Enoro - The New Leading Energy Software Company

HELSINKI and DALE, Norway and HAMAR, Norway, October 9, 2012 /PRNewswire/ --

Process Vision Oy, Elis AS and Popkorn AS have combined to create Enoro - a new leading software company for the Nordic and European energy business.

     (Logo: http://photos.prnewswire.com/prnh/20121009/567369 )

The merging companies each have 20 years of experience in developing energy market solutions for leading utilities and operators. Enoro will become number one in the Nordic countries and rank among the leaders in Europe, with over 300 employees in 12 offices. Enoro's customers range from utilities, multinational energy companies and large energy users to system operators and energy exchanges.

The market for energy software solutions is in constant flux and is expected to experience extraordinarily strong growth in the next few years. Advanced metering infrastructure implementations will generate strong demand for Smart Grid and Customer Information System (CIS) solutions.

Process Vision, Elis and Popkorn have all shown solid performance, high growth in demand and revenues, and strong earnings. Enoro serves 300 MDM/Smart Grid installations, over 110 CIS installations, and more than 14,000,000 metering points across Europe. The companies have complementary geographical positions, competencies and product offerings, and make Enoro a powerful provider of best-in-class solutions for the energy and utilities sector in Europe.  

"We are very proud to launch Enoro. Innovative development and careful attention to customer needs have been crucial to our success so far, and will continue to be our main focus point. We believe that our solutions have the potential to become the preferred choice for Nordic and European energy companies. Our experience and energy business know-how will ensure the best solutions for current and upcoming market requirements for CIS, Smart Grid and Market Interaction," says Åge Lønning, CEO, Enoro.

The new company and brand will be officially launched at booth A25 at the Metering, Billing/CRM Europe 2012 exhibition in Amsterdam on October 9th.

About Enoro

Process Vision Oy, Elis AS and Popkorn AS have combined to create a new company called Enoro - a dedicated provider of leading software solutions for CIS, Smart Grid and Market Interaction. Enoro serves 300 MDM/Smart Grid installations, over 110 CIS installations and more than 14,000,000 metering points across Europe. Enoro has offices in Norway, Sweden, Finland, Switzerland and the Netherlands.

http://www.enoro.com

About Process Vision

Process Vision Oy  is a software supplier to the utility sector, headquartered in Finland, with customers also in Sweden, Germany, the Netherlands, Switzerland, Austria, New Zealand and Norway. In the utility segment in Northern Europe, Process Vision has a leading position within the Meter Data Management (MDM) and Energy Data Management (EDM) segments for electricity, gas, district heating and water, and a wide offering of complementary systems including billing software. The company was founded in 1993 and employs nearly 200 IT and energy professionals.

About Elis

Elis AS  is a leading Norwegian IT services provider in the development of CRM and process-related systems for the energy sector. Elis has over 90 installations in the Norwegian market of its software solution ElWin. The company has 70 employees and revenues of NOK 80 million, and is located in Dale, Sunnfjord.

About Popkorn

Popkorn AS  was established in 2005 in Hamar, Norway. After years of strong growth the company today has revenues of NOK 45 million. The company is located at Hamar, Lillehammer, and in Sweden at Linköping.

More information

Åge Lønning, CEO, Enoro, tel. +47-40201000, age.lonning@enoro.com

SOURCE Enoro




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