Gentrack agrees to buy UK's Junifer Systems for about $79M, extending utility software reach

Tue, 28 Mar 2017

By Jonathan Underhill March 29 (BusinessDesk) - Gentrack Group has agreed to acquire the UK's Junifer Systems for about $79 million, extending its reach in customer information and billing systems for utilities such as energy retailers. The acquisition will be funded through a mix of shares, cash and debt facilities, the Auckland-based utilities software developer said in a statement. Buying Junifer will make Gentrack the UK's largest provider of customer information and billing system provider for energy retailers, with 32 customers in a...

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