XPV Water Partners has acquired majority control of Aquatic Informatics Inc. and subsequently merged it with Watermarq Technologies which operates WaterTrax and Linko Technology.
Aquatic Informatics Inc. was back by Renewal2 Partners which sold its stake held since 2010 to XPV Water Partners. Watermarq Technologies was previously backed Krystal Financial Corp.
“This amalgamation is an opportunity to deliver greater value for our 1,000 customers, fuel accelerated growth, and realize our mission to host the world’s environmental data for the sustainable management of water resources,” said Ed Quilty, President & CEO at Aquatic Informatics. “WaterTrax and Linko are software solutions preferred by over 550 water and wastewater utilities and agencies for streamlining environmental data management to achieve regulatory compliance and operational excellence. Their 98 percent annual customer renewal rates make it clear that utilities trust these brands for superior cloud-based software and world-class service. All three organizations have a culture of obsessing over our customers and that will continue.”
Aquatic Informatics will continue to operate offices in Vancouver, Denver, Ferndale, Washington, and Hobart, Australia.
photo credit: Watertrax