PRESS RELEASE:
SAN FRANCISCO–(BUSINESS WIRE)–July 27, 2016–
Trellis Energy, formerly a part of the global IT services and business consulting firm Blackstone Technology Group, today announced its launch as a separate corporate entity, wholly owned by Blackstone. The new firm will continue to provide the Trellis™ natural gas transaction management platform that manages energy transactions and automates critical processes in natural gas production, gathering, and various delivery from pipeline to storage and end users behind city gate including gas supply planning and optimization. In addition, the company will also absorb Blackstone’s Digital Services practice for the energy sector, in order to provide energy companies with software and services in the areas of Big Data Analytics, Mobile, Cybersecurity and the Grid of Things (GoT).
With more than 50 employees and offices in San Francisco, Houston, Denver and Washington D.C., Trellis Energy will continue providing an exceptional level of customer service to its current clients – which include some of the largest natural gas and electric companies in the U.S. – as well as to its future customers. Under the leadership of Rakesh Agrawal, the newly-appointed CEO and President, Trellis Energy will focus on serving energy companies in the areas of Gas, Liquids, Oil, and Electric with leading-edge software and services solutions including the company’s natural gas transaction management platform that enables energy companies to easily keep up with the highly dynamic market and regulatory changes.
“Traditionally, the natural gas industry has relied heavily on manual processes and spreadsheets, even as the adoption of technology has grown, leading to many ad hoc system implementations,” said Rakesh Agrawal, CEO, Trellis Energy. “With the Trellis platform, we offer true web-based, secure and completely automated and integrated software modules that manage business processes throughout the natural gas supply chain, in a single-platform. In using a software-as-a-service (SaaS) model, we allow energy companies the flexibility to choose either an on-premise or a hosted solution, based on their size, need and budget. We are very excited about this spin-off as this will allow us to serve our customers better and with additional software and services to further their leadership in their respective markets.”
“The reorganization and spin-off of Trellis Energy as a separate entity reflects Blackstone’s continuous desire to drive the latest innovation in the energy industry, and its commitment to accelerating the future growth of the Trellis™ platform,” said David Mysona, CEO of Blackstone Technology Group. “Under the Trellis Energy brand, the new organization will be able to take full advantage of energy market opportunities and significant market needs in order to develop and deliver products and services that leverage Trellis Energy’s vast experience in energy and digital services. I am confident that the Trellis Energy team will provide its current and future clients with an exceptional organization that will be a powerful force serving energy companies across the globe.”
In addition to Rakesh Agrawal at the helm of the new organization, the executive team is further bolstered by the appointment of Archana Srivastava as Vice President of Products and Engineering and Ken Hans as Vice President of Sales and Services. Archana brings more than 20 years of comprehensive technical, management and leadership experience in architecting complex, enterprise level IT solutions to the role. She will be responsible for product management and engineering, furthering the development and delivery of the various software solutions. Ken brings more than 20 years of experience in the information technology industry, delivering digital services consulting and business development across many commercial industry verticals. He will be responsible for business development, sales operations, and client delivery. Blackstone executive leadership will continue to be a part of the new company through the participation of the Executive Board of Directors, currently comprised of David Mysona, Co-founder and CEO; Casey Courneen, Co-founder and President; and Rakesh Agrawal, Co-founder and Executive Vice President.
Several leading energy companies including BP Pipeline, Chevron Pipeline, DTE Energy, Gaz Metro, NextEra Energy, ONE Gas, Pacific Gas & Electric and Tokyo Gas have selected Trellis Energy’s natural gas transaction management platform. The software platform provides these companies with the only SaaS, private cloud and on premise, solution that delivers comprehensive features, functionality, and configurability.
For more information on Trellis Energy, visit http://www.trellisenergy.com
For more information on Blackstone Technology Group, visit http://www.bstonetech.com
About Trellis Energy
Trellis Energy was founded by a team of energy industry and IT veterans who have spent the last two decades building and delivering solutions for Fortune 1000 companies within the Energy industry. Trellis Energy’s natural gas transaction management solution enables energy companies to integrate and optimize enterprise-wide transactions under a single, easy-to-use business transactions management software platform.
About Blackstone Technology Group
Blackstone Technology Group is a privately-held, global IT services and business consulting firm. Founded in 1998, it is headquartered in San Francisco and has offices in Denver, Houston, and Washington, DC. Blackstone implements innovative IT and business solutions and has garnered an impressive track record of delivering successful results to a client list that includes Fortune 1000 businesses and the US Federal Government.
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Blackstone Technology Group
Julia Schaefer, 415-837-1400
JSchaefer@bstonetech.com