NEWS
Capco and ESG partner to improve CIS delivery
ESG pitches itself as providing the broadest energy sector market and meter data management to deliver an energy transition platform that optimizes the customer-to-cash process for energy suppliers and pipeline and storage companies .
Patrick Smith , Managing Director , North America , ESG , said : “ Leading retail energy providers rely on ESG for mission-critical front office systems like billing and customer engagement portals and some 30 million transactions run through our scalable Titanium platform every month . And now this partnership gives customers the added benefit of Capco ’ s extensive implementation and integration experience in retail energy and utilities , for even more successful deployments .”
ESG Titanium is an API-first , modular energy platform that integrates with existing legacy systems helping energy companies transition from siloed legacy systems to innovative , state of the art technology .
Capco , a global management and technology consultancy specializing in driving transformation in the energy and financial services industries , and ESG , a leading provider of SaaS energy solutions , have signed a partnership to help energy companies modernize and upgrade their legacy platforms .
“ Our retail and wholesale energy clients struggle with legacy EDI , billing and CRM platforms that require extensive manual intervention , leading to higher operational costs ,” said Lance McAnelly , Managing Partner of Capco Texas and Global Energy Domain Lead , Capco . “ However , some have hesitated to migrate to a modern platform like ESG Titanium due to perceived risks in the migration process . The partnership between ESG and Capco will help them reduce risk and drive more successful project implementations .”
Progress to acquire ShareFile adding more than $ 240m in annual revenue
Progress has confirmed a definitive agreement to acquire
ShareFile , a business unit of Cloud Software Group providing SaaS-native , AI-powered , document-centric collaboration .
Yogesh Gupta , CEO , Progress , said : “ ShareFile fits strategically with Progress ’ Digital Experience portfolio to enable organizations to deliver more effective client and team collaboration while simplifying the secure sharing of documents and other content . ShareFile customers will benefit from Progress ’ strong customer focus , expansive product portfolio and expertise as well as an unparalleled track record of customer success .”
The proposed acquisition of ShareFile is another example of the continued execution of Progress ’ Total Growth Strategy . Progress continues to maintain financial discipline while seeking to acquire strong businesses with products that complement its existing software portfolio , include a robust customer base with strong retention rates and solid recurring revenue and align with its company culture .
ShareFile is expected to add more than $ 240m in annual revenue and more than 86,000 customers to Progress . p
Progress products help organizations to develop , deploy and manage responsible AI-powered applications and experiences . Upon closing of the transaction , ShareFile will add to these capabilities with SaaS-native , AI-powered document-centric collaboration and workflows , client portal , secure file sync and share and eSignature .
“ ShareFile has a long track record of success within the secure content collaboration and client interaction space and with this transaction , as part of Progress , will be better positioned to continue that record , long into the future ,” said Thomas Krause , CEO of Cloud Software Group .
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