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Details

Year of Investment: 2005
Portfolio Status: Former
Headquarters: Atlanta, GA

Software solutions, data, and related services for optimizing the operational and financial performance of energy, utility, and other asset-intensive businesses.

Ventyx, Inc. 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 provided 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 were utilized by power, gas and water utilities, diverse energy companies, and other asset-intensive businesses like telecommunications. Ventyx’s solutions improved asset performance and workforce efficiency, ensured compliance with safety and other regulations, streamlined the supply chain, ensured customer loyalty, supported long-term planning and forecasting of capital investments, and managed the purchase and sale of electricity and fuels.

Ventyx had 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 seven 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, and 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.