ATLANTA & BOULDER, Colo.--(BUSINESS WIRE)--Ventyx™, the leading Service Delivery Management (SDM) solution provider, today announced that it has acquired Global Energy Decisions LLC (Global Energy), a provider of integrated software, data and advisory services to the worldwide electric utility industry and its supply chain.
Global Energy delivers utility industry solutions for generation asset and portfolio optimization, energy trading and risk management, schedule management, price and load forecasting, maintenance optimization, resource planning, fuel budgeting, plant betterment and environmental compliance analysis. The solutions are based on a common framework of software applications, energy markets data and advisory services. Global Energy has worldwide relationships with 400 energy market participants and more than 175 installed software clients and 150 installed database clients -- making the company a leader in providing integrated analytics, planning, energy trading and operations management solutions.
“The addition of Global Energy Decisions gives our combined business the most complete product offering for the electric utility industry, and the combination creates the largest privately held software company serving this industry,” said Ventyx President and CEO Greg Dukat. “For the first time ever utilities will have a single provider whose comprehensive solution suite bridges utility forecasting, trading and operations and service delivery to customers. As a result, the acquisition greatly expands our ability to help utility clients deliver cleaner power, meet increasing load demand by better operating existing assets, make big investment bets on new capacity, secure fuel supplies in uncertain markets and achieve core business objectives.”
“Global Energy and Ventyx have been serving this industry for decades, we have a deep understanding of how utilities work, and our combined product lines help them to solve their most difficult and complex business problems,” said Ron McMahan, Chairman and CEO, Global Energy Decisions. “This acquisition dramatically changes the landscape in this market. It strengthens our mutual commitment to the utility industry, and it will give utilities much better control over their businesses with improved efficiencies and customer satisfaction.”
“Utilities are looking to make strategic decisions about their portfolio of assets, including how to operate generation as a fleet, how and when to invest in new assets and how and when to invest in existing assets within the context of real market conditions,” explained Jill Feblowitz, Director of Business Technology at IDC’s Energy Insights. “With the acquisition of Global Energy Decisions, Ventyx now has the ability to deploy applications covering wholesale, delivery and customer requirements and therefore even greater potential for providing real advantages to utilities."
Ventyx will continue to support all the industries on which it currently focuses, including utilities, communications and its traditional commercial markets. “This acquisition solidifies our proactive strategy for growing our business, and we will continue to actively assess opportunities to expand and deepen our product offerings in all of our targeted industries,” added Dukat.
Global Energy Decisions will operate as a Ventyx company, and its employees and management team will continue to support the development and deployment of its current software, data and advisory services solutions for the wholesale electric utility industry and its supply chain.
Ventyx is backed by Vista Equity Partners, a $1 billion private investment firm based in San Francisco, CA. Ventyx was formed earlier this year when Vista brought together industry leaders Indus International Inc. and MDSI Mobile Data Solutions to form the leading Service Delivery Management provider.
Global Energy Decisions was purchased by Ventyx from private equity firm Quadrangle Group. Harris Williams & Co. advised Global Energy Decisions on the transaction.
Ventyx is the leading provider of proven Service Delivery Management solutions which enable utility, communications and other commercial field service organizations to optimize the management of their customers, workforce, spare parts inventory, equipment, tools and documentation -- empowering organizations to maximize efficiencies in their customer relationships, facilities, workforce and field service operations. With offices in North America, Europe, the Middle East and Asia-Pacific, the company has more than 400 clients in select asset-intensive service-based industries. For more information, visit our Website at www.ventyx.com.
About Global Energy
Global Energy provides integrated software, data and advisory services to the electric utility industry and its supply chain enabling them to plan and operate their businesses, improve their performance and make more informed, fact-based decisions. The company has more than 400 client relationships worldwide with the industry’s leading market participants. More information about Global Energy is available at www.globalenergy.com.
Ventyx is a trademark of Ventyx Inc. Other company and product names may be trademarks of the respective companies with which they are associated.