Paelode Systems is an Oklahoma-based startup company that creates efficiencies in the oil & gas sector by applying technology to solve business-critical problems in innovative ways. With a combined 40 years of experience in the information technology and oil & gas sectors, the founders of Paelode Systems have witnessed many of these inefficient processes first-hand, and in late 2017, decided to do something about it. Paelode's flagship, end-to-end electronic ticketing and data workflow solution, known as lodeX, was brought to market in Q3/2018 and offers a reduction in administrative costs of up to 75%.
Rather than being quick to offer a one-size-fits-all solution, however, Paelode Systems takes a step back by approaching opportunities from a more "consultative" perspective. Only by understanding the customer's business, inside and out, should appropriate solutions be offered -- solutions which often involve the application of proven technologies, tailored to meet the customer's specific business needs.
The Oklahoma Venture Forum (OVF) is the state’s preeminent organization fostering innovation and economic growth. We introduce investors, mentors and support organizations to entrepreneurs, providing collaborative venues for sharing ideas. OVF champions small businesses and economic development by connecting and recognizing venture talents. Since our beginning, we have acted as the preeminent ecosystem for business innovation and entrepreneurship development. Our diverse membership includes investors, entrepreneurs, and service providers from a wide array of statewide industries. www.OVF.org
Interviewed by Kyle Golding for The Golding Group
