P2 Energy Solutions Selects Brainware Distiller for Accounts Payable

Oil & Gas BPO and Technology Company Replaces Existing Solution with Brainware’s Intelligent Data Capture Platform

January 13, 2011, Ashburn, VA —Brainware, Inc., the leading provider of intelligent data capture and enterprise search solutions, announced today that P2 Energy Solutions, a leading technology provider to the upstream oil and gas industry, has selected the company’s Brainware Distiller™ solution to process invoices and related accounts payable documents for the company’s outsourcing customers. Under this new agreement, P2 Energy Solutions is replacing their existing hosted solution with Brainware’s intelligent data capture platform.

“After an extensive evaluation of advanced data capture technology, we concluded that Brainware is the best vendor to deliver the levels of process automation and business reporting that is critical to our clients’ success,” said Bret Bolin, President and Chief Executive Officer at P2. “With Brainware, we will enhance our customers’ insight into critical information to help them run their businesses, as well as continue to improve their accounting operations.”

“Like many other Brainware customers, P2 is replacing their legacy imaging and capture technology with Brainware Distiller,” said Carl Mergele, Chief Executive Officer at Brainware. “By being able to grow their operations and offer more services to their customers, all without having to add expensive manual data entry operators, P2 is further strengthening their leadership position in the upstream oil and gas industry.”

P2 Energy Solutions is the only technology company that provides a comprehensive range of software, geospatial data, land management tools and outsourcing to the energy industry. More than 650 top energy companies use P2 products and services daily to improve decision-making, gain clarity into complex workflow scenarios and optimize upstream efficiency. P2 serves the entire energy sector—including hydrocarbon-sourced, as well as alternative-sourced energy, including solar, wind, hydro- and geothermal. With more than 80 years of experience in data and 30 years in software, P2 operates from headquarters in Denver, Colorado, and has offices in six locations including Houston, Texas; Dubai, UAE; and Calgary, Alberta. P2 employs 600 people.