Utegration set to acquire HPC America
Houston-based technology consultancy Utegration has announced plans to acquire Heck & Partner Consulting (HPC) America. Terms of the transaction were not disclosed.
Both firms currently offer services to the utility and energy sectors. The merger will allow Utegration to bolster its software offerings. The firm currently assists utility companies in regulatory reporting and asset and lease accounting using its Finance4U software.
HPC, meanwhile, has developed numerous pieces of software related to finance, CRM, billing, and work management within the utility sector. Its most recent software, HPC Decipher, allows utility companies to more quickly meet their regulatory reporting obligations.
"This strategic partnership will bring together two firms that have a shared vision focused on delivering industry excellence and advanced solutions that complement leading technology available in the market. The new offering will combine Utegration's award-winning consulting practice, our Finance4U software suite, HPC America's Decipher software solution, and over 35 years of combined consulting experience," Henry Bailey, executive vice president and chief strategy officer of Utegration, said.
The sale is expected to close by the end of calendar 2019. HPC America is headquartered in San Ramon, California, and is currently in its 25th year of operation. Utegration specializes in analytics and SAP technology in North American utilities sector. It works with clients to maximize return on investment as simply and with as little risk as possible.
"We are thrilled to join the Utegration family," Jerry Cavalieri, CEO of HPC America, added. "HPC America has had a long and successful history focused on leading technology for utilities ever since our major role in the first ERP implementation of its kind at a U.S. utility in the mid-1990s. We see a bright future together helping customers to make the most of their investments in new ERP technology by modernizing old financial processes, realizing the benefits of continuous accounting, and growing stronger in today's far more stringent regulatory environment."
