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Envirosuite Fast Tracks Global Growth With Odotech AcquisitionSan Francisco-based Envirosuite - provider of the world's most comprehensive real-time monitoring, investigative, and predictive environmental management software - has acquired the assets of Odotech, Inc., a Montreal-headquartered environmental technology company specializing in monitoring and managing odors, gaseous contaminants, and dust. Envirosuite's acquisition will further bolster its existing technology platform, enabling it to compete more effectively on a global scale by offering a product platform that integrates the best of both companies' feature functionality. The addition of Odotech will add a depth of experience and expertise in industries where odor is a major cause of environmental issues and complaints. This is particularly the case in the wastewater, composting, pulp, and paper sectors, as well as in municipal services. Odotech owns a family of patents and intellectual property relating to its proprietary hardware and processes. This includes the OdoWatch platform, which supports active air quality management for sites managed by industries and municipal services. Odotech currently has more than 70 OdoWatch sites worldwide. "This acquisition represents a major step forward for Envirosuite," says Peter White, Chief Executive Officer of Envirosuite. "The acquisition will further build on our strategy in environmental management best practice, with Odotech providing us with expanded functionality and the potential for a material increase in our customer base, as well as new stategic partner relationships to enhance our business." He continues, "At the same time, this is a strategic move to rapidly increase our worldwide footprint with an offering that will combine the best of both software platforms. Odotech's deep odor experience will augment our existing solutions for the wastewater market. We'll now set our sights on incorporating the complementary elements of the Odotech platform into the market-leading Envirosuite SaaS (News - Alert) platform." Envirosuite recently was awarded contracts for air quality monitoring in both San Francisco and Los Angeles from the air quality regulatory bodies for those regions. The company is already the environmental management system of choice for global mining companies like BHP and AngloAmerican, and for Thames Water, the largest water utility in Europe. Envirosuite's product development team will be based in Montreal and Brisbane, while Odotech's sales and support functions in Canada and Chile will integrate with the existing global Envirosuite sales and marketing team. "Together with our new colleagues from Odotech, we are committed to providing world-leading environmental management solutions to industry, community, and governments," concludes White. "We are well-placed to capitalize on the building groundswell of interest in air quality management that we are seeing across the globe." About Envirosuite The world gets smaller and better connected every year. As populations grow, industries and communities increasingly collide. This means regulations are only getting tighter, risks higher, and scrutiny more public. Now, thanks to social media, reputations built over years are destroyed overnight. It means getting to the source of environmental issues fast is no longer a 'nice to have' - it's a must. Not knowing is no longer good enough. Envirosuite Limited (ASX:EVS) provides the most comprehensive and intuitive real-time monitoring, investigative and predictive environmental management software in the world. Built on insights from 30+ years experience in environmental consulting, Envirosuite seamlessly converts data into action, enabling real action in real-time. For additional information, email [email protected] or visit https://envirosuite.com/.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171221005415/en/ |
