New Investment In FATHOM

FATHOM, the software-as-a-service provider which was spun out from Global Water Resources last year, has secured a multi-million dollar preferred equity investment to scale up its offering for water utilities across North America

The investment round includes funding from Silver Lake Kraftwerk and existing FATHOM investor XPV Capital Corporation.

Mr. Trevor Hill, Chairman & Chief Executive Officer of FATHOM, stated, "Our mission is simple: unlock the power of data to allow utilities of all sizes to more effectively manage our most precious resource, water. With this additional capital and a new partnership with Silver Lake Kraftwerk, we look forward to strengthening and expanding our offering of innovative solutions that enable water utilities to increase revenue, reduce costs and enhance customer service."

"We are excited to announce our strategic investment in FATHOM," said Mr. Martin Fichtner, Managing Director of Silver Lake Kraftwerk. "With a visionary management team and market- leading product offering, FATHOM is bringing the data and analytics revolution to the water sector. As industry dynamics place pressure on water utilities to modernize operations and technology capabilities, FATHOM is uniquely positioned to meet this growing need. FATHOM has significant growth potential and we look forward to partnering with management to accelerate investments in product and platform development."

"We are pleased to collaborate with Silver Lake Kraftwerk on our investment in FATHOM," said Mr. David Henderson, Managing Director of XPV Capital. "With our deep knowledge of the water industry, paired with Silver Lake Kraftwerk's information technology expertise, we are looking forward to working together with the company to continue to fuel FATHOM's growth."

As the largest Software-as-a Service platform in the water sector, FATHOM collects the massive volumes of data generated by state-of-the-art automated meter reading and billing systems and makes it useful for both utilities and their customers. Through enhanced collection, analysis and presentation of data, FATHOM customers and channel partners can become part of the solution to the industry's needs and improve their meter management, revenue management and smart grid infrastructure.

Source: FATHOM Company Website

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