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Runway Growth Capital and BC Partners Credit Announce $131 Million Financing Commitment to VertexOne for Strategic Growth and Acquisition

Jan 09, 2025

Contract Type

partnership

HoustonSoftware

Description

Runway Growth Capital and BC Partners Credit have announced a $131 million financing commitment to VertexOne, a leading provider of vertical market software solutions for utilities. The funding will enable VertexOne to optimize its platform, expand market presence, and support the acquisition of Accelerated Innovations.

Company Information

Company

VertexOne

Location

Houston, Texas, United States

About

VTX Holdings, LLC is doing business as VertexOne. VertexOne is the leading provider of cloud-based SaaS software powering the next generation of customer experience for utilities, energy retailers, and energy transition providers. With over 30 years of experience and more than 450 customers in the cloud, we capitalize on our deep expertise to provide a wide range of innovative solutions for digital transformation, revenue optimization, and data-driven efficiency operations surrounding the customer. From Customer Information Systems (CIS) and Mobile Workforce Management (MWM) to Electronic Data Interchange (EDI) and Digital Customer Engagement and self-service portals, we empower our customers to deliver a compelling customer experience, reduce costs to serve, increase operational efficiency, and improve customer satisfaction.