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Electrifying the Energy Market with e-Sourcing: Pace, Procurex Form Strategic Alliance to Deliver Energy e-Procurement Solution

December 1, 2009

WASHINGTON, Dec. 1 /PRNewswire/ — Pace Global Energy Services, LLC (“Pace”) and Procurex, Inc. (“Procurex”) have formed a strategic alliance that leverages technology and transparency in the energy procurement process. The Procurex energy trading platform will be incorporated into the Pace Energy Zone(R) energy management system, providing the most effective and efficient path to competitive market pricing and cost control. As a result, stakeholders are better informed to capitalize on the price compression opportunities presented by energy market deregulation.

“The Procurex state-of-the-art procurement platform delivers a proven e-procurement technology for [Pace] energy buyers to increase supplier participation and reduce energy costs through traditional blind bid and reverse auction purchasing strategies. Technology is fast-improving the efficiency and effectiveness of the procurement process, and we believe the integration of our strategic insights and the right procurement technology will enhance the value delivered to our energy network,” explains Gregg Shively, Executive Director – Energy Management Services at Pace.

Bret Grady, Chief Executive Officer of Procurex, added, “The power of an integrated energy procurement solution provided by Procurex’s partnership with Pace leads to a new industry standard in energy procurement. Our process brings full transparency to clients who are facing ever-increasing challenges in the fast-moving energy management space, making the entire procurement process more efficient, which leads to better pricing and visibility for our customers.”

About Pace:

For over 30 years, Pace has pioneered energy and carbon management services that provide strategic direction to industrial, manufacturing, large commercial companies as well as public and institutional entities. The e-procurement platform will be integrated into the Energy Zone(R) energy management system, which also includes bill auditing, payment, contract management and risk management modules as well as a cutting-edge metrics and reporting engine. Additionally, the enhanced Energy Zone(R) application is linked with Pace’s advanced carbon management and compliance module, ecolink(R). To learn more, visit http://www.paceglobal.com.

About Procurex, Inc.:

For the past 8 years, Procurex, Inc. has been empowering its clients with powerful, on-demand solutions that help streamline their purchasing process, leading to reduced costs and better supplier selection decisions. Procurex, Inc. offers a state-of-the art e-sourcing system, professional Purchasing expertise, and bid management services. To learn more, visit http://www.procurexinc.com


Contact:

Jack Herbert
Sr. Vice President
Pace Global Energy Services, LLC
Phone: +1 703 818 9100
Email: jack.herbert@paceglobal.com

Contact:

Michael MacKinnon
Vice President - Business Development
Procurex, Inc.
Phone: +1 814 806 1917
Email: mmackinnon@procurexinc.com

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.

SOURCE Pace Global Energy Services, LLC


Source: newswire



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