Ventyx will continue to support all the industries on which it currently focuses, including utilities, communications and commercial markets. 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.
Ventyx is backed by Vista Equity Partners, a $1billion private investment firm based in San Francisco. Ventyx was formed earlier this year when Vista combined two companies, Indus International and MDSI Mobile Data 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,” says Ventyx president and CEO Greg Dukat.
The week in Risk.net, May 19-25 2017Receive this by email