South Bend company provides smart water infrastructure solutions
RYE BROOK, N.Y.--(BUSINESS WIRE)--Feb. 6, 2018--
Xylem Inc. (NYSE: XYL), a leading global water technology company, today
announced that it has acquired EmNet, LLC, a rapidly growing provider of
smart solutions that enable municipalities to manage the urban water
cycle and wastewater and stormwater systems. This addition further
expands Xylem’s growing portfolio of advanced infrastructure analytics
solutions and capabilities. Financial terms were not disclosed.
EmNet’s core technology and expertise in real time decision support
systems (RT-DSS) was developed as a multidisciplinary approach to solve
the toughest watershed and collection system challenges. Their open
architecture platform, called BLU-X, brings the power of big data
analytics in real time to water and wastewater systems management.
“We are very pleased to welcome EmNet to the Xylem family,” said Patrick
Decker, Xylem President and Chief Executive Officer. “This is an
important addition to our smart infrastructure portfolio because it
significantly increases our ability to help customers manage their
wastewater network and stormwater systems, areas of growing concern.
Cities and utilities around the world are trying to effectively manage
the challenges of aging infrastructure with limited resources. EmNet is
leveraging technology to provide more effective solutions that actually
improve their customers’ overall economics.”
“We couldn’t be more pleased to be joining Xylem,” said Luis
Montestruque, President and Chief Technology Officer of EmNet. “From the
beginning, EmNet’s vision has been to solve the most pressing wastewater
challenges as cost effectively as possible. Joining Xylem empowers our
team to greatly accelerate our progress and expand our mission to a
EmNet was launched in 2004 as a collaborative partnership between the
City of South Bend, Indiana, and the University of Notre Dame, led by
Luis Montestruque, PhD, and initially funded by the State of Indiana.
South Bend served as EmNet’s beta client for many years as the company
developed its platform of RT-DSS tools and applications.
South Bend Mayor Pete Buttigieg said, “EmNet has been a shining example
of city government and tech firms collaborating to find solutions. Our
experience with EmNet set a precedent for South Bend’s cultivation of
tech talent and entrepreneurship. It has been a true success story for
our community, and we are excited as they open this new chapter with
EmNet is working in cities across the U.S., with projects throughout the
Great Lakes and Great Plains regions as well as coastal cities with
tide-impacted collection systems such as Los Angeles and San Francisco.
Xylem (XYL) is a leading global water technology company committed to
developing innovative technology solutions to the world’s water
challenges. The Company’s products and services move, treat, analyze,
monitor and return water to the environment in public utility,
industrial, residential and commercial building services settings. Xylem
also provides a leading portfolio of smart metering, network
technologies and advanced infrastructure analytics solutions for water,
electric and gas utilities. The Company’s more than 16,500 employees
bring broad applications expertise with a strong focus on identifying
comprehensive, sustainable solutions. Headquartered in Rye Brook, New
York with 2017 revenue of $4.7 billion, Xylem does business in more than
150 countries through a number of market-leading product brands.
The name Xylem is derived from classical Greek and is the tissue that
transports water in plants, highlighting the engineering efficiency of
our water-centric business by linking it with the best water
transportation of all – that which occurs in nature. For more
information, please visit us at www.xylem.com.