Lehman Brothers Invests $14 Million in FuelQuest.com

by Staff

April 25, 2000

1 min to read

FuelQuest has announced that Lehman Brothers Venture Partners has invested over $14 million dollars in the development of FuelQuest.com, an online service for petroleum marketing. The service is aimed at independent petroleum marketers, who distribute 50 to 70 percent of petroleum products in the U.S. The FuelQuest.com system includes ordering, product delivery, invoicing, and logistics for fuel-related products and services. FuelQuest will also offer an applications service provider (ASP) platform, allowing marketers the option to integrate e-commerce with back-office functions. The ASP option also features web-based dispatch, customer relations management, price management, and payroll systems.

Topics:Operations

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