PHOENIX, ARIZONA – December 2, 2014 – FATHOMTM, the leading provider of integrated utility‐to‐utility, cloud‐based data and customer service solutions for water utilities, today announced it has secured additional funding to further product development and strengthen its leading position in the water sector. The investment round includes funding from Silver Lake Kraftwerk and existing FATHOM investor XPV Capital Corporation.
Mr. Trevor Hill, Chairman & Chief Executive Officer of FATHOM, stated, “Our mission is simple: unlock the power of data to allow utilities of all sizes to more effectively manage our most precious resource, water. With this additional capital and a new partnership with Silver Lake Kraftwerk, we look forward to strengthening and expanding our offering of innovative solutions that enable water utilities to increase revenue, reduce costs and enhance customer service.”
“We are excited to announce our strategic investment in FATHOM,” said Mr. Martin Fichtner, Managing Director of Silver Lake Kraftwerk. “With a visionary management team and marketleading product offering, FATHOM is bringing the data and analytics revolution to the water sector.
As industry dynamics place pressure on water utilities to modernize operations and technology capabilities, FATHOM is uniquely positioned to meet this growing need. FATHOM has significant growth potential and we look forward to partnering with management to accelerate investments in product and platform development.”
“We are pleased to collaborate with Silver Lake Kraftwerk on our investment in FATHOM,” said Mr. David Henderson, Managing Director of XPV Capital. “With our deep knowledge of the water industry, paired with Silver Lake Kraftwerk’s information technology expertise, we are looking
forward to working together with the company to continue to fuel FATHOM’s growth.”
As the largest Software-as-a Service platform in the water sector, FATHOM collects the massive volumes of data generated by state-of-the-art automated meter reading and billing systems and makes it useful for both utilities and their customers. Through enhanced collection, analysis and presentation of data, FATHOM customers and channel partners can become part of the solution to the industry’s needs and improve their meter management, revenue management and smart grid infrastructure.
Developed by a water utility, FATHOM is an integrated suite of advanced technologies proven to increase revenue, decrease costs and bring heightened efficiencies to water utilities. Our proven, rapidly deployable, highly scalable, cloud-based, SaaS solutions are changing the way utilities acquire, analyze and use data to optimize operations and improve customer service. Through our integrated, geospatial platforms – FATHOM CIS, FATHOM U2YouTM with FATHOM Mobile, FATHOM MDM and FATHOM AMS – utilities and their customers have the information they need and want at their fingertips. With more than four million meters on FATHOM, there is strength in numbers.
About Silver Lake Kraftwerk
Silver Lake Kraftwerk is part of Silver Lake, the global leader in technology investing with over $23 billion in combined assets under management and committed capital and a team of approximately 110 investment and value creation professionals located around the world. Silver Lake Kraftwerk focuses on providing growth capital to technology innovators with established business models in the energy and resource sectors. Silver Lake Kraftwerk targets companies globally that leverage technology and business model innovation to improve energy efficiency, reduce waste and emissions, harness renewable energy, and more efficiently use natural resources, among other applications. For more information about Silver Lake Kraftwerk and its entire portfolio, please visit www.silverlake.com.
About XPV Capital Corporation
XPV Capital Corporation is one the world’s largest investment firms dedicated to making a difference in water. By combining water entrepreneurs with investment professionals, XPV considers itself a value added financial partner for both investors and companies aiming to capitalize on the sweeping transformation taking place in the global water industry. XPV uses its industry insight and focused approach to invest in rapidly growing water enterprises. They put their water and investment resources to work by helping portfolio companies expand their strategic
networks and execute market-driven milestones. XPV invests at all stages of a company’s growth cycle and seeks potential investments throughout the global water community.
Brunswick Group for Silver Lake
Managing Director, XPV Capital Corporation
Tel: 416-864-0475, ext. 301