August 30, 2014 5:25 PM ET

Internet Software and Services

Company Overview of Pricelock Inc.

Company Overview

Pricelock Inc. provides online energy solutions for energy buyers and sellers. Its solutions include Marketplace, an online energy-auction platform that allows utilities, electricity generators, government, and commercial and industrial companies to buy and sell power, coal, natural gas, railcar, and transportation fuels; and Risk Management solutions that help fleets and shippers to manage their direct and indirect fuel cost variability. The company’s solutions also comprise marketing incentives programs that drive sales using a co-branded fuel card incentive to reduce or guarantee a fixed price of fuel for customers over time; and employee incentives that help employers to differentiate th...

101 Redwood Shore Parkway

Suite 100

Redwood City, CA 94065

United States

Founded in 2006

Phone:

650-517-5400

Fax:

650-352-9049

Key Executives for Pricelock Inc.

Chief Executive Officer and Director
Founder and Executive Co-Chairman
Age: 71
Vice President of Finance
Vice President and General Counsel
Managing Director of Sales
Compensation as of Fiscal Year 2014.

Pricelock Inc. Key Developments

Pricelock Inc. Expands Energy Markets Focus with Sales Leadership Hiring

Pricelock Inc. announced that Jeff Rosenzweig, Zach Scott and Tim Leigh have joined the Pricelock team to support the growth of Pricelock's platform for transacting energy and energy-related products including natural gas, power, distillates, coal, natural gas storage and railcar leases. Prior to joining Pricelock, Rosenzweig ran his own brokerage firm, and had stints at both The InterContinental Exchange (ICE) and Sempra Energy Trading (SRE). At Pricelock, he will be focusing on origination for its Northeast and Mid-continent business and is based in New York. Zach Scott is joining Pricelock as Director of U.S. Power based in Houston. Leigh will drive Pricelock's partner strategy and was named, Director of Channel Management based in Atlanta.

Pricelock Inc. Announces Addition of Natural Gas Storage to Pricelock Marketplace

Pricelock Inc. announced the addition of natural gas storage to Pricelock Marketplace, its platform to transact energy and energy-related products. Storage providers in North America are a key part of global energy infrastructure. Getting energy buyers and sellers to efficiently negotiate best pricing for their different product needs is a growing industry trend. Pricelock Marketplace offers storage providers an end-to-end solution for announcing open season, gathering bids, holding an auction and analyzing results. Final bids are automatically ranked so storage providers can quickly award the combination of volumes and terms that optimize available capacity and storage fees. Storage buyers are able to easily submit bids online with specific terms and injection and withdrawal pipelines. By automating processes that are currently time consuming and tedious, Pricelock Marketplace is able to create efficiency and savings for all parties involved. Natural gas storage is the most recent addition to the energy and energy related products supported by Pricelock. In addition to the natural gas suite of base load, weather contingent and peak options, the Pricelock platform includes power, distillates, coal and railcar leasing.

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