Excelergy Acquired by Nexant - Lexington, MA
Nexant, a provider of energy software and consulting services, said on Wednesday that it has paid an undisclosed sum to acquire Lexington-based Excelergy from Netherlands-based owner Brinvest. Excelergy's software is designed to streamline electronic billing, settlement and customer care processes for utilities. Nexant said that the acquisition, which will give it 45 new employees as well as clients in seven countries, will strengthen its market position in the retail energy business in North America and Europe. Excelergy's operations will be integrated with Nexant's Software & Information Systems unit, based in Arizona.