Innovyze is a US-based leading global provider of smart water infrastructure modeling and simulation software solutions for government agencies, engineering consultants, municipalities and utilities.
Innovyze is a leading global provider of smart water infrastructure modeling and simulation software solutions designed to meet the technological needs of water / wastewater utilities, government agencies and engineering organizations worldwide. Innovyze is a leading player in the US and UK water infrastructure software markets, where the Company has key strengths in clean water distribution, storm / flood water modeling, real-time monitoring and asset management. Its clients include the majority of the largest North America, UK, Australasian, and East Asian cities, foremost utilities on all five continents, and ENR top-rated design firms. Innovyze’s passion for modeling, client success and building mutually supportive relationships has translated into industry-leading performance across customers’ key purchasing criteria and best-in-class customer satisfaction scores. With ~160 employees and offices in North America (HQ), Europe, Asia and Australia, the Innovyze connected portfolio of best-in-class product lines empowers thousands of engineers to competitively plan, manage, design, protect, operate and sustain highly efficient and resilient water infrastructure systems, and provides an enduring platform for customer success.
Market trends and drivers
Innovyze operates in the attractive water infrastructure software market which is experiencing healthy structural growth, driven by multiple factors, including: emerging economies building water infrastructure to accommodate rapid urbanization; developed countries requiring increasingly sophisticated management of aging water resources; increasing levels of storms and floods as a result of climate change; and the need to manage the cost of water infrastructure ownership as total water infrastructure assets continue to grow.
EQT Mid Market US is keen to support the continued growth of Innovyze, both domestically and internationally. Particular focus will be on growing Innovyze’s existing water segments and increasing share of wallet within Innovyze’s existing customer base; developing new product capabilities and new customer segments; and expanding into new geographies.
Key events since EQT investment
- EQT Mid Market US formed Innovyze in May 2017 through the combination of XP Solutions (acquired in September 2016) and Innovyze (acquired in May 2017), following which the combined company assumed the Innovyze name.