GE Vernova’s Electrification Software business
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GE Vernova’s Electrification Software business - overview
Established
2011
Location
San Ramon, CA, US
Primary Industry
Software
About
GE Vernova’s Electrification Software business specializes in providing innovative software solutions that facilitate the energy transition through electrification and decarbonization, serving various sectors including utilities and industrial manufacturers. GE Vernova’s Electrification Software business, founded in 2011 in San Ramon, US, delivers software solutions focused on energy management and decarbonization. The company is led by CEO Erdzan Hajrushi, alongside executives Pat Byrne, Scott Reese, and Tj Santiago. GE Vernova’s Electrification Software business offers a comprehensive suite of software products and services designed to facilitate the energy transition through electrification and decarbonization.
The core offerings include advanced software solutions for asset performance management, grid orchestration, emissions data management, and predictive analytics, which leverage artificial intelligence (AI) to provide real-time insights and optimize the management of various energy generation sources. Notable products such as GridOS, Proficy Historian, and CERius are utilized by a diverse client base, including 75% of Fortune 500 utilities and various industrial sectors, to enhance operational efficiency and support sustainability goals. The company’s solutions are marketed in regions including North America, Europe, and Asia, targeting utilities, industrial manufacturers, and companies in sectors such as aerospace, automotive, and energy. These software products collectively aim to streamline operations, improve emissions accuracy, and ultimately drive clients toward achieving net-zero objectives.
GE Vernova generates revenue through a structured approach that incorporates software licensing, subscription models, and partnerships. Clients typically engage with the company's offerings by entering into subscription agreements for software products such as GridOS and Proficy, allowing for ongoing access to the latest features and updates necessary for effective energy management. The business transactions are primarily B2B, with utilities and industrial companies relying on GE Vernova’s software to optimize their operational capabilities. Revenue is derived from both direct sales and recurring subscription fees, as clients integrate these advanced software solutions into their operational frameworks.
The pricing structure for these services is tailored to meet the specific needs of various industry sectors, emphasizing the value provided by flagship products in achieving greater efficiency and sustainability within the energy ecosystem.
Primary Industry
Software
Sub Industries
IT Infrastructure, Analytics & Performance Software
Website
www.gevernova.com/software/
Total Amount Raised
Subscriber access only
GE Vernova’s Electrification Software business - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Opus One Solutions Energy Corporation | - | ||||||||
| Secondary Buyout | Completed | ServiceMax, Inc. | - |
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