XPV Water Partners, a growth equity investor that makes investments in the water sector, recently announced it has supported a management buyout of Metasphere Ltd., an internationally-recognized end-to-end provider of remote telemetry solutions.
Metasphere has been operating in the remote monitoring and control business for 30-plus years and its products and services are widely recognized in the industry with solutions that improve process efficiency, meet regulatory requirements and preserve valuable natural resources.
“We have been building a relationship with this company for the better part of two years and are impressed with its growth profile, technology and customer base,” said Khalil Maalouf, partner at XPV Water Partners. “Our partnership will focus on helping the company expand its relationships with utilities and grow its offering. We are pleased to partner with a management team that is dedicated to contributing to the growth prospects of such an exciting company.”
Metasphere utilizes the latest technology and products including IoT to ensure extensive functionality, with unparalleled reliability and scalability, and to reduce the cost of telemetry ownership for customers seeking to monitor time critical remote assets and systems. The company offers a full range of battery and mains powered remote telemetry units, that deploy a variety of communication protocols, and which are sensor agnostic, to suit a wide range of application requirements. A web-hosted system offers a simplified telemetry monitoring platform while applications support connectivity of devices using IoT. Metasphere serves the increasing needs of many major utility companies throughout the UK, Europe, and Australasia.
“I am proud of the success and industry respect that our brand has achieved,” said Tim O’Brien, Metasphere CEO. “This partnership with XPV Water Partners will enable Metasphere to significantly increase our presence and support in the telemetry market. It will allow us to enhance our ability to deliver value to our customers through the development of technology and services that is adaptive to the needs of utilities worldwide.”
XPV Water Partners is comprised of water entrepreneurs, operators, and investment professionals. XPV partners with, invests in, and actively supports water-focused growth companies so they can grow and deliver value for all stakeholders. XPV manages more than $400 million in investment capital from some of the top institutional investors in North America, Europe, the Middle East and Asia.
Metasphere Ltd provides robust asset monitoring of time critical remote operations for operators to gain competitive advantage and meet regulatory compliance. The ability to monitor remote assets and systems in real time is a defining process of telemetry and in order to achieve this, Metasphere provides system solutions using its own components combined with the latest technology and products.
