V-PERFORMANCE 5.0 Advances Analytics, Fosters Operational Excellence for Power Generators and Utilities

For more information: John Egan, 720-949-4906

John@EganEnergy.com

V-PERFORMANCE 5.0 Advances Analytics, Fosters Operational Excellence for Power Generators and Utilities

 

Glen Mills, Pa. (August 11, 2015) – V-PERFORMANCE® 5.0 extends Versify’s leadership by offering next-generation analytics and automation for many operational processes leveraging industry best practices. The enhanced platform offers robust data integration capabilities, extensive configurability, and out-of-the-box support for automating key business processes.

 

V-PERFORMANCE 5.0 is a major technology leap forward in promoting operational excellence for power companies and utilities. Versify developed V-PERFORMANCE 5.0 to provide clients with unparalleled data-management capabilities to help make better decisions that dramatically improve operational and financial performance. The platform offers better visibility into both opportunities and business risk, while improving operations efficiency. Versify’s broad functional footprint and SaaS deployment model allow customers to consolidate disparate applications and quickly deploy the solution.

 

Generation owners and utilities across the U.S. increase profitability and operate more effectively after deploying the new integrated analytics software suite. In a recent research study, customers reported they have recouped, on average, a return of seven times their investment, with some as high as 20 times. Companies have also successfully managed risk arising from new regulations from state, regional and federal agencies. Overall, Versify customers report millions of dollars in annual operating cost savings, revenue generation and fine/penalty avoidance.

 

“V-PERFORMANCE 5.0 takes analytics to an entirely new level, addressing critical information gaps,” said Pete Cona, Versify’s president and chief executive officer. “V-PERFORMANCE 5.0 provides power generators and utilities powerful and highly configurable applications with unique work flow functionality so they can manage their performance and improve operating efficiencies.”

 

V-PERFORMANCE 5.0 application modules offer analytical capabilities for power companies and utilities including: executive dashboards, portfolio performance management, asset management, generation and transmission outage management, operator logging, event management, plant management and compliance management. Versify provides analytics and workflows out-of-the box so customers can easily customize or create their own analytics and workflows to meet their process and reporting needs. Executives can use the key performance indicator (KPI) reporting functionality to quickly make strategic and tactical decisions to improve power plant operations for all generation technologies. Operational processes can be automated, standardized and tracked leading to significant operational efficiencies, reduced business risk and compliance with regulatory requirements.

 

 

About Versify Solutions

Versify Solutions Inc. provides SaaS and PaaS application solutions that integrate a company’s vast data sources to improve performance, reliability and efficiency of generation assets. Versify products including V-PERFORMANCE®, V-TRADER®, and NETcompliance® offer generators and energy traders better information, empowering them to perform at the highest levels. The company offers a unique portfolio of analytical applications and services that provide key insights into generation performance, regulatory compliance, power-plant outage management and trading market opportunities. For more information, please visit http://versify.com/.

 

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Versify Advances Process Excellence with Financial Operations Veteran Michael Wilk

For more information: John Egan, 720-949-4906

John@EganEnergy.com

Versify Advances Process Excellence with Financial Operations Veteran Michael Wilk

Glen Mills, Pa. (May 20, 2015) — Versify Solutions Inc., a leading SaaS provider to power generators, has strengthened its senior leadership team by adding Michael Wilk as its new chief financial officer and senior vice president of finance, administration and operations. Wilk will be responsible for expanding Versify’s process excellence as it rapidly grows its integrated data analytics business.

“The market conditions and Versify’s next-generation product portfolio are creating significant growth opportunities,” said Wilk, “I will be focusing on enhancing Versify’s key operational processes as a growth company to maintain our high levels of client quality and on-time delivery as well as financial strength.” Wilk joins Versify from Safeguard Scientifics, a NYSE growth capital investment firm with $500 million under management. He has a 25-year career as an operating executive, growth capital provider and advisor to management teams and Boards.

The power-generation business is changing rapidly, driving increased demand for the power-generation software that Versify provides. New regulatory requirements are forcing generators to automate and update their business processes. Renewable generation continues to grow rapidly, and integrating intermittent resources into the nation’s electric grid poses particular challenges. As well, there is a high level of electric price volatility as environmental regulation accelerates the turnover of the nation’s generating fleet.

“We are genuinely delighted to add Michael’s process discipline and financial and operational expertise, as process excellence is part of Versify’s DNA,” said Pete Cona, Versify’s president and chief executive officer. “We are moving to our next level of growth, and strengthening our management team in all key operating disciplines is an important part of that.”

About Versify Solutions

Versify Solutions Inc. provides SaaS and PaaS application solutions that integrate a company’s vast data sources to improve performance, reliability and efficiency of generation assets. Versify products including V-PERFORMANCE®, V-TRADER®, and NETcompliance® offer generators and energy traders better information, empowering them to perform at the highest levels. The company offers a unique portfolio of analytical applications and services that provide key insights into generation performance, regulatory compliance, power-plant outage management and trading market opportunities. For more information, please visit http://versify.com/.

