Fred Bendle, the CEO of Inatech, has been involved with the business every step of the way since helping to establish the vendor while still at Glencore. More recently, after Inatech’s acquisition by ValSoft, he has stepped into the CEO role, which he describes as ‘challenging’. In fact, Inatech is doing well it seems and despite the challenging nature of managing a CTRM vendor, Fred is pleased with progress. “Glencore’s deep pockets really kept Inatech going for several years,” he told me. “But when ValSoft bought the business, it was essentially breaking even and of course, it set some tough targets while providing new insights into the software business and a lot of focus on success.” By the end of 2023, Inatech was and continues to perform very well in terms of both growth and profitability. Apparently, much of the recent success that Inatech has experienced under his leadership came in north America where its Techoil product has proven very successful. “We grew revenues 120% in that last two years while cutting back on some expenses,” he told me. Inatech offers Techoil, Techoil Rack, Techoil C-Store and Techoil dispatch and other products on the ETRM side and a suite of… continue reading