The acquisition of eFueling Technologies supports our continuing commitment to growth in fleet fueling market. Randy Morgan, EVP of Comdata Fleet Division
Brentwood, Tenn. (PRWEB) January 06, 2014
Comdata Inc. has acquired eFueling Technologies, a wholly-owned subsidiary of Woodfin Oil Company. This acquisition allows Comdata to expand its product offerings in the unattended fueling market by combining eFueling’s and Comdata’s product knowledge and industry experience.
Comdata and eFueling partnered to develop a robust, web-based site controller system marketed as SmartSight. Launched in 2013, this system provides fuel merchants with real-time insight into transaction data and activity at unattended fueling sites.
“Comdata has been offering payment processing solutions to fuel merchants for more than 20 years, and we continue to provide tools and data to help our customers drive successful business operations,” said Randy Morgan, executive vice president of the fleet division at Comdata. “The acquisition of eFueling Technologies supports our continuing commitment to growth in fleet fueling market.”
“This is an exciting opportunity for eFueling to join a company that shares our passion for product quality and customer service,” said Jack Woodfin, President of Woodfin Oil Company. He added that the acquisition will take “the new standard in automated fuel management systems developed by eFueling Technologies over the past three years to a global audience. I am very proud of the entire eFueling Technologies team that has a developed a product that has far surpassed anything else in the unattended fuel management marketplace.”
Comdata Inc. is a leading business-to-business provider of innovative electronic payment solutions. As an issuer and a processor, the company provides fleet, corporate payment, healthcare, virtual card, and prepaid solutions to over 30,000 customers. Comdata’ s SVS division is a global gift card and loyalty innovator that manages over 600 million cards and processes over 1 billion transactions from over 45 countries and in 26 currencies worldwide every year. Founded in 1969 and headquartered in Brentwood, Tennessee with more than 1,200 employees globally, Comdata Inc. enables over $60 billion in payment volume annually.
About Woodfin Oil Company
Woodfin Oil Company (Woodfin Oil) is a midstream energy company offering a wide range of heating oil services and residential heating and cooling systems, including oil furnaces, indoor oil storage tanks, burners, boilers, water heaters and related products. The firm has leveraged success in the space to introduce a complete line of home maintenance and repair services. Woodfin also operates Pit Stop convenience stores, with sister companies providing the necessary plumbing and security services. Woodfin Oil is headquartered in Mechanicsville, Va.