Denver-based TransZap (TZ) is an application service provider (ASP) and enterprise application integrator providing B2B e-commerce infrastructure to the oil industry. TZ’s flagship product, XML-based Oildex Connect, automates oil industry B2B workflows and delivers secure Internet transactions. Oildex Connect connects and interoperates with popular oil industry back office systems via the PetroXML standard.
TransZap has acquired Petrolis of Oakland, Calif. The Petrolis configurable exchange systems integrate ‘next-generation’ enterprise resource planning applications (ERP) and Internet and client-server products with legacy standards such as Electronic Data Interchange (EDI). Petrolis products will be integrated with TransZap’s Oildex Connect solutions.
Peter Flanagan, President of TransZap, said : "Petrolis’ focus on revenue transactions dovetails perfectly with our first product release, InvoiceConnect." Petrolis customers include ExxonMobil, Anadarko Petroleum Questar, FINA, Oxxy and Pioneer, Bank of America, Bank One, Bank of Oklahoma, Hibernia National
Petrolis president Curt Edmondson added "PetroXML is the leader in XML technology for the petroleum industry. Our joining forces will allow over 10,000 oil and gas operators to make payments electronically to over 4.5 million royalty owners." Edmondson is to join TransZap’s management team. More from www.transzap.com.
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