Statkraft Ventures and ETF Partners invest 5 million US dollars in smart meter software leader Greenbird
(Thomson Reuters ONE) -
(Düsseldorf/Oslo, 8 November 2016) Statkraft Ventures, with participation of ETF
Partners, led the 5 million US dollars investment into the European smart meter
software company Greenbird Integration Technology AS.
Greenbird is a profitable and rapidly growing software vendor and IT integration
specialist based in Norway. The company is the clear leader in its home market,
having served utilities representing more than 80 % of the Norwegian market, and
it is continuing to build its international customer base. Its Software as a
Service (SaaS) offerings Metercloud.io and Ghostwriter enable utilities to
quickly implement flexible IT architectures for modern smart meter operations.
Smart meter software architectures are complex, yet they need to be integrated
quickly and remain flexible and ever-evolving. Metercloud.io can be understood
as an 'integration as a service' offering, which efficiently handles metering
data and provides connectors to all of the common smart meter software
applications. New applications are therefore on-boarded within days rather than
months. And the system evolves with changes in the industry, regulation or
security requirements, and thereby future-proofs a utility's systems without
repeated integration efforts or dependency on a single software supplier.
"At Statkraft Ventures we are well aware of the software integration challenge
utilities are facing as the grid is becoming increasingly intelligent. In order
to capitalise on the smart grid opportunity, the IT systems need to adapt
quickly. Greenbird provides exactly that flexibility and delivers it
conveniently as a cloud service. Having proven its case in Norway, we see a big
opportunity for Greenbird to further expand globally," says Matthias Dill,
Managing Director of Statkraft Ventures.
"What convinced us about Greenbird was the vision and energy of its team," says
Arne Morteani, Partner at ETF Partners. "They identified a real need in the
market and leading utilities have already adopted their Metercloud.io service.
We are delighted to provide additional capital to enable Greenbird's further
growth."
"Traditional system integration is not suitable for smart meter operations,"
says Thorsten Heller, CEO at Greenbird. "What is needed is a brand new approach.
Metercloud.io is a cloud-native integration platform that cuts integration times
from 6-12 months to less than 1 month. More importantly, it creates a flexible,
multi-vendor architecture that readily evolves as utilities seek to capture the
more advanced benefits of smart meters. We are not competing with other software
or big data vendors, but we are lowering the barriers for everyone in the
ecosystem - we are truly making data fly!"
About Statkraft Ventures
Statkraft Ventures GmbH is a European venture capital firm working with
exceptional entrepreneurs disrupting the energy sector. The company is exit-
driven and backed by the Statkraft Group, Europe's largest producer of renewable
energy. Statkraft Ventures invests on common venture capital terms. The company
operates in an evergreen structure with EUR 10 million to invest each
year. www.statkraftventures.com
About Greenbird
Greenbird is a Norwegian software and solutions company. Headquartered in Oslo
and expanding globally, its employees are passionate about software in the
energy industry. The company is an established leader for integration and data
management solutions and has served utilities representing more than 80 % of the
market in Norway. Greenbird's Metercloud.io, a state-of-the-art integration
solution, supports the transformation towards digital utilities by enabling
advanced smart metering. www.greenbird.com
About ETF Partners
ETF Partners supports talented entrepreneurs and management teams with
investment capital and experience. Our funds come from institutional investors,
global corporations and family offices. We create value by investing in
technology companies that make a difference. We call it 'sustainability through
innovation'.
Environmental Technologies Fund and Environmental Technologies Fund 2 L.P. are
supported by the European Union through the 'Competitiveness and Innovation
Framework Programme' (CIP). Sustainability through innovation -
www.etfpartners.capital
Contact information:
Statkraft Ventures GmbH
Anne Joeken, Communications, Statkraft Markets GmbH
Tel. +49 211 60244-107 | Mob. +49 163 9611404 | Anne.Joeken(at)statkraft.com
Judith Tranninger, Communications, Statkraft Markets GmbH
Tel. +49 211 60244-166 | Mob. +49 163 9120014 | Judith.Tranninger(at)statkraft.com
Greenbird Integration Technology AS
Thorsten Heller, CEO, +4798001822, thorsten.heller(at)greenbird.com
ETF Partners LLP
Ross Butler, ross.butler(at)ten50advisers.com, +44 (0)7733331928
James Burnham, james.burnham(at)ten50advisers.com, +44 (0)7887765304
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Statkraft AS via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 08.11.2016 - 12:00 Uhr
Sprache: Deutsch
News-ID 505624
Anzahl Zeichen: 5886
contact information:
Town:
Oslo
Kategorie:
Business News
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