[November 10, 2016]

Cloud-Based Software Platform Provider WaterSuite Secures Major Growth Capital Investment

WaterSuite, a leading provider of cloud-based software solutions for the drinking water community (www.watersuite.com) announced today an initial investment of $3 million from New York City based 32 Laight Street Partners. The funding will be used to accelerate enhancements of WaterSuite's flagship product, enabling it to serve customers more broadly and develop next generation products more quickly.

Founded in 2015, WaterSuite aggregates enormous amounts of public and private data and provides a system of record for water quality managers and operators. WaterSuite transforms data into actionable intelligence via a browser based GIS interface, delivered through a modular, cloud-based software platform. This intelligence helps water professionals responsible for delivering drinking water understand threats and emerging issues facing them so they can more easily plan for, document, and better respond to adverse events and government compliance requrements alike.

"We are excited to enter this partnership with 32 Laight Street to accelerate the growth of WaterSuite," said Jeffrey Rosen, CEO of WaterSuite. "As demand continues to increase for our solutions, this funding ensures that we will continue to innovate and deliver an exceptional set of integrated tools, functionality, and data. These resources will support water quality and operations professionals responsible for planning, protecting, monitoring, and responding to challenges confronting drinking water resources."

"When we were first presented with the opportunity to partner with Jeff and his team, it was clear that their solutions align with critical needs of the water community," said Fred Poses, Managing Director of 32 Laight Street Partners. "The future of the world's access to safe drinking water depends in part on innovation by companies like WaterSuite, and we believe we can contribute to the success of WaterSuite's mission to deliver software and intelligence to help the community."

About WaterSuite
WaterSuite delivers a cloud-based, modular software platform designed by water community experts to help them plan, protect, monitor, and respond to threats to source waters, water treatment, and water distribution. WaterSuite was spun out of Corona Environmental Consulting earlier this year and maintains a strong partnership with the company. Our products and services support the intelligence needed in a system of record to ensure water utilities of any size or location can research, understand, analyze, and address the issues confronting them.

About 32 Laight Street Partners
Based in New York City, 32 Laight Street Partners invests where their leadership and business expertise enable companies to build value. The firm was founded by a team led by Fred Poses, former Chairman and CEO of American Standard Companies, former COO of AlliedSignal now Honeywell (News - Alert) and current Partner and CEO of Ascend Performance Materials.

View source version on businesswire.com: http://www.businesswire.com/news/home/20161110006683/en/

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