Cortex Business Solutions and Spira Data Corp. (both of Calgary) have teamed to market an ‘open,’ industry-wide solution for e-commerce in oil and gas. The deal combines Spira’s field ticketing solutions with Cortex’s service for the secure electronic exchange of business critical documents. The new solution captures and translates field tickets, invoices and purchase orders electronically from Spira’s system and delivers them any company on the Cortex network.
Ryan Lailey, VP Business Development at Cortex, said, ‘Cortex and Spira share the same target markets. By jointly marketing a complete solution, we provide a seamless system that automates processes from field to payment.’ Spira’s flagship Wireless Field Ticketing solution automates data flows from field to head office, supporting the capture and transfer of operational and financial oil field data including expenses, equipment, materials, and billing.
$5 million offering
In a separate announcement, Cortex has commissioned Standard Securities Capital to sell up to 25,000,000 units of the company for gross proceeds of up to $5 million CDN. Proceeds will be used for general working capital and expansion of its sales and delivery organizations.
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