Effective May 1, 2018, we are delighted to announce that MCG Energy Solutions has acquired Innotap.
MCG Energy Solutions is a 23-year old software company headquartered in Minneapolis, MN, specializing in operating and financial systems for the wholesale power and gas industries. Innotap is a leading provider of real-time power trading and decision support tools that help energy and commodity traders quickly and easily capture opportunities before markets change. Integrating Innotap’s suite of data visualization, analytics, and decision support for power trading with MCG’s Energy Product Suite will enable MCG to provide customers a complete trade execution solution from front to back office within their existing MCG operating systems. The acquisition of Innotap reinforces MCG’s position as a growing leader in the North American energy software industry.
“Innotap’s line of pre-trade analysis and transaction monitoring products extends MCG’s focus on the front office and reinforces our strong portfolio in the front, middle and back offices,” said MCG’s co-founder and CEO, Mike Prickett. “We are very excited to add Innotap’s products and people to MCG’s rapidly expanding footprint in the energy software space.”
“Joining forces with MCG will accelerate our growth by leveraging MCG’s resources and strength in the industry” said Innotap’s co-founder and CEO, Ron Swartz. “Our combined software suite will enable us to provide a fully integrated SaaS platform with the only available end-to-end solution on the market today offering real-time data visualization and analysis for power trading decisions, trade capture, e-tagging, scheduling, OASIS inventory management, transmission reservations, FTR management, contract management, load forecasting, generation management, credit, risk, and settlements.”
Moon Chung, Innotap co-founder and VP of Software Development, added that “the similarities in our product platforms enhance our ability to integrate Innotap and MCG software to the benefit of all of our customers.”
Find out more at the MCG Energy Solutions website.
