Clean-energy giant Enphase acquires Scottsdale software company
A Scottsdale software company that focuses on cleantech industry services has been acquired by a renewable energy giant.
365 Pronto Inc. announced that Enphase Energy Inc (Nasdaq: ENPH), a supplier of micro inverter-based solar and battery systems, recently closed on the acquisition. 365 Pronto had not yet responded to a Business Journal request to provide financial details of the buyout.
365 Pronto makes a predictive software platform to help the owners of clean-energy technology businesses — including installers, asset owners and manufacturers — connect with local technicians and other qualified workers to service equipment.
The Scottsdale company says its platform has hundreds of service providers on its platform who can do residential and commercial solar, battery storage and electric vehicle charging station work. The platform allows customers to create pre-priced work orders, and the software matches that with service providers.
The acquisition means that Enphase’s service providers will now be part of the 365 Pronto network, and the Scottsdale company said the deal will help it grow and more efficiently take care of its customer base.
“Our customers expect high-quality service, and Enphase is synonymous with high quality. Enphase’s world-class customer service and digital platform align perfectly with 365 Pronto,” Scott Tonn, CEO at 365 Pronto, said in a statement. “We believe that the acquisition will help us to rapidly expand our customer base and achieve our vision of making service simple.”
The deal will give Enphase, which is based in Fremont, California, greater efficiency by allowing it to service its own operations and maintenance contracts, company officials said. This is an advantage in an industry currently struggling with severe labor shortages.
“We are pleased to welcome 365 Pronto’s customers, service providers, and employees to Enphase,” said Badri Kothandaraman, president and CEO at Enphase Energy, in a statement. “The company’s software platform will provide our installers the ability to service their own O&M contracts with an on-demand network of service providers. We are excited about this opportunity to improve the installer experience as we continue to expand our digital platform.”
Enphase’s solar and battery system allows its customers to use a mobile app to make, use and sell their own power. The company says more that 1.7 million of its systems have been deployed in more than 130 countries.
Enphase’s stock stayed relatively flat on Monday, with the share price spending most of the day slightly down before rallying near the end and closing up by 52 cents at $188.69. Track the stock here.
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