Sydney, Australia – 18th March, 2019 – Envizi, a global leader in data and analytics software for building optimization and sustainability, has secured a strategic investment from Accel-KKR, a leading Silicon Valley technology-focused investment firm. The funding will help Envizi continue its global expansion with a particular focus on the North American and UK markets.
Envizi helps corporations manage their resource usage in buildings and delivers the granular insights required to optimize their portfolio performance. Envizi delivers clients an extensive suite of capabilities to support equipment performance optimization, energy management and sustainability reporting. By aggregating information from disparate sources into a single system of record, Envizi provides a broad range of stakeholders with informed insights into their performance, allowing them to make decisions that will reduce costs and improve efficiency in areas such as energy and equipment maintenance whilst improving comfort conditions for occupiers of buildings.
“Envizi sees the global market as a logical next step in our growth plan,” said David Solsky, CEO and co-founder of Envizi. “We have been very successful to date in serving the Australian market where we have emerged as the clear category leader. Our Australian clients have demonstrated global sustainability leadership over the past decade and our learnings during this time, have placed us in a strong position in the US and UK markets which are rapidly gaining momentum. In particular, our best-in-breed building asset optimization solution is ideally suited to these population dense markets which have significant concentrations of commercial buildings. We chose Accel-KKR to be our capital partner given they have the resources to help us be successful globally.”
“Verdantix has regularly classified Envizi in the leading quadrant in the facility optimization software sector and recently singled out Envizi as having the industry’s strongest overall functionality for building energy management software,” said Samantha Shows, Managing Director and Head of Credit Investing at Accel-KKR. “David and the team are well positioned to capture global market share and we are excited to support Envizi as they grow.”
This marks the fourteenth investment for Accel-KKR’s credit fund.
Accel-KKR is a technology-focused investment firm with over $5 billion in capital commitments. The firm focuses on software and IT-enabled businesses, well-positioned for top-line and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across a wide range of transaction types including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR is headquartered in Menlo Park with additional offices in Atlanta and London.
Envizi is a market leader in data and analytics software. We put data to work, delivering the insights you need to optimize resource use across buildings and business. Envizi helps build sustainable businesses that are fit for the future, and have a proven track record across more than 160 enterprise clients whose operations span over 130,000 locations in 112 countries. Learn more at www.envizi.com