wex inc (WEX) Key Developments
WEX Announces Agreement with PriceAdvantage to Provide Fuel Pricing and Inventory Intelligence Solutions for Petroleum Operators
Jul 9 14
WEX Inc. announced an integration between its WEX Fuel Management TelaPoint solution and PriceAdvantage, a division of Skyline Products, for petroleum operators that leverages real-time fuel inventory and sales information to optimize fuel prices. With access to real-time fuel inventories from WEX Fuel Management, managers of fuel stations who use PriceAdvantage can adjust pricing strategies throughout the day based on how many gallons have been sold through a milestone period in the day, such as the morning commute. If volume sales for the day are low at the noon hour, the station manager may decide to adjust fuel prices to be more aggressive during the evening commute and recover the lost volumes. The solution also can be used when sales are high and inventories are low to raise prices in order to make sure there is enough fuel to meet demand until the next delivery. Instead of waiting for fuel volume sales information to be updated the day following the close of business, this integration makes this information available the same day.
WEX Inc., Evolution1, Inc. - M&A Call
Jun 16 14
To discuss definitive agreement for WEX to acquire Evolution1 for $532.5 million in cash
WEX Inc. Presents at William Blair & Company's 34th Annual Growth Stock Conference, Jun-11-2014 08:00 AM
Jun 5 14
WEX Inc. Presents at William Blair & Company's 34th Annual Growth Stock Conference, Jun-11-2014 08:00 AM. Venue: Four Seasons Hotel, 120 East Delaware Place, Chicago, Illinois, United States. Speakers: Steven Alan Elder, Chief Financial Officer, Principal Accounting Officer and Senior Vice President.
WEX Inc. Signs Multi-Year Private Label Card Program Extension with Phillips 66
May 27 14
WEX Inc. announced it has signed a multi-year extension to provide private label and universal fleet card services for Phillips 66. Through the agreement, WEX will continue to issue fleet cards and provide related payment services to Phillips 66-branded customers. Together, WEX and Phillips 66 will expand upon a comprehensive sales and marketing program for direct sales while also supporting the efforts of independent marketers and dealers at more than 7,100 Phillips 66, Conoco, and 76-branded retail outlets.
WEX Inc. Announces Executive Changes
May 15 14
WEX Inc. announced George Hogan has been appointed senior vice president, international. Hogan joined WEX in 2007, and served as chief information officer and senior vice president. In 2012, he assumed responsibility of WEX Fleet One, and most recently served as general manager of fleet over-the-road and partner channels. George's international experience includes overseeing IT in Australia and New Zealand for WEX, and previously managing global teams while employed at Visa. David Maxsimic has decided to step down as president, international effective June 1, 2014. During the last 16 years, he has played an integral role in executing WEX's long-term growth strategy, expanding both the domestic fleet business and leading international expansion efforts.