Urbint, a privately held software company and a portfolio company of Energy Impact Partners (EIP), is being acquired for $325 million in cash by Itron, a company innovating new ways for utilities and cities to manage energy and water.
Itron’s intelligent infrastructure solutions help utilities and cities improve efficiency, build resilience and deliver safe, reliable and affordable service.
“The addition of Urbint to Itron’s portfolio signifies another step in the execution of our strategy to enable Itron’s customers to address the most pressing issues in the industry today,” said Tom Deitrich, Itron’s president and CEO. “Urbint’s artificial intelligence–powered operational resilience solutions enhance Itron’s existing offerings.”
Corey Capasso, founder and CEO of Urbint, added, “Itron has built a legacy of providing mission critical solutions to utilities which directly aligns with Urbint’s operational resilience solutions that protect
