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ZE Power was renamed ZEMA Global Data.

Richmond-based ZE Power has received a significant investment from FTV Capital and has been renamed ZEMA Global Data Corporation.

Founded by Zak El-Ramly, ZE Power provides data and analytics solutions to large multinational companies in the energy and natural resources industries.

ZEMA Global Data Corporation announced Tuesday that it has secured a significant growth capital investment from FTV Capital, an investment firm with a track record of investing in enterprise and financial technology spanning over 25 years.

In addition to FTV Capital’s investment, ZEMA also announced the appointment of Andrea Remyn Stone as Chief Executive Officer, effective immediately.

Most recently, Stone was CEO of the Data and Analytics division at the London Stock Exchange Group (LSEG), where she accelerated the growth of the Data and Analytics division (formerly Refinitiv) while transforming the business portfolio and refocusing on big data and desktop platforms.

Stone has led transformations at several global fintech companies, including Bloomberg, S&P Global, Dealogic and ION. In 2022, she was named to TabbFORUM’s list of Top 40 Innovators in Financial Markets for the first time.

El-Ramly will remain involved with the company, assume the role of Chairman of ZEMA and work alongside Stone to further advance the company’s vision and growth trajectory.

“ZEMA has established itself as a leading provider of enterprise data and analytics solutions that automate workflows and provide clients with tangible ROI,” said Brent Fierro, Principal at FTV Capital. “We are excited about the opportunity to partner with ZEMA to help the company grow meaningfully, invest in customer-focused initiatives, and further solidify its strong offering in the market.”

In addition to the existing board members Zak El-Ramly (Chairman), Aiman ​​​​El-Ramly and Nader El-Ramly, Robert Anderson, Partner at FTV Capital, Fierro, Payam Vadi, Vice President at FTV Capital, and Stone have joined the Board of ZEMA as part of this growth investment.

DA Davidson served as exclusive strategic and financial advisor to ZEMA Global Data Corporation.

Financial details were not disclosed.

ZEMA Global Data is located on the corner of No. 2 Road and Westminster Highway.

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