×

Nexant Partners with ESCOware to Provide Advanced Analytics for Retail Energy Providers

AUSTIN, Texas and SAN FRANCISCO, Oct. 12, 2015 (GLOBE NEWSWIRE) -- Nexant, a leading provider of software solutions for utilities, announced today it has partnered with ESCOware to provide an integrated, cloud-based solution designed specifically to help manage the operational complexities faced by retail energy suppliers.

This teaming brings together the Nexant RevenueManager® platform for customer care, billing and contract management with the Demand Forecasting System (DFS) powered by ESCOWare® for customer usage. Combining DFS's demand forecasting for precision supply planning with RevenueManager's complete lifecycle customer care, billing and contract management allows energy retailers to conduct precise forecasting with greater analytical capabilities. This enhanced visibility sharpens strategic decision-making for more predictable margins and profitability, which enables energy retailers to operate more efficiently, keep costs and prices low, and mitigate risk.

"We are always looking to add additional value for our customers, and ESCOware is a great fit for us," said Martin Milani, Nexant GM of Software and CTO. "Teaming with ESCOware gives our customers an added layer of analytical capabilities for laser-accurate forecasting to help them optimize operations, reduce costs and keep prices low for their customers."

"Our product is a perfect complement to provide additional planning insights to RevenueManager," said Michael Parrella, ESCOware CEO. "This integrated solution provides a foundation for any supplier to ensure that they are making the best business decisions possible. We're pleased to partner with Nexant, an industry leader—together, we can deliver additional value for our customers."

About ESCOware

ESCOWare offers several cloud-based software solutions tailored specifically for the Retail Energy Provider industry including Advanced Energy Analytics, Demand Forecasting Systems, Broker / Channel Management and Customer Relationship Management platforms. The company's cutting edge technology allows data to be accessed in real-time with robust reporting and visual analytics at your fingertips. Learn more at escoware.com.

About Nexant

Nexant offers a comprehensive suite of best-in-class energy enterprise software platforms that transform utility business processes and enable implementation of smart grid, clean energy and demand management initiatives. Nexant software helps utilities embrace a customer-centric model that aligns strategic planning, grid operations and demand side management to improve customer engagement, boost operational efficiency, reduce risk and achieve superior business results. See nexant.com for more.

CONTACT: Media Contact Heatheryn Higgins, Nexant Director of Communications +1.303.998.2474 hhiggins@nexant.co

Source:Nexant, Inc.