Ventyx was a leading global provider of software solutions, data and related services for optimizing the operational and financial performance of energy, utility and other asset-intensive businesses. Ventyx provides solutions for physical asset, work and plant operations management, mobile workforce management, customer management, energy operations and energy planning and analytics. The Company’s solutions are utilized by power, gas and water utilities, diverse energy companies and other asset-intensive businesses like telecommunications. Ventyx’s solutions improve asset performance and workforce efficiency, ensure compliance with safety and other regulations, streamline the supply chain, ensure customer loyalty, support long-term planning and forecasting of capital investments and manage the purchase and sale of electricity and fuels.
Ventyx has over 1,000 customers including 49 of the 50 largest energy and utility companies and more than 400,000 users of its software and services in nearly 45 countries worldwide. Ventyx was headquartered in Atlanta, Georgia and had more than 900 employees in over 7 countries worldwide.
Vista Equity Fund II completed a buyout and take-private of MDSI Mobile Data Solutions, Inc. in September of 2005. In January of 2007, Vista Equity Fund II completed a buyout and take-private of Indus International and merged it with MDSI. The combined company was renamed Ventyx, Inc. in April of 2007.
In June of 2007, Ventyx acquired Global Energy Decisions, a leading provider of integrated resource planning and optimization, market analytics and generation management software, database and advisory solutions to the global energy supply chain. In August of 2007, Ventyx acquired NewEnergy Associates and merged it with its Global Energy Decisions division. In February of 2008, Ventyx acquired Tech-Assist, a provider of operations management software systems for power generation and other asset-intensive continuous process industries. In June of 2009, Ventyx acquired the software assets of The Structure Group ("nMarket"), a leading transaction management and settlements solution for the deregulated power and natural gas industries.
Ventyx was acquired by ABB in June of 2010 for over $1 billion.
The Structure Group provides the nMarket suite, a comprehensive software platform for market operations and settlements for the power industry that provides an integrated, bid-to-bill platform for straight-through processing with accuracy, efficiency and performance -- as well as a complete nomination-to-bill transaction management platform for the natural gas market.
Ventyx acquired The Structure Group in July 2009.
Tech-Assist is a leading provider of plant operations management software to the nuclear power, non-nuclear power generation and petrochemical markets. The Company’s flagship product, eSOMS (Shift Operations Management System) is a modular off-the-shelf solution that includes equipment, operator, clearance, regulatory, change and personnel qualification management solutions.
Ventyx acquired Tech-Assist in February 2008.
NewEnergy is a leading provider of business intelligence software and consulting services to the energy market. NewEnergy’s software offering includes planning and operations that help energy and utility companies analyze market conditions, create financial budgets and forecasts and operate their plants and assets to meet the requirements of their customers.
Ventyx acquired NewEnergy in August 2007.
Global Energy Decisions is a leading provider of software, intelligence and consulting services for the companies involved in the global energy supply chain. GED provides a comprehensive solutions platform addressing market analytics, resource planning and optimization, generation management, electricity price and demand forecasting, energy trading and risk management, and geographic energy market mapping.
Ventyx acquired Global Energy Decisions in June 2007.
Indus is a leading provider of proven Service Delivery Management solutions which enable utility, communications and other commercial field service organizations to optimize the management of their customers, workforce, spare parts inventory, equipment, tools and documentation -- empowering organizations to maximize efficiencies in their customer relationships, facilities, workforce and field service operations.
Ventyx acquired Indus in January 2007.