Ventyx acquires Global Energy Decisions
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.
More on Electricity
Axpo interview: the rise of flexibility contracts in European power
Axpo’s Domenico Franceschino talks to Energy Risk about flexibility contracts, battery optimisation and the role of risk management in valuing these bespoke products
US power markets grapple with surging AI demand
Through rising demand and increased market participation, technology giants are transforming US power markets
CRO interview: Shawnie McBride
NRG’s chief risk officer Shawnie McBride discusses the challenges of increasingly interconnected risks, fostering a risk culture and her most useful working habits
Energy Risk Europe Leaders’ Network: geopolitical risk
Energy Risk’s European Leaders’ Network had its first meeting in November to discuss the risks posed to energy firms by recent geopolitical developments
Energy Risk US Leaders’ Network: tackling volatility
Energy Risk’s inaugural US Leaders’ Network convened in Houston in October to discuss risk management challenges caused by geopolitical upheaval, policy uncertainty and volatility
Uncertainty causes rethink on clean energy investment
Waning enthusiasm for net-zero pledges, environmental policy shifts, funding cuts and US tariffs are causing clean energy investors to retreat
Interview: Nodal Exchange’s Paul Cusenza
The fundamentals driving electricity prices, growing confidence in state-driven environmental programmes and Nodal’s share of the US zonal power markets
Energy Risk at 30: Learning from the past
Energy Risk looks back at the seminal events and developments that have shaped today’s energy markets