 

 


Latest Research Among Leading Power Producers Shows Pay Off For Generators Using Integrated Analytics

For more information: John Egan, 720-949-4906

John@EganEnergy.com

Glen Mills, Pa. (April 29, 2014) — Versify Solutions, a leading SaaS provider of integrated analytics to power generators, is helping some of the nation’s largest power producers improve financial and operational performance despite today’s turbulent market conditions. The successes of generators like Duke Energy, LS Power and Acciona are summarized in a recent, third-party research report entitled Power Producers Can Use Integrated Analytics to Drive Margin, Reduce Risk and Improve Asset Performance.

 

Versify’s integrated analytics platform helps investor-owned utilities (IOUs) and independent power producers (IPPs) significantly improve and integrate operations, dispatch, trading, compliance and other critical generation-support functions in as little as 90 days. The latest study found users have recouped, on average, a return of seven times their Versify software investment, with some as high as 20 times. Their returns are based both on increased margin and cost savings. Users report saving as much as $500,000 in a single instance and increasing revenues in increments of $10,000 to $20,000 per plant at a time — often adding up to millions annually.

 

Versify CEO Pete Cona said, “We are sharing this research with the market to show how our integrated analytics help generators create measurable value in a very challenging environment. When it comes to managing all the varying types of generation, including renewables, the days of legacy processes are giving way to more automated systems that can provide enhanced analytics and operational work flows that help improve and execute decisions and processes across the commercial operations enterprise.”

 

“Today, Versify is creating value in a number of ways including analytics, operations support and compliance management,” Cona continued. “Power generators are clearly benefitting from investments in integrated analytics. We’re happy to help our clients get ahead — and stay ahead — of a constantly moving curve.”

 

Copies of the research paper are available here.

 

About Versify Solutions

Versify Solutions Inc. provides SaaS and PaaS application solutions that integrate a company’s vast data sources to improve performance, reliability and efficiency of generation assets. Versify products, including V-PERFORMANCE®, V-TRADER®, and NETcompliance® offer generators and energy traders better information, empowering them to perform at the highest levels. The company offers a unique portfolio of analytical applications and services that provide key insights into generation performance, regulatory compliance, power-plant outage management and trading market opportunities. For more information, please visit http://versify.com/.

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Versify Signed Multi-Year Software Contract with GDF SUEZ Energy North America, Inc.

For more information: John Egan, 720-949-4906

John@EganEnergy.com

Glen Mills, Pa.  — Versify Solutions Inc. signed a multi-year contract with GDF SUEZ Energy North America, Inc. to provide an advanced software solution for corporate-wide reliability event logging. Under the contract, GDF SUEZ Energy North America will use two of Versify’s hosted solutions — Event Logging and NETcompliance™ — to streamline the collection of regulatory information.

“Regulatory compliance requires capturing an enormous amount of data in a timely, highly organized, and easily recoverable way,” said Ken Lackey, vice president, Commercial Operations, in portfolio management. “After a comprehensive review process, we selected Versify because its software provides an automatic way of monitoring and managing compliance standards.”

Lackey continued: “Versify is delivering a solution that easily integrates with our existing systems to deliver compliance visibility and reporting throughout the organization.” GDF SUEZ Energy North America will deploy the software at its Houston headquarters to be used by multiple groups including the generation dispatch desks to capture compliance information associated with the approximate 10,000 MW of merchant generation which the desks manage in the United States.

Pete Cona, president and chief executive of Versify, said, “We are very pleased to be working with GDF SUEZ Energy North America. We have a robust application to address their compliance management and reliability event logging needs. Versify has a strong solution for generation owners and operators as the basis for creating an enhanced, comprehensive culture of compliance.”

About Versify Solutions

Versify Solutions Inc. provides SaaS and PaaS application solutions that integrate a company’s vast data sources to improve performance, reliability and efficiency of generation assets.  Versify products including V-PERFORMANCE®

V-TRADER®, and NETcompliance® offer energy traders and generators better information, empowering them to perform at the highest levels. The company offers a unique portfolio of analytical applications and services that provide key insights into generation performance, regulatory compliance, power-plant outage management and trading market opportunities.  For more information, please visit http://versify.com/.


About GDF SUEZ Energy North America

GDF SUEZ Energy North America manages a range of energy businesses in the U.S., Mexico, and Canada, including electricity generation and cogeneration, natural gas and liquefied natural gas (LNG) distribution and sales, and retail energy sales and related services to commercial and industrial customers, and to residential customers via its Think Energy® brand. Natural gas and renewable fuels—wind, hydro, biomass, and solar—power more than 90% of the company’s 13,000 MW generating fleet. The company's natural gas assets include an LNG receiving terminal just north of Boston, Massachusetts, and natural gas distribution networks and pipelines in Mexico that serve more than 400,000 customers. The company’s retail electricity business serves nearly 50% of the Fortune 100 companies. GDF SUEZ Energy North America is a part of the international energy group GDF SUEZ. For more information, please visit www.gdfsuezna.com.