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HOUSTON -- FuelQuest Inc., a leading on-demand software and services company for the global downstream energy industry, has been included in JMP Securities 2011 report, "Hot 100: The Best Privately Held Software Companies," the company reported. JMP Securities is a San Francisco-based, full-service investment bank that provides equity research, institutional brokerage and investment banking services to public and private growth companies and their investors.
FuelQuest was the only company selected this year that focuses on the downstream petroleum market, the company reported.
"We are honored to be named to the JMP Securities' Hot 100," Matt Tormollen, president and CEO of FuelQuest said in a released statement. "Last year was a record growth year for FuelQuest, and we expect to see even stronger demand for our fuel supply chain optimization and energy tax compliance solutions in 2011. Our market leadership is a direct result of our focus on driving customer value, investment in product innovation, and the expertise of our team."
The report profiles 100 of the leading private companies in the software industry as identified by the JMP software research team. JMP evaluates multiple criteria including financials, products and services, leadership, customers, and market potential. Only software companies that demonstrate excellence in their respective areas make the Hot 100 list, the company reported.
The following highlight some of the milestones achieved by FuelQuest that contributed to this honor:
- Breaking the 17 billion gallon fuel mark representing annualized gallons managed within our fuel network,
- Achieving 400% CAGR in active gallons under management over the past three years with Fuel Center, FuelQuest's outsourced fuel management service, and
- Providing industry-leading Zytax tax automation solutions now available as a SaaS (Software as a Service) offering.