WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions, today announced InformationWeek has named it one of the 500 most innovative users of business technology, for the third consecutive year. For a quarter century, InformationWeek has tracked the technology, strategies, investments, and administrative practices of some of the best‐known organizations in the country. In 2011, 2012 and 2013, WEX earned a spot on this coveted list for its dedication to innovation. Most recently, this focus was reflected in the company’s investment in software, including WEX TelaPoint® SmartBuy 4, the most comprehensive and up-to-date fuel supply management and service platform. “It’s an honor to once again achieve this esteemed award that underscores our continued commitment to providing customers with cutting edge, precision technology solutions driven by market needs,” said Stephen R. Crowley, senior vice president, shared services and chief information officer at WEX. “Congratulations to WEX’s innovation teams, who deserve to be extremely proud, and all employees for their daily contributions to WEX’s technology leadership strategy.” In today’s highly volatile fuel market, companies can drastically reduce their annual fuel supply cost by strategically managing their choices. WEX TelaPoint® SmartBuy 4 combines more than a decade of fuel buying best practices and a robust set of speedy algorithms to bring real-time buying intelligence to all key players in the fuel distribution workflow, including supply managers, dispatchers, drivers and third party carriers. WEX TelaPoint® SmartBuy 4 manages the daily distribution of 35 million gallons of liquid fuel products including gasoline, diesel, ethanol, biodiesel, kerosene and jet fuel. Through the platform, users continually make thousands of wholesale fuel purchase decisions where small differences in pricing magnify across the enterprise to tens of thousands of dollars per day. "The theme of this year's InformationWeek 500 is digital business. It's a movement, rooted in data analytics, mobile computing, social networking and other customer‐focused technologies that are turning companies and industries on their ear," said Rob Preston, InformationWeek editor In chief. “The organizations in our ranking are leading the way."
Previously, WEX was recognized for “Octane,” the first fuel site locator mobile app to combine real-time fuel price data and text-to-speech capabilities to direct drivers to the lowest fuel prices in the area.Unique among corporate rankings, the InformationWeek 500 spotlights the power of innovation in information technology, rather than simply identifying the biggest IT spenders. The full list of winners appeared both in the September 2013 InformationWeek 500 issue and online at informationweek.com/500. About WEX Inc. WEX Inc. (NYSE: WEX) is a leading provider of corporate payment solutions. From its roots in fleet card payments beginning in 1983, WEX has expanded the scope of its business into a multi-channel provider of corporate payment solutions representing more than 7.4 million cardholders and offering exceptional payment security and control across a wide spectrum of business sectors. The Company’s operations include WEX Bank, Fleet One, Pacific Pride, rapid! PayCard, Wright Express Australia, Wright Express New Zealand and CorporatePay Limited, England, as well as a majority equity position in UNIK S.A., Brazil. WEX and its subsidiaries employ more than 1,400 associates. For more information about WEX, please visit www.wexinc.com. About InformationWeek For more than 30 years, InformationWeek has provided millions of IT executives worldwide with the insight and perspective they need to leverage the business value of technology. InformationWeek provides CIOs and IT executives with commentary, analysis and research through its thriving online community, digital issues, webcasts, proprietary research and live, in‐person events. InformationWeek’s award‐winning editorial coverage can be found at www.informationweek.com. InformationWeek is produced by UBM Tech, a global media business that brings together the world's technology industry through live events and online properties. Other UBM Tech's brands include EE Times, Interop, Black Hat, Game Developer Conference, CRN, and DesignCon. The company's products include research, education, training, and data services that accelerate decision making for technology buyers. UBM Tech also offers a full range of marketing services based on its content and technology market expertise, including custom events, content marketing solutions, community development and demand generation programs. UBM Tech is a part of UBM (UBM.L), a global provider of media and information services with a market capitalization of more than $2.5 billion.