Energy services management company Tendril has agreed to acquire US-based utilities software developer EnergySavvy in a deal of undisclosed size that will allow energy utility Evergy to exit.
Founded in 2008, EnergySavvy has developed cloud-based, data-driven software that helps utilities manage operations and create personalised customer experiences.
Tendril intends to combine its services with EnergySavvy’s utility customer experience and personalisation products once the transaction is complete.
Adrian Tuck, Tendril’s chief executive, said: “Our goal is to build towards a truly end-to-end solution of choice for utility chief customer officers during 2019.”
Great Plains Energy, which now operates under umbrella company Evergy, led a $14m series D round for EnergySavvy in 2016 through GXP Investments, the unit that has since rebranded to Evergy Ventures. The round also featured Inherent Group, Prelude Ventures and EnerTech Capital.
The company had previously raised a total of $13.2m according to Geekwire, from investors such as NorthWest Energy Angels, Prelude Ventures, EnerTech Capital, Element 8, Pivotal Investments and El Dorado Investments, as well as several individuals.