As 2012 draws to a close Enverian can look back with a great deal of satisfaction at the strides the business has taken over the past twelve months.
The year began with the company securing a €1 million investment in a first fundraising round by the AIB Seed Capital Fund, Enverian company directors and Enterprise Ireland. This capital injection enabled us to commercialise our product and grow the business.
A significant milestone was reached with the launch of our second generation portfolio and project management business solution, Enverian Developer. This included a number of ground breaking new features such as integrating the solution with Microsoft Project, more powerful charting capabilities and enhanced financial modelling systems with the in-built flexibility to be able to respond to different price regimes (PTC, ROCs etc.) and report on key industry metrics (IRR, NPV, LCOE etc.).
Additional functionality followed thereafter putting Enverian Developer in a class of its own. Scenario Planning allows users to create what-if scenarios against a base case by having the ability to change key input variables and assumptions while risk and resource alerts provide an indication of immediate and potential issues that may affect project delivery. Further information on our enhanced Business Intelligence engine is available here on our website.
Recognition of our achievements came in May when Enverian walked away with the award for Best Angel or VC Backed Startup of the Year at the Startup Awards 2012. Making the announcement on the night, Bobby Kerr of Dragon’s Den fame proclaimed that: “The judges felt that Enverian should be awarded gold for an intuitive and intelligent product in a market with exponential growth potential, as well as being hugely ambitious”. Well said Bobby!
As a sign of the continued growth of the company a new website was launched in July to showcase our unique solutions and provide a better user experience to our customers. Additional client deals were also announced which included renewable energy industry leaders such as Mainstream Renewable Power and BrightSource Energy along with newcomers to the market such as Reforce Energy.
The year ended on a positive note with Enverian receiving much interest in its business solution from those attending the Irish Wind Energy Association Autumn Conference and the company also announcing plans to expand even further in the future.
We’d like to take this opportunity to express our thanks to all those who’ve helped contribute to our successes this year and look forward to a fruitful 2013.
Merry Christmas and Happy New Year,
For further details on some of our main achievements during 2012 please see:
Posted: December 20, 2012