GETCHOICE! Reports 220% Growth in Managed Utility Spend as Enterprise Utility Intelligence Becomes a Board-Level Priority
Company's expansion outpaces a utility sector already seeing a 173% surge in strategic dealmaking, as AI-driven power demand pushes utility spend into the center of enterprise financial strategy
HOUSTON, Oct. 5, 2026 /PRNewswire/ -- GETCHOICE!, the enterprise utility intelligence platform, today reported that its core business grew at a 50% run-rate revenue pace and 220% growth in total spend under management over the past two years, alongside 130% year-over-year net revenue retention. Spend managed on the platform grew more than 20% in the most recent quarter alone.
The growth places GETCHOICE! at the leading edge of a utility-management category being reshaped by accelerating demand and tightening capacity. In electricity, that shift is already visible in the capital markets: according to PwC, announced U.S. power and utilities M&A totaled $216 billion in the six months ended May 2026 — up 173% year over year. But electricity is only the most visible example of a much broader trend. The enterprise utility system includes natural gas, steam, water and wastewater, waste and recycling, telecom and internet, drag-reducing agents and other essential recurring services. Together, they represent a large, complex and mission-critical spend category that deserves its own operating infrastructure.
"Enterprises are no longer asking whether the utility bill was paid," said Kiki Dikmen, Chief Executive Officer of GETCHOICE!. "They want to know why spend moved, where the exposure sits, and what to do next. Our growth is the customer response to that shift. Once a company connects its utility data and workflows on one platform, it doesn't stay at the first use case; it expands."
Growth Driven by Deepening Customer Relationships, Not Just New Logos
GETCHOICE! said its 130% net revenue retention rate (a measure of how much existing customers expand their usage over time) is the clearest signal behind its growth. The company said customers are consistently adding locations, utility categories and spend to the platform after initial deployment, rather than utilities management remaining a single point solution.
One particular Fortune 500 National Energy Company alone highlights the pattern and its scale. For this company's portfolio alone GETCHOICE! platform processes approximately 17,000 utility invoices per month across more than 1,500 suppliers and roughly $700 million in annual utility spend. Centralizing that workflow on GETCHOICE!'s platform reduced late fees to zero and gave the organization a single, reliable view of its portfolio.
A Category Moving From the Back Office to the Boardroom
GETCHOICE! points to structural forces in the broader market as the backdrop for its growth. As utility spend becomes larger, more volatile and more consequential to enterprise financial performance, GETCHOICE! said finance, procurement and operations leaders are increasingly treating it as a strategic, board-level category rather than a back-office expense.
"For most of my career, the first question in this category was how to lower utility costs," Dikmen said. "That still matters. But today the more important question is whether a company understands its utility portfolio well enough to control the risk, the data and the decisions around it. That's the problem we built GETCHOICE! to solve, and it's why the platform keeps growing inside the customers who adopt it."
There is a race underway to connect more of the utility value chain within a single operating environment. "The advantage will not come from adding one more feature. It will come from connecting data, automation, payments, procurement and expertise well enough that customers can make better decisions faster," Dikmen concluded.
About GETCHOICE!
GETCHOICE! is an enterprise utility intelligence platform that centralizes utility data, contracts, invoices and payments for large, multi-site organizations. The platform combines AI-enabled invoice capture and validation, ERP and AP integrations, analytics, payment automation, security and ESG reporting across electricity, natural gas, water, waste, telecom, internet and other recurring utility categories. GETCHOICE! is headquartered in Houston, Texas. For more information, visit getchoice.com.
Media Contact: Isabel Kramer, [email protected]
SOURCE GETCHOICE!
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