Emerald Technology Ventures, which has offices in Toronto and Zurich, Switzerland, has led an undisclosed growth investment in Optimatics, a provider of software platforms and tools that enable optimal water services. As a result of the funding deal, Emerald investment director Dr. Helge Daebel has joined the company’s board of directors. Established in 1996, Optimatics operates from offices in Overland Park, Kansas and Adelaide, Australia. Emerald is focused on investing in the areas of energy, water, advanced materials and industrial information technology.
Zurich-Toronto, December 02, 2014
Emerald Technology Ventures is pleased to announce an investment in Optimatics from its third fund. The company provides software platforms and adjacent services that enable water industry decision makers to save millions of dollars by optimizing the planning and operation of their water and wastewater systems. The approach is based on a proprietary library of evolutionary algorithms for pipe infrastructure optimization. Optimatics was founded based on research activities at MIT, the University of Michigan and the University of Adelaide and has served over 200 utility customers to date. Emerald led the financing round and was joined by existing shareholders.
Corey Williams, CEO of the company stated: “We are very proud to welcome such a high caliber investor to our company. Emerald’s deep domain expertise and global network will be an important pillar in supporting our growth.”
“Intelligent infrastructure is a focus area for us and we have done a number of investments in this space to date,” commented Gina Domanig, Managing Partner at Emerald. “Optimatics offers a tremendous value proposition to asset heavy but capital constrained water and wastewater utilities. At the same time, its software fits very well to existing planning & design, asset management and purchasing software tools. A perfect match!”
Dr. Helge Daebel, Investment Director at Emerald, and following the transaction, a new member of the Optimatics board of directors added: “I look forward to working with the board and management team to contribute to the growth of the company. It is great to join such a knowledgeable and passionate team.”
Optimatics is the leading provider of infrastructure planning software that enables water and wastewater utilities around the globe to avoid billions of dollars in costs while ensuring optimal performance. Its OptimizerTM software is the industry’s most powerful tool for analyzing hundreds of planning options across multiple asset types, determining the best plan to reduce capital, operating and energy costs, while meeting all of the organization’s planning objectives. The unbiased and defensible outcomes promote financial stewardship and ensure sustainability for an organization and its stakeholders. www.optimatics.com
About Emerald Technology Ventures
Emerald is a globally recognized investment firm in the areas of energy, water, advanced materials and industrial IT. Founded in 2000, the company has raised three Venture Capital Funds, completed more than 50 venture investments, been a trusted partner for numerous multi-national corporations in their open innovation activities and managed three technology investment programs for third parties. From offices in Zurich, Switzerland and Toronto, Canada, Emerald has managed assets of over USD 660 million to date. www.emerald-ventures.com
For more information please contact:
Emerald Technology Ventures
Helge Daebel, Dr.sc.techn.
Tel +41 44 269 61 25
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