SAN DIEGO, Oct. 22, 2019 /PRNewswire/ -- Utegration,
LLC and HPC America announced today at the SAP for Utilities
conference that they have entered into a definitive agreement under
which Utegration intends to acquire HPC America (Heck & Partner
Consulting). Together, Utegration and HPC America intend to offer
advanced professional services and solutions primarily focused on
the utility and energy markets in North America.
Utegration, a leading North American technology consulting and
solutions company, has been providing solutions to utilities for
over 11 years. Although focused on addressing business needs
across the utility, one of Utegration's core competencies is
helping utilities address regulatory reporting, asset and lease
accounting needs through the Utegration Finance4UTM
solution.
HPC America was established in 1994 and is the original
developer of the "FERC module" still offered by a major global
software provider. Since then, HPC has provided consulting services
to utility companies around finance, CRM and billing, and work
management. HPC has also continued to innovate software, most
recently with its HPC DECIPHER® add-on solution, which helps
utilities to meet their regulatory reporting obligations faster and
with more defensible data.
"Having recently announced the availability of the Utegration
Finance4U Property and Lease accounting solution, it is very
exciting to announce another significant milestone in our company's
history: the intent to acquire HPC America. Increasing our scale
will further enable us to provide innovative solutions and
alternative offerings to our clients at an accelerated pace. HPC
and Utegration share a common reputation for excellence in delivery
and customer service and a common culture that balances customer,
colleague and shareholder interests," says Bart Thielbar, President and CEO,
Utegration.
"This strategic partnership will bring together two firms that
have a shared vision focused on delivering industry excellence and
advanced solutions that complement leading technology available in
the market. The new offering will combine Utegration's
award-winning consulting practice, our Finance4U software suite,
HPC America's DECIPHER® software solution, and over 35 years of
combined consulting experience," says Henry Bailey EVP and Chief
Strategy Officer, Utegration.
"We are thrilled to join the Utegration family," states
Jerry Cavalieri, CEO of HPC America.
"HPC America has had a long and successful history focused on
leading technology for utilities ever since our major role in the
first ERP implementation of its kind at a U.S. utility in the
mid-1990s. We see a bright future together helping customers to
make the most of their investments in new ERP technology by
modernizing old financial processes, realizing the benefits of
continuous accounting, and growing stronger in today's far more
stringent regulatory environment."
The transaction is expected to close before the end of the
calendar year.
About Utegration:
Utegration is a Houston-based
full-service PartnerEdge consulting and solution provider
specializing in analytics and SAP technology for the utilities
industry. Our industry experts have earned the trust of electric,
gas and water utilities across North
America with our outcome-driven roadmaps and a track record
of flawless implementations. Utegration optimizes new technology
for finance, customer management and asset operations to maximize
our clients' return on investment, while minimizing risk and
complexity. Before you implement new technology, talk to
Utegration. See how we can make the future work for you. Learn more
at www.utegration.com.
About HPC America:
Celebrating 25 years in business, HPC America is a team of
utility industry experts dedicated to SAP Financials—from cost
accounting, work management, and regulatory reporting in the back
office, to billing and CRM in the front office. Our consulting
services and add-on software solutions for utilities on SAP
increase accounting transparency, improve front- and back-office
efficiency, and, ultimately, strengthen rate case positions. Learn
more at www.hpc-america.com.
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SOURCE Utegration, LLC