Investment to support FATHOM’s continued growth and market leadership
PHOENIX, ARIZONA December 2, 2014 FATHOM, the leading provider of integrated utility-to-utility, cloud-based data and customer service solutions for water utilities, today announced it has secured additional funding to further product development and strengthen its leading position in the water sector. The investment round includes funding from Silver Lake Kraftwerk and existing FATHOM investor XPV Capital Corporation.
Mr. Trevor Hill, Chairman & Chief Executive Officer of FATHOM, stated, “Our mission is simple: unlock the power of data to allow utilities of all sizes to more effectively manage our most precious resource, water. With this additional capital and a new partnership with Silver Lake Kraftwerk, we look forward to strengthening and expanding our offering of innovative solutions that enable water utilities to increase revenue, reduce costs and enhance customer service.”