Houston, TX (PRWeb), December 10, 2013 – LiquidFrameworks is excited to announce the raising of expansion capital to fuel company growth and the continued advancement of the FieldFX product suite to meet both existing customer and expanding market needs. The increased demand among oilfield, industrial, and environmental services companies for mobile field operations management software has put LiquidFrameworks in a position for rapid, continued growth. After a productive year that has included the doubling of both sales and services teams as well as the launch of FieldFX on the Salesforce AppExchange, LiquidFrameworks is poised for significant growth with this infusion of capital.
“We are excited to announce that we have raised expansion capital in a financing round lead by Houston Ventures and inclusive of several new private investors. This capital is a testament to the success of LiquidFrameworks in 2013, and the significant strides we have made in the FieldFX product suite,” said LiquidFrameworks President and CEO, Trent Derr. “This has been a landmark year for LiquidFrameworks with significant additions to our customer base and our customer facing team, and improvements to our product suite, including the launch of FieldFX on the Salesforce Platform. These achievements were only possible through enabling our customers’ ability to make hard dollar improvements in their businesses through reduced revenue leakage and reduced days sales outstanding, along with improved equipment and personnel utilization.”
“Our investment in LiquidFrameworks is a culmination of years of investing in process improvement software. We have invested in and sold technologies to some of the largest software companies in existence and believe LiquidFrameworks will emerge clearly as the industry leader. LiquidFrameworks’ extremely deep domain expertise in the energy industry combined with the Salesforce Platform creates significant advantages in this high-growth area of operational improvement," said Jim Newell, a Managing Partner of Houston Ventures. With this financing, Mr. Newell joins the LiquidFrameworks Board of Directors alongside Chip Davis, also a Managing Partner of Houston Ventures.
The LiquidFrameworks FieldFX solution is a cloud-based mobile field operations software suite designed to manage contracts, quotes, equipment, jobs and field tickets along with customer-specific electronic forms such as safety incidents, inspections and other operational data reports. FieldFX was designed with field personnel in mind in order to increase usability and, therefore, make the implementation more successful.
To learn more about FieldFX and how operations management solutions can add value to your oilfield, industrial or environmental service company visit www.liquidframeworks.com.
LiquidFrameworks is a leading provider of cloud-based mobile field operations management solutions serving the oil and gas, industrial, and environmental service industries. LiquidFrameworks’ FieldFX solution provides companies with numerous benefits, including increased and accelerated revenue capture, increased cash flow, improved contract compliance, increased invoice accuracy and improved customer responsiveness. LiquidFrameworks is based in Houston, Texas.
About Houston Ventures
Houston Ventures is a Houston-based investment firm focused on the Energy sector. The firm focuses on technology opportunities that solve operational problems in the energy and power industries. These technologies often are used in other industries to drive incremental revenue or deliver cost reductions, but have not made the transition to the energy and power sectors. More information may be found at www.houven.com.
Media Contact (LiquidFrameworks)
Media Contact (Houston Ventures)
Charles L. (Chip) Davis