent pipeline and leads initiatives to help companies grow. For more information on Colorado Technology Association, please call 303.592.4070 or visit ColoradoTechnology.org.

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Julie Croce
@Oildex
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