Parkwalk are pleased to announce the exit of its holding in Inflowmatix Ltd. The company has been acquired by SUEZ Group, a major technology provider for water utilities. We wish the management team continued success. Read the full press release below.
Founded in 2015 as a spin-out from Imperial College London, Inflowmatix is the technology leader in the acquisition of high-frequency pressure data and associated edge analytics to support near real-time operational and asset management decisions for water utilities worldwide. The company has deep expertise and R&D capabilities in mathematical optimisation, data science and hydraulic engineering applied to complex water supply networks. It offers the InflowSys™ suite, a combination of high frequency pressure monitoring devices and an enhanced data management platform, to enable water utilities to continuously monitor, analyze and optimize the performance of their water distribution networks and critical assets. Inflowmatix also developed arboricity™, an integrated service of network monitoring, hydraulic analysis and control which assists utilities to operate hydraulically calm and resilient water networks cost efficiently, while reducing leakage and disruptive pipeline bursts.
Inflowmatix has a broad and engaged customer base in the UK, France, Italy and Australia/NZ. The SUEZ Group’s channels to market will accelerate growth. Inflowmatix’s offerings complement and are already integrated with key SUEZ offerings such as Calm NetworkTM and AquadvancedTM suite. SUEZ became an Inflowmatix shareholder through a SUEZ Ventures investment in 2019.
Parkwalk, the specialist investor in UK university spin-outs, and IP Group plc provided initial seed and follow-on funding. “This deal is an excellent example of how value can be created out of commercialising university IP”, said Alun Williams, Investment Director at Parkwalk. “I am convinced that this partnership with Suez will drive continued success”. Kelsey Lynn Skinner, Partner at IP Group, agrees: “This is a world-class innovative team driving change in a key industry, and we welcome this next chapter – to global scale.”
Diane Galbe, SUEZ Group SEVP – Smart & Environmental Solutions BU and Strategy, said: “Inflowmatix and SUEZ have partnered for several years now, and brought innovative solutions to our customers thanks to their complementary expertise. This acquisition will enable us to offer a greater range of smart water solutions and reinforce our position as a major player in the booming water pressure management market.”