OVERLAND PARK, Kan., Dec. 2, 2014 /PRNewswire/ -- Optimatics is pleased to announce the company has successfully raised venture capital in its first formal funding effort. Led by Emerald Technology Ventures, a globally respected firm in intelligence infrastructure investment, the new funding will focus on continued execution of the firm's go-to-market strategy, including the addition of sales and marketing resources as well as intellectual property expansion and acceleration of the strategic roadmap.
Optimatics, a global software firm, pioneered the use of genetic algorithms to revolutionize the optimization of water systems. To date, this approach has resulted in billions of dollars of cost savings for cities and utilities worldwide.
"Given the overwhelming water infrastructure needs of communities, coupled with funding, environmental, and political constraints, optimization is essential to ensure utilities are able to provide their residents with the lowest cost and best performing systems," says Corey Williams, Optimatics CEO and President. "Optimatics is excited about this opportunity to more rapidly put our software into the hands of customers, helping them dramatically improve the sustainability of their operations."
"As evidenced by the impressive results clients have gained with the use of their software suite of products, Optimatics clearly leads the marketplace in water system optimization," says Gina Domanig, Managing Partner at Emerald. "Emerald's investment will enable Optimatics to capitalize on the demand for their solutions."
With this investment, Dr. Helge Daebel, Investment Director at Emerald, will join the Optimatics Board of Directors. Dr. Daebel is a recognized world expert in the application of innovative technologies to manage critical water infrastructure bringing substantial experience in the definition and execution of strategy in this market environment.
About Emerald Technology Ventures
Emerald is a globally recognized investment firm in the areas of energy, water, advanced materials and industrial IT. Founded in 2000, the company has raised three Venture Capital Funds, completed more than 50 venture investments, been a trusted partner for numerous corporations in their open innovation activities and managed three technology investment programs for third parties. From offices in Zurich, Switzerland and Toronto, Canada, Emerald has managed assets of more than USD 660 million to date.
Optimatics is the world-leading provider of infrastructure planning software that enables water and wastewater utilities around the globe to avoid billions of dollars in costs while ensuring optimal performance. Its OptimizerTM software is the industry's most powerful tool for analyzing hundreds of planning options across multiple asset types, determining the best plan to reduce capital, operating and energy costs, while meeting all of the organization's planning objectives. The unbiased and defensible outcomes promote financial stewardship and ensure sustainability for an organization and its stakeholders.
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