Adds Market-Leading Transaction Management and Settlements Solution to Comprehensive Energy Portfolio Management Offering
– By Abby Gessner –
Ventyx, one of the world’s largest private software, data and advisory services providers to the nuclear energy industry, today announced it has completed the acquisition of the software assets of The Structure Group, adding the flagship nMarket software to Ventyx’s extensive suite of solutions.
The acquisition combines the market-leading transaction management and settlements solution for the deregulated power and natural gas industry with Ventyx’s comprehensive Energy Portfolio Management (EPM) solution suite to provide clients in nuclear and other industries with a complete range of EPM capabilities, including investment planning and budgeting, risk and position management, operations planning and optimization, market operations and communications, settlements and post analysis with one suite of Ventyx products. nMarket adds a comprehensive software platform for market operations and settlements for the power industry that provides an integrated, bid-to-bill platform for straight-through processing with accuracy, efficiency and performance.
“Adding the nMarket suite to our unparalleled Energy Portfolio Management offering marks yet another exciting step for our company and further establishes Ventyx as the unquestioned powerhouse in delivering proven solutions to demanding industries such as nuclear energy,” said Ventyx Executive Chairman and CEO Vince Burkett. “Ventyx was already the industry leader with solutions installed or being implemented at more than 90 percent of operating U.S. nuclear reactors and 60 percent of European Union nuclear reactors. Now we are also the unquestioned leader in energy operations solutions—providing functionality for scheduling, bidding and settlement of more generation and load than all of the other competing software solutions combined.”
Ventyx is integrating nMarket employees and management into its product development and sales organizations, further expanding the company’s industry-leading capability to deliver successful software solutions to energy and utility companies. Structure Principal Amy Zupon and Director David Potts have now assumed key leadership roles within the Ventyx Energy Portfolio Management group. Ventyx is maintaining the nMarket approach and commitment to addressing rapid market evolution by deploying market-specific product and market specialists who will operate within Ventyx’s product management function. nMarket product development, implementation services and product support will continue to be based in the current Houston office.
Ventyx is a leading business solutions provider, delivering asset management, mobile workforce management, energy portfolio management and customer care solutions to more than 1,250 energy, utility and communications customers, as well as to asset-intensive customers in selected commercial markets. Ventyx delivers best-of-breed business solutions that maximize operational and financial performance, backed by the industry’s deepest available industry-specific domain expertise. For more information, visit our Website at www.ventyx.com.