A group of energy and water technology investors announced today that they have acquired a controlling interest in Choice Technology Holdings (Choice), a leader in revenue protection solutions, improving efficiency and customer benefits through the reduction of energy loss.
With this investment, Choice has strengthened its balance sheet and is positioned to execute on its ambitious operating goals to address the growing worldwide demand for revenue protection software.
Choice’s Revenue Intelligence™ platform employs sophisticated algorithms to accurately predict the fraud probability and the associated financial return for each customer.
Harman Sandhu, President, Smart Energy Water says: “With this strategic partnership, we will be able to offer exciting new solutions that will unlock massive value. We are pleased to join with Choice in addressing the pressing needs of the energy and water industry.”
“We are pleased to have received this vote of confidence from the investors and look forward to continuing to grow our global presence,” said Denis Maia, CEO of Choice Technologies.
“Over our 15-year history, Choice has strived to create value for our customers by building advanced machine-learning technologies. With this new funding, we will be better positioned to grow globally, further increasing the fairness and efficiency of the utility system.”
“The strategic partnership with SEW will allow both companies to offer a comprehensive revenue assurance solution globally, once customer engagement and mobile workforce software are totally complementary to revenue intelligence, strengthening our leadership in this arena and our international footprint”, added Maia.
Choice will remain headquartered in Luxembourg, with offices in Rio de Janeiro, Brazil and other locations around the globe.