Runway Growth Capital and BC Partners Credit Announce $131 Million Financing Commitment to VertexOne to Accelerate Growth and Execute a Strategic Acquisition

Funding and Strategic Growth - VertexOne secures a $131 million financing commitment from Runway Growth Capital LLC and BC Partners Credit to optimize its platform, expand market presence, and support the acquisition of Accelerated Innovations for$32.5 million [1][2] - The funding will enable VertexOne to refinance existing obligations, invest in platform enhancements, and deliver transformative customer engagement solutions [2] - Greg Greifeld, Managing Director at Runway, will join VertexOne's Board of Directors as part of the financing [3] Market Expansion and Innovation - VertexOne plans to expand its reach in the electric, gas, and water utility markets, as well as the electric and gas retail markets, by integrating Accelerated Innovations' MyMeter technology with its existing solutions [4] - The integration will allow VertexOne to offer a comprehensive platform combining customer information systems, advanced analytics, seamless billing, and real-time customer engagement [4] - VertexOne aims to empower energy and utility clients with innovative tools to improve customer experience, operational efficiency, and sustainability outcomes [4] Company Background and Expertise - VertexOne is a leading provider of cloud-based SaaS solutions for utilities, energy retailers, and energy transition providers, with over 30 years of experience and 400 customers in the cloud [7][8] - The company specializes in digital transformation, revenue optimization, and data-driven efficiency operations, helping clients reduce costs, increase operational efficiency, and improve customer satisfaction [8] - Runway Growth Capital LLC and BC Partners Credit are key investors, with Runway providing growth capital to fast-growing companies and BC Partners Credit focusing on flexible financing solutions for middle-market companies [5][6]