Wellington, 16 September 2005
Optimation strengthens Utilities position with Kinetiq purchase
Optimation has further strengthened its position in the utilities market with the purchase of Kinetiq’s New Zealand
licence and associated software support business.
Kinetiq software bills electricity and gas to power companies’ larger commercial and industrial customers. This is
usually complex billing involving “Time of Use” bills, where customers are billed according to their usage every half
Kinetiq currently serves several major New Zealand customers including Contact Energy, WEL Networks and Bay of Plenty
Electricity. It was recently acquired from former owner Spectrum Resources by a US-based private investor, which now
wishes to concentrate on its services business in markets outside New Zealand.
First level support, Equip migration strategy
“Optimation will assume first level support for existing Kinetiq customers in New Zealand and we have backed this up
with an on-going agreement with Kinetiq internationally to provide next level support,” says Optimation Utilities Group
director Alistair Owens.
“We will be discussing longer term directions with each customer on a case-by-case basis. Over time, Optimation will
offer these customers a path to move to our J2EE-based complex billing platform Equip, which is designed to meet the
billing needs of high value customers.”
Optimation has a Centre of Excellence in Telco and Utility billing technologies and has its own complex billing product,
Equip, which is used by utility companies such as Genesis Energy and Meridian Energy.
The Kinetiq agreement is the latest in a series of wins for Optimation, driving strong growth in the company’s
consulting, systems integration and support businesses. Optimation now supports over 50 applications through its
ITIL-based Service Desk, with customers including some of the country’s largest banks and telecommunications operators.
Optimation (www.optimation.co.nz) helps businesses harness technology to produce superior business results. We deliver
consulting, development, implementation and support services across the core areas of Software Engineering, Security,
Infrastructure, Billing & Customer Care and Business Capability Improvement.
Optimation was founded in New Zealand in 1992 and now has around 150 staff in Auckland, Wellington and Melbourne.
Customers include leading corporates and government departments such as Vodafone, IRD, Westpac, the Ministry of Social
Development, New Balance, Promina, TelstraClear, Australia Post and Genesis Energy.