Gentrack Group Limited

Gentrack Group Limited is a technology company specializing in innovative solutions for the utilities sector, focusing on energy and water management through cloud-based platforms. Founded in 1980, Gentrack Group Limited is headquartered in Auckland, New Zealand, providing software solutions for the utilities sector. The company underwent a significant change in ownership when NAOS Asset Management and Milford Asset Management acquired it from Hg in a PIPE transaction on June 21, 2021. The deal raised NZD 35.

500 mn, which is the total amount raised by the company. Gary Miles serves as the CEO. Gentrack specializes in providing advanced technology solutions for the utilities sector, focusing on energy and water management. Its core product offerings include a comprehensive cloud-based platform designed to optimize customer engagement, billing and finance processes, and data management.

The platform features a composable architecture that enables rapid prototyping and integrates seamlessly with a variety of applications. Gentrack’s products are utilized by leading utilities across various geographical markets including the United Kingdom, Australia, New Zealand, Singapore, India, and Saudi Arabia. The solutions aim to enhance operational efficiency, reduce cost-to-serve, and elevate the customer experience, effectively addressing the evolving needs of energy suppliers, water distributors, and energy network companies. In the most recent financial year 2023, Gentrack reported a revenue of NZD 104,344,966.

9 and an EBITDA of NZD 14,244,828. 7. The company generates revenue through a subscription-based model, providing its software solutions primarily on a Software as a Service (SaaS) basis to utility companies. Clients typically enter into long-term contracts that cover access to Gentrack's suite of products, including its flagship customer engagement and billing solutions.

The company’s transactional structure is predominantly B2B, serving large utility providers that require scalable and efficient technology to manage customer interactions and billing processes. The pricing plans are structured to align with the specific needs of each utility, allowing for customization based on the services utilized and the scale of operations. This approach facilitates ongoing partnerships, ensuring that utilities can adapt to technological advancements and regulatory changes within their respective markets. Gentrack Group Limited's future growth strategy includes the development and launch of new products aimed at enhancing its technological capabilities for utility management.

The company is also exploring expansion into additional markets, specifically targeting areas in North America and Europe by 2024. The recent PIPE funding of NZD 35. 500 mn will be utilized to support product development and market entry initiatives.