Sparks fly in energy software firm acquisition

A software developer for the electricity market has bought a supplier of carbon and energy management solutions. EDW Technology has acquired UK-based TEAM (Energy Auditing Agency Limited), which boasts more […]

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By Jonny Bairstow

A software developer for the electricity market has bought a supplier of carbon and energy management solutions.

EDW Technology has acquired UK-based TEAM (Energy Auditing Agency Limited), which boasts more than 500 UK and global customers from the commerce and industry sectors as well as the government.

The services TEAM provides include tenant billing software, outsourced energy management services and energy consultancy.

EDW Technology develops, implements and supports retail electricity supply software solutions – it works with a variety of clients and has set up initial frameworks for energy retail start-ups as well as handled full system replacements for more mature suppliers.

Simon Miles, EDW Technology CEO said: “We are incredibly excited about working with TEAM to grow our combined market presence and strengthen our product and service offering within the industrial and commercial utility supply and large energy consumer sector.”

TEAM Founder Paul Martin, who will take up the position of Non-Executive Director, added: “We have built a leadership position in the UK market by consistently innovating, using our deep industry expertise to support our customers and evolve with the market.

“Being located in Milton Keynes, sharing the same software technologies and energy expertise makes EDW Technology a natural partner to continue the journey.”