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afinegy.com

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About Affinegy

Affinegy is a global supplier of service enablement and network management software solutions for the home. Broadband service providers, equipment manufacturers and premium care providers use Affinegy's products to power profitable quality connections for customers and have deployed Affinegy's solutions worldwide. Affinegy's software increases product and service adoption, slashes inbound support costs and improves customer satisfaction.

Affinegy Headquarter Location

1705 South Capital of Texas Highway Suite 310

Austin, Texas, 78746,

United States

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Latest Affinegy News

Austin-based Affinegy is Acquired by NISC

Apr 24, 2019

Austin-based Affinegy is Acquired by NISC April 24, 2019 by lalorek By LAURA LOREK, publisher of Silicon Hills News Melissa Simpler, Co-Founder and CEO of Affinegy, which just announced its acquisition by NISC, courtesy photo Homes are increasingly becoming smarter with devices like Nest thermostats, Ring doorbells, voice-activated assistants and more connecting them to the Internet. And Austin-based Affinegy , a 13-year-old company that creates software to manage Wi-Fi for the Internet of Things, has been at the forefront of the industry. This week, Affinegy, a privately-held company, announced it has been acquired by National Information Solutions Cooperative , known as NISC, based in St. Louis. Affinegy, founded in 2003 by Melissa Simpler and ArtLancaster, did not disclose the financial terms of the transaction. The companyis based at 1705 S. Capital of Texas Highway and has about 20 employees. Affinegy raiseda small Series A round of funding in 2007 from angel investors and later boughtmost of them out, said Simpler, Affinegy’s CEO. It has been bootstrapped andrunning on revenue since then, she said. Affinegy will rebrand as NISC User Services and maintainits Austin office, Simpler said. In fact, NISC plans to add more employees inAustin as Pedernales Electric Coop., based in Johnson City, is one of its largestcustomers in Texas, she said. Affinegy and NISC made the acquisition announcement inChicago at the NTCA Technology and Business Conference. “I’m really happy. It is such a good fit for our wholeteam. They bought us for very strategic reasons,” Simpler said in a phoneinterview. “This is the way they definehow they go forward in the marketplace. That’s how strategic they view what wedo to their future.” Affinegyprovides connected device management and service enablement software for thehome and small business to telecom and broadband providers. Its software offersseamless integration of video, data, voice over Wi-Fi for broadband, managedservice and customer support providers. It also has an app for consumers tomanage their connected devices in the home. Affinegy’sCHARIOT software platform makes it easy to turn on  entertainment, internet, security, homeautomation, and wellness services, Simpler said. NISChas launched the NISC User Services System which uses Affinegy’s software. NISCis offering it independently to its customers or part of its customer car and billingsolutions along with NISC’s Smarthub web and mobile tools for paymentprocessing and order management. NISC’s customers are primarily electric and telecomproviders in rural communities. NISCoffers a product called iVUE which provides accounting, engineering andcustomer care functions. Affinegy’s products will be available across itsplatform and will allow its members to provide enhanced broadband services toits customers. NISC has 835 energy and telecommunications members in all 50states, American Samoa, Palau and Canada. It has offices in Cedar Rapids, Iowa,Lake Saint Louis, Mo., Mandan, North Dakota and Shawano, Wis.  “The NISC UserServices System offers fast, automated diagnostics and single-click repairs forthe most common Wi-Fi connectivity and performance issues in broadband homes,”  David Bonnett, NISC vice president of productmanagement, said in a news release. “It also provides consumers with all theself-care capabilities for managing their home Wi-Fi networks and adding newservices.” The NISC-Affinegy combined product also lets broadband providers file reports with the Federal Communications Commission to access funds set aside for providing high-speed Internet service to rural areas. Many electric utility providers have installed fiber cable to homes in rural areas and are now using those networks to provide Internet service, Simpler said. Simpler graduated from the University of Texas at Austin with a degree in electrical engineering. She also later received an MBA from UT Austin. Before co-founding Affinegy, Simpler was a co-founder of Entregate. She has also served in corporate business and engineering management roles at Motorola, Dell and National Instruments. Share this:

Affinegy Acquisitions

1 Acquisition

Affinegy acquired 1 company. Their latest acquisition was Sagemcom TR-069 ACS Solutions Business on April 25, 2012.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/25/2012

$99M

Acquired Unit

Date

4/25/2012

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired Unit

Sources

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