Menu
Venture capital outfits bag Auckland-based Agility CIS

Venture capital outfits bag Auckland-based Agility CIS

Agility CIS's HQ in Ellerslie, Auckland.

Agility CIS's HQ in Ellerslie, Auckland.

Credit: Supplied

A pair of venture capital companies have bought Auckland-based utility software maker Agility CIS for an undisclosed sum.

London-based SilverTree Equity bought 65 per cent of the utility customer information and billing systems software provider's shares through a Jersey-based subsidiary while Auckland's Pioneer Capital picked up the remaining 35 per cent.

Agility CIS was founded in 1998 and counts energy retailers in Australia, New Zealand, the Middle East, and the United States as customers. The company employs around 150 people globally.

It was owned by a significant number of local shareholders.

Silver Tree invests exclusively in software, technology, and technology-enabled businesses.

Wynn Williams Corporate Advisory acted as lead legal advisers to the Agility shareholders along with BDO New Zealand and Melbourne-based Presser & Co.

Agility CIS has been contacted for comment.





Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags agility cisbilling softwareSilverTree EquityPioneer Capital

Brand Post

Featured

Slideshows

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

This exclusive Reseller News Exchange event in Auckland explored the challenges facing the partner community on the cloud security frontier, as well as market trends, customer priorities and how the channel can capitalise on the opportunities available. In association with Arrow, Bitdefender, Exclusive Networks, Fortinet and Palo Alto Networks. Photos by Gino Demeer.

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security
Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomed 2019 inductees - Leanne Buer, Ross Jenkins and Terry Dunn - to the fourth running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing face of the IT channel ecosystem in New Zealand and what it means to be a Reseller News Hall of Fame inductee. Photos by Gino Demeer.

Reseller News welcomes industry figures at 2020 Hall of Fame lunch
Show Comments