SOURCE: Adapx

Adapx

April 11, 2013 08:00 ET

Adapx Completes New Round of Funding to Fuel Capturx Solutions for Oil & Gas

SEATTLE, WA--(Marketwired - Apr 11, 2013) - Adapx today announced that it has completed $3 million in additional funding to continue the fast growth and adoption of Capturx data capture solutions in mobile worker industries such as Oil & Gas. All of the existing Adapx venture capital investors -- OVP Venture Partners, Paladin Capital Group, Pelion Ventures, and Northwest Tech Ventures -- participated in the new round.

Oil & Gas leaders such as Kinder Morgan, Chevron, and Finning rely on Capturx to get instant access to data in the field captured on tablets or on paper using digital pens. Adapx has become a recognized leader in the Oil & Gas industry with such recent honors as winning the NACE "Corrosion Innovation of the Year Award" for improving Pipeline Integrity Assessments and invitations to make formal presentations at such leading industry events as the Gas & Oil Expo and the Oil & Gas Asset Integrity Management Conference.

With Capturx Oil & Gas Solutions, integrity teams can automate their field data capture and get instant visibility to data collected in the field using tablets or digital pens and standard paper forms without the costs and delays of paper handling and transcription. Data recorded by pen or tablet on custom forms can be instantly sent back to HQ for immediate analysis, action, and documentation for compliance.

"Oil & Gas teams need fast and reliable ways to capture and share data from the field," said Ken Schneider, CEO of Adapx. "They join other customers worldwide using Capturx to document a range of processes from health assessments to delivery of food aid in Africa."

Learn more online: http://www.adapx.com/solutions/oil-gas

About Adapx:
Capturx Software from Adapx speeds data capture and collaboration by turning natural speech, sketch, and handwriting into actionable data in Microsoft Office, SharePoint, CRM, ERP, GIS, C2, C4ISR systems and many other back-end systems. By simply speaking and writing, teams get instant access to structured data collected on paper, touchscreens, mobile devices, and wall displays. A range of enterprises and agencies speed workflows and reduce risk by using Capturx to bypass data transcription from paper and cumbersome keyboard- and menu-driven interfaces. Adapx has strategic relationships with Microsoft, ESRI, In-Q-Tel, and works with standard digital pen technology from Anoto.

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