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.

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