Utah Software Company Receives Funding From One of Houston's Premier Energy Investors

SALT LAKE CITY - Dec. 17, 2019 - PRLog -- REDLIST®, an Asset and People Management Software as a Service (SaaS) platform for businesses that use heavy equipment, announced an investment round, led by CSL Ventures based out of Houston, Texas, with participation from existing investors. This Series A investment round will allow REDLIST to accelerate product development and customer growth, while further enabling the company's global channel partnerships program.

"We are delighted to support REDLIST in their mission to modernize the way that heavy equipment-related businesses manage their safety, production and maintenance work flow. In a short timeframe, REDLIST has established strong partnerships and provided needed services to some of the leading Energy and Industrial players. The company's impressive list of customers is a testament to both the team and the compelling product that they have built," noted Imran Kizilbash, Managing Director and Head of CSL Ventures.

Talmage Wagstaff, CEO and Co-Founder commented, "This investment allows us to deepen the REDLIST platform and enhance the experience for our growing number of channel partners and end-users. We are especially pleased to work with CSL Ventures as our new partners. As we continue to work closely with major customers in the energy sector, CSL Ventures' hands-on approach and extensive experience and network will help open more doors and bring valuable insights for our team."

The investment further validates and fuels REDLIST's ambitious vision to provide production and planning, timekeeping, safety, compliance and seamless computerized maintenance management systems (CMMS) into a single smart platform. Since launching to the open market less than 18 months ago, REDLIST has quickly established a loyal user base and demonstrated proficiencies and effectiveness with a variety of end-users and key partners across multiple industries. This capital will help to complete key objectives and support many global initiatives and partnerships scheduled to come online in 2020.

About REDLIST LLC
REDLIST, LLC was founded in 2014, and specializes in providing computerized maintenance management systems (CMMS), work order management systems and safety communication platforms for businesses that use heavy equipment. Customers include businesses in industries like energy, construction, equipment rental, steel, manufacturing etc. For more information visit  https://yourredlist.com

About CSL Ventures
CSL Ventures was launched with the objective of addressing the rapidly evolving technical needs of the energy and energy services industries and becoming the partner of choice for leading entrepreneurs and executives pursuing early-stage capital. CSL Ventures complements and extends CSL Capital Management's global network of sourcing unique opportunities, proven track record of successfully incubating and building greenfield businesses, and creatively structuring transactions through the energy cycle for the benefit of early stage and technology-focused companies and entrepreneurs. For more information visit: http://www.cslenergy.com/csl-ventures.html