Clean energy solutions company Nexant has announced its acquisition of Excelergy North America LLC and Excelergy BV, strategically consolidating all of the acquired company’s sophisticated software applications enabling Nexant to strengthen its stance in the green technology arena.
Excelergy is an international energy software developer that provides enterprise software applications that streamline utility electronic complex billing, settlement, and customer care processes. Flagship enterprise software products of the company include the RevenueManagerTM and HedgeDirectTM.
"Excelergy has developed mission-critical software applications for the global energy and utility industry," said Basem Sarandah, Nexant president and CEO. "Excelergy’s applications automate forecasting, trading, scheduling, billing, settlement, and customer acquisition and care for generators, traders, utilities, distribution companies, retailers, transaction hubs, application service providers, and market operators throughout the world. Accordingly, we see this acquisition as an important component of Nexant’s strategy of becoming a leading provider of advanced technology solutions and software for global energy markets."
"We are very excited about joining forces with Nexant at this critical time for the industry," said Stu Young, former Excelergy CEO. "At this point, energy marketers in North America, Europe, the Middle East, and Africa have the same challenges — managing complex back office processes and revenue cycles in rapidly changing and expanding markets."
Young believes this is an opportune time to expand Nexant’s reach in global markets in order to help customers take advantage of these dynamic market opportunities. "Customers know that the key to success is focusing their resources on optimizing market share and profitability. Our platform enables them to automate these processes — from customer acquisition and care, to revenue cycle management to wholesale energy transaction management and settlement — and to see returns on their investment almost immediately.