LiquidFrameworks, Inc., a Houston, TX-based provider of quote-to-cash and field ticketing software across Oilfield Services, Industrial Services, and Environmental Services industries, received a strategic growth investment from Luminate Capital Partners.
The amount of the deal was not disclosed.
Luminate purchased the majority control of LiquidFrameworks from Houston Ventures and other early investors, investing from its recently closed $425m Fund II. In conjunction with the investment, Hollie Haynes, Mark Pierce, and Sanjay Palakshappa from Luminate will join LiquidFrameworks’ Board of Directors.
The company will now continue to invest and develop product capabilities to better serve field services industries.
Led by Trent Derr, CEO, and Travis Parigi, COO, LiquidFrameworks provides cloud-based, mobile field operations management solutions serving the oilfield, industrial and environmental services industries. Its FieldFX® automates the “quote-to-cash” process representing the lifecycle of a job from origination to billing. The core module, FX E-ticketing, streamlines the workflow for the entire field ticketing process, allowing field service workers to process work orders even when servicing remote areas, without an Internet connection.
The company serves some of the largest field services organizations across the world across the energy supply chain, industrial services and environmental services.
FinSMEs
11/01/2019