Crescent Capital - Venture Capitalists in Belfast Northern Ireland

Biznet Solutions

Biznet Solutions Ltd, demerged in 2007 from the original venture, founded in 1997, to establish itself as a pioneer and the market leader in the provision of dedicated supplier performance management solutions to the Oil & Gas industry. Biznet now boasts the world’s largest oil and gas operators among its customers; household names like BP, Shell and Chevron.

According to Crescent Capital’s John Knapton, “The Oil & Gas industry characteristically outsources over 70% of its resource requirements. Efficient supplier management therefore has a major impact on business metrics and profitability, by working closely with the major operators such as BP, Chevron and Conoco-Philips, the Biznet team has built an innate knowledge of the industry’s processes and KPIs. This has resulted in easy to use, easy to implement, effective tools that add tremendous value and deliver an extremely quick return on investment for each customer”.

CEO, Jonathan Currie acknowledges that the Company’s success has been fundamentally due to the team, “working diligently to really understand industry workflows and to create solutions that are flexible and adapt easily to individual business models, while retaining a rich, user friendly environment that drives efficiency”. He confirmed that, “Oil & Gas Operators can typically make annual savings in salaries alone, in the region of $1Milllion and more than $30Million through improved supplier performance, by increasing on-time delivery and reducing accidents and costly over-runs”.

The company’s chairman, Alan Patterson believes Biznet have carved out a market niche by providing a unique set of value add features that match real customer pain points, “existing performance management products are at best, little more than a bolt-on to a CRM or MIS package or at worst, unwieldy, internally generated spreadsheets. Biznet’s PerforMIS solution is a dedicated tool, routed in the industry and designed with the intrinsic feel of an Operator’s established and proven processes. Biznet’s SaaS (Software as a Service) implementation model means that the tool is available instantaneously to industry suppliers, globally. The company’s dedicated integration and support personnel put the customer first every time they deliver a performance enhancing solution”.

Biznet Solutions Ltd. employs 17 people in Northern Ireland and the USA. The latest investment round will facilitate further planned growth and expansion.