VANCOUVER, BC — (Marketwired) — 04/08/13 — Navarik Corp, a global leader in the management of cargo inspection data for the oil industry, announced today that Phillips 66 is the seventh major oil company to enter into an agreement for Navarik–s VEF Service.
Navarik–s VEF (Vessel Experience Factor) Service, launched on November 1, 2011, aggregates cargo inspection data across all Navarik customers to create a single repository for more efficient and accurate cargo measurement reconciliation.
Navarik VEF represents the first of many data services that Navarik will develop on its existing software platform, which is used today by the oil industry for managing physical operations. Patrick Rooney, President & CEO of Navarik, stated: “We are elated to add Phillips 66 to the growing customer base for the Navarik VEF Service; this reinforces Navarik–s role as a trusted third-party provider of aggregate data. Over the coming months, Navarik will continue to work with the industry to develop new aggregate data services and increase the size of our data pool by acquiring new customers.”
Navarik–s mission is to be the leading provider of physical operations software and data services for the commodity trading industry by leveraging its on-demand software platform and industry expertise. Many of the world–s largest oil companies rely on Navarik–s flagship product, Navarik Inspection, for business process automation and data intelligence to help them optimize trade with their counterparties and achieve better performance from their inspection firms, terminals and vessels.
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