Synergen may merge with energy industry software company

GFI Energy Ventures, a significant equity investor in established, industry-leading companies in the energy industry and majority shareholder in Synergen Inc. (an asset management software vendor), has made a tender offer to SPL, a provider of software solutions in customer care and billing, outage management, and distribution management for energy, water, and service companies, for all of its outstanding shares.

11/11/2004


GFI Energy Ventures , a significant equity investor in established, industry-leading companies in the energy industry and majority shareholder in Synergen Inc . (an asset management software vendor), has made a tender offer to SPL , a provider of software solutions in customer care and billing, outage management, and distribution management for energy, water, and service companies, for all of its outstanding shares. Upon completion of the acquisition, GFI will incorporate Synergen Inc. into SPL.

Richard MacDonald, who founded Synergen in 1986, will continue to lead the Synergen Series product within SPL.

The combined company, which will go to market under the SPL brand, will offer each major application as a stand-alone product and as a product pre-integrated with one or more additional offerings. The series of transactions should conclude before the end of 2004, pending regulatory and other approvals. Financial terms were not disclosed.

—David Greenfield, editorial director, Control Engineering, dgreenfield@reedbusiness.com





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