VertexOne provides cloud-based SaaS solutions that combine customer information systems, billing and payment, analytics, and real-time customer engagement for electric, gas, and water utilities as well as energy retailers. The platform is designed to improve customer experience, revenue management, operational efficiency, and sustainability outcomes. VertexOne says it has more than 30 years of experience and serves approximately 400 customers in the cloud. The company plans to expand its market presence into electric and gas retail markets and to integrate Accelerated Innovations' MyMeter product with its existing solutions. Financially, VertexOne secured a $131 million financing commitment to refinance existing obligations, support the $32.5 million acquisition of Accelerated Innovations, and invest in platform enhancements. VertexOne provides cloud-based SaaS solutions for utilities and retail energy firms, including Customer Information Systems (CIS), Mobile Workforce Management (MWM), Electronic Data Interchange (EDI), Meter Data Management (MDM), digital customer engagement, conservation, and customer self service. Its VertexOne Complete™ SaaS offering keeps customers current with rapid technology changes so utilities can focus on core operations. The company positions itself to reduce cost-to-serve, increase operational efficiency, and improve customer satisfaction for utility clients. VertexOne has gained traction as energy and utility customers increasingly accept digital solutions. The company is private equity-backed and is using growth capital to continue expanding its market presence. Management says venture debt is an efficient source of capital alongside private equity to further its mission and market potential.

Total raised

$206M

Funding rounds

2

Latest round

Equity

Latest activity

Jan 2025