(NYSE: XYL), a global water technology leader, today announced that it has acquired Visenti Pte Ltd, a Singapore-based smart water analytics company that provides a suite of advanced products and services to enable smart management of water networks.
Visenti was spun out of the SMART research program at the Massachusetts Institute of Technology (MIT) and is focused on supporting water utilities in monitoring their infrastructure and optimizing their operations through advanced analytics. Its product portfolio is highly complementary to Xylem’s offerings, and targets the growing challenge of non-revenue water loss – treated drinking water lost due to leaks, theft or other causes.
According to the World Bank, the global estimate of physical water loss is 32 billion cubic meters annually, half of which takes place in developing countries. Throughout the Middle East, where water is scarce, the need to manage non-water revenue and protect the limited resources available is important. Addressing non-revenue water will help regional utilities improve service, reduce energy consumption and increase their resiliency to climate change. More importantly, water saved could be used to help increase the economic competitiveness of water-restrained countries.
“With Visenti, we have acquired a strategically valuable asset to strengthen Xylem’s offering in systems intelligence solutions, focusing on non-revenue water. Together, we will be able to help customers around the world solve one of their most significant and costly water challenges,” said Steve Leung, Senior Vice President and President, Emerging Markets, Xylem Inc.
Xylem and Visenti entered into a strategic partnership in 2012 to develop smart optimization of water networks by utilizing energy-efficient technology and smart sensing platforms for large-scale deployment projects in Singapore and Hong Kong.
Visenti’s products include real-time leak detection, identification of pipe network assets at risk of failure, operational simulations, meter data analytics and water quality monitoring. Visenti effectively integrates advanced software and hardware to enable water utilities to reduce energy and water wastage in real-time without compromising water quality and hydraulic standards. It was founded in 2011 and has 30 employees.