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SilverTree Equity and Pioneer Capital acquire Agility CIS

Agility CIS, a market-leading provider of utility customer information and billing systems solutions around the world, is pleased to announce that the acquisition of Agility CIS by SilverTree Equity and Pioneer Capital is now complete. SilverTree Equity is a leading software specialist private equity firm based in London and Pioneer Capital is one of New Zealand’s largest, most established growth investment firms.

David Forsyth, Agility CIS CEO, commented, “Partnering with SilverTree and Pioneer gives us both the financial firepower and strategic expertise required to take the business to the next level – it will enable us to strengthen our product offering, in particular developing new digital layers that will enhance the customer experience and help our clients reduce their cost to serve.”

SilverTree Equity and Pioneer Capital combine deep software and utilities domain expertise and a long-term, growth-focused investment strategy. They have a proven approach to supporting founder-owned businesses in their next phase of growth. They are the right partners at the right time and are committed to driving innovation and customer success. Agility management, SilverTree, and Pioneer will work together to sustain the success that Agility has achieved and accelerate growth through development of innovative software solutions and services, while strengthening existing customer relationships.

“Agility has built a leading market position and offers the full range of product functionality from SaaS energy retailing for new entrants in both electricity and gas, to cloud-hosted and on-premise solutions for large utility players,” said Nicholas Theuerkauf, Managing Partner of SilverTree Equity. “SilverTree brings an experienced bench of operating resources, and we are committed to supporting Agility’s talented team to grow the business and to deliver market-leading, innovative products and services that will help utilities grow, drive efficiencies, and navigate today’s dynamic regulatory environment.”

“It’s exciting to be able to put our software and growth expertise to work for Agility as it enters its next phase of growth. We see significant opportunity to accelerate growth in both existing and new markets both organically and through strategic acquisitions,” said Randal Barrett, Managing Director of Pioneer Capital.

For over 20 years, Agility has provided established energy retailers and new market entrants with a leading end-to-end solution to operate, grow, and drive efficiencies in the sector. Agility has the largest number of challenger brand utilities as customers in Australia and supports them with a team of over 175 people. Agility aims to be a trusted partner for utilities – providing mission-critical products and services to navigate and thrive in today’s dynamic regulatory environment.

In recent years, Agility successfully launched its cloud-based platform, Engage, continued to enrich its well-established Orion product, and provided innovative solutions to keep customers compliant through periods of heightened regulatory change.

The partnership with SilverTree and Pioneer will enable Agility to further its commitment to growth and customer success by rapidly advancing the development of the Ignite, Engage and Orion products, including significant enhancements to their cloud-based digital customer experience layers.

Agility is also delighted to announce that the new owners have appointed Simon Moutter to the Board. Simon has been the CEO of two NZX 50 companies, Spark (NZ’s largest telecoms group) and Auckland Airport. Simon also has a history in energy market leadership positions. Simon has begun working closely with Agility’s management team to strengthen customer relationships and ensure Agility is delivering outstanding value to customers.

About Agility CIS

Agility is a market-leading provider of utility customer information and billing systems software for energy retailers in Australia, New Zealand, the United States, and the Middle East. Agility has the largest number of challenger brand utilities as customers in Australia and supports them with a team of over 175 IT and service professionals. For over 20 years, Agility has provided established energy retailers and new market entrants with a leading end-to-end solution to operate, grow, and drive efficiencies in the sector. Agility offers the full range of product functionality for both B2C and B2B focused electricity and gas utility retailers through its SaaS, cloud-hosted and on-premise solutions.

About SilverTree Equity

SilverTree Equity is a sector specialist private equity firm. SilverTree invests exclusively in software, technology, and technology-enabled businesses. The firm is differentiated by its focus on value creation, sector specialism, and deep network of operational resources and industry relationships. The SilverTree team has successfully completed or been involved in over 50 transactions. For more information, please visit www.silvertree-equity.com.

About Pioneer Capital

Pioneer Capital is one of New Zealand’s leading private equity firms. The firm has invested in more than 20 companies and made over 16 bolt-on acquisitions with a focus on accelerating growth via international expansion. Pioneer has a track record of partnering with owners and managers to build sustainable value. Pioneer Capital is based in Auckland and manages capital on behalf of some of New Zealand’s leading institutional and private investors. For more information, please visit www.pioneercapital.co.nz.