Ace Software Announces Strategic Investment In MyUtilityGenius

19 Feb 2026 CW Team

MyUtilityGenius and MyUtilityGenius Commercial provide software platforms, analytics-driven services and consultancy to domestic and commercial energy markets, including API-enabled acquisition tools, white-label enrolment and switching platforms, decision support analytics and flexible procurement solutions. These capabilities are described as aimed at improving operational efficiency, managing price volatility and enhancing customer engagement within a regulated framework. The offering is pitched as data-centric and scalable for developed markets.

The transaction is structured as a combination of cash consideration and a share swap to be effected by a preferential allotment of Ace Software equity shares in compliance with applicable SEBI norms, with issue pricing to be determined under the prescribed regulatory formula. Upon completion, Ace Software will hold 40 per cent of the fully diluted equity share capital on a post-issue basis in each target, while being vested with substantive governance and control rights. Those rights are said to include majority board representation, affirmative voting and reserved matter provisions together with step-up rights to increase holdings to a majority subject to law and approvals.

Ace Software is presented as a technology-led digital solutions group with more than two decades of software engineering, cloud-native and data analytics experience within the AQeDigital ecosystem, and the investment is aligned with its strategy to diversify through platform-led services. The parties have noted that the transaction remains subject to execution of definitive agreements, customary conditions precedent and regulatory approvals. Forward-looking statements are said to be subject to risks and uncertainties that could cause actual outcomes to differ materially.

Ace Software Exports Limited has signed a binding term sheet to make a strategic investment in MyUtilityGenius Limited and MyUtilityGenius Commercial Limited, UK-based energy technology and services groups. The proposed transaction is presented as a selective international expansion that positions Ace Software in a regulated, technology-led services sector undergoing digitisation and regulatory change. The enterprise value has been set at up to GBP five mn for the combined entities. MyUtilityGenius and MyUtilityGenius Commercial provide software platforms, analytics-driven services and consultancy to domestic and commercial energy markets, including API-enabled acquisition tools, white-label enrolment and switching platforms, decision support analytics and flexible procurement solutions. These capabilities are described as aimed at improving operational efficiency, managing price volatility and enhancing customer engagement within a regulated framework. The offering is pitched as data-centric and scalable for developed markets. The transaction is structured as a combination of cash consideration and a share swap to be effected by a preferential allotment of Ace Software equity shares in compliance with applicable SEBI norms, with issue pricing to be determined under the prescribed regulatory formula. Upon completion, Ace Software will hold 40 per cent of the fully diluted equity share capital on a post-issue basis in each target, while being vested with substantive governance and control rights. Those rights are said to include majority board representation, affirmative voting and reserved matter provisions together with step-up rights to increase holdings to a majority subject to law and approvals. Ace Software is presented as a technology-led digital solutions group with more than two decades of software engineering, cloud-native and data analytics experience within the AQeDigital ecosystem, and the investment is aligned with its strategy to diversify through platform-led services. The parties have noted that the transaction remains subject to execution of definitive agreements, customary conditions precedent and regulatory approvals. Forward-looking statements are said to be subject to risks and uncertainties that could cause actual outcomes to differ materially.

Resources

17 Apr 2026

Origen Realty appoints Poulomi Ray as CMO

Origen Realty has appointed Poulomi Ray as Chief Marketing Officer, strengthening its leadership team as it advances its growth and brand strategy. Poulomi Ray brings nearly two decades of experience in brand building and marketing across real estate and hospitality sectors, with prior roles at Signature Global, DLF Limited, Paras Buildtech, MGM International and Hilton. In her new role, she will lead marketing and brand direction at Origen Realty, focusing on visibility, differentiation and market engagement as the company progresses its integrated development plans in Gurugram. Commenting..

Building Material

17 Apr 2026

Haver & Boecker Niagara to showcase solutions at Hillhead

Haver & Boecker Niagara will showcase its mineral processing technologies at Hillhead 2026, scheduled from June 23–25 in Buxton, UK.At Stand PA3, the company will present its end-to-end solutions including screeners, screen media and advanced diagnostics, with a focus on improving efficiency, uptime and throughput for aggregates producers.Highlighting its screen media portfolio, the company will feature Ty-Wire media with hybrid design offering up to 80 per cent more open area, alongside FLEX-MAT® solutions designed to enhance wear life and throughput while reducing blinding and cloggin..

Real Estate

17 Apr 2026

CREDAI-MCHI meets Maharashtra Revenue Minister on issues

Navin’s, a Chennai-based real estate developer, has won the 17th CIDC Vishwakarma Award 2026 for its residential project Navin’s Hanging Gardens located on Arcot Road, Valasaravakkam. The award was presented by the Construction Industry Development Council (CIDC) under the category of Best Construction Projects, recognising the development’s achievement in innovation, design excellence and sustainability.The award was received by Chandrasekar PN, General Manager, Technical, Navin’s, at the ceremony held in New Delhi.Inspired by the legendary Hanging Gardens of Babylon, the project has ..