VertexOne, a Richardson, Texas-based provider of enhanced SaaS solutions to the utility industry, completed the acquisition of WaterSmart Software, a San Francisco, California-based provider of a behavioral customer engagement and analytics platform to drive conservation in the water utility industry, with functionality that is directly applicable to both the electric and gas markets as well.
The amount of the deal was not disclosed.
The acquisition of WaterSmart supports VertexOne’s ongoing strategy of providing its utility customers with a complete set of SaaS applications and enhanced services to facilitate critical asset-to-cash business processes.
Led by CEO Andrew Jornod, VertexOne provides solutions spanning the full asset-to-cash spectrum, including customer information systems, customer engagement, meter data management, work and asset management, and electronic bill presentment and payment. Customers will now have seamless integration with VertexOne’s core solutions.
With this deal, the compay now serves nearly 200 water, electric and gas utilities and 17 million end customers.
In August 2019, VertexOne was acquired by DFW Capital, a middle market private equity firm that recently closed on its $500 million Fund VI.