TMCNet:  Nexant's RevenueManager Software Reviewed in Gartner's Magic Quadrant Report for Utility Customer Information Systems

[January 15, 2013]

Nexant's RevenueManager Software Reviewed in Gartner's Magic Quadrant Report for Utility Customer Information Systems

SAN FRANCISCO --(Business Wire)--

Nexant, Inc. today announced it has been reviewed by Gartner (News - Alert), Inc. in the 2012 "Magic Quadrant for Utilities Customer Information Systems."1

According to Gartner, "many utilities perceive the bolt-on approach as a lower-cost alternative to the full replacement of a legacy CIS product that is unable to address smart-grid-related requirements with a commercial off-the-shelf CIS product that cannot address all emerging needs."

"Our customers are telling us that legacy CIS billing solutions are unable to meet many new smart grid requirements for demand response, real-time, prepaid, and complex billing," said Tanya Shepherd, Vice President of Nexant's RevenueManager business group. "Nexant's RevenueManager addresses the needs of competitive retail markets for complex pricing including demand response and energy-efficiencyrebates with relatively low deployment costs. Seventy-two companies use Nexant RevenueManager to bill 28 million end-users. We see continued strong interest from de-regulated utilities looking for a robust billing solution."


For more information, see the (http://www.nexant.com/ess/product_revenue_manager.aspx) page at www.nexant.com.

ABOUT NEXANT

Nexant offers a comprehensive suite of best-in-class energy enterprise software designed to transform utility business processes and implement smart grid and demand management initiatives. Over the last decade, it has been developing and commercializing technology solutions-such as iEnergy™, GRID360™, iHEDGE®, and RevenueManager®-enabling utilities, power producers, and retailers to improve operational and financial efficiency, reduce risk, and enhance customer engagement across the energy value chain.

DISCLAIMER

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

1 "Gartner Magic Quadrant for Utilities Customer Information Systems" by Zarko Sumic, 7 June 2012.


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