Oildex Announces New Chief Financial Officer

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Oildex, a service of Transzap, Inc. (“Oildex”), is pleased to announce that Marc Arseneau has joined the company as Chief Financial Officer.

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“I am excited to join Oildex, a company that is well positioned to leverage its market leading position by continuing to offer solutions that solve some of today’s most vexing procure-to-pay processing problems,” said Mr. Arseneau.

Oildex, a service of Transzap, Inc. (“Oildex”), is pleased to announce that Marc Arseneau has joined the company as Chief Financial Officer.

Richard Slack, Oildex President and CEO, stated, “I am pleased to welcome Marc to our team. He is a hands-on executive with proven experience in applying both strategic and operational skills to help companies drive growth. Furthermore, he is a strong leader with demonstrated ability to maximize results through the development, implementation, and measurement of actionable financial and operational plans.”

“I am excited to join Oildex, a company that is well positioned to leverage its market leading position by continuing to offer solutions that solve some of today’s most vexing procure-to-pay processing problems,” said Mr. Arseneau. “I look forward to applying my background and experiences to help Oildex maximize its value.”

Mr. Arseneau brings over 25 years of senior leadership experience in strategic and operational finance within the software and technology services industries. Most recently, Mr. Arseneau was CFO of Revana, a subsidiary of public global customer experience company, TeleTech. Prior to TeleTech, Mr. Arseneau held a number of senior positions at TriZetto, Microsoft, and Cap Gemini. At Oildex, Mr. Arseneau will be leading the finance, treasury, accounting, human resources, and legal teams. Mr. Arseneau holds a Bachelor of Science in Finance and International Business from Northeastern University in Boston, Massachusetts.

About Oildex
Oildex transforms the way oil and gas companies manage their financial operations. As the market leader and innovator of cloud-based solutions for financial supply chain automation, Oildex provides functionality that is built for the industry, eliminates paper-based processes, and provides analytics for greater financial insight. The Oildex technology platform includes: digital and scanned invoice processing (SpendworksTM and OpenInvoiceTM), owner relations web portals (Owner Relations), 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. Learn more about Oildex at http://www.oildex.com.

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Courtney Cook
@Oildex
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