Palladio Finanziaria exits Energeya to Sungard

Following completion of the deal, Energeya will trade under the Energeya brand.

Sungard was attracted to the deal by the additional data management and forecasting Energeya's XDM software provides. It also views the transaction as an opportunity to expand its European presence.

In the two years since Palladio Finanziaria's investment, Energeya has agreed contracts with EDF Group's Edison, Italian natural gas shipper 2B Energia, Belgian shipping company European Energy Pooling and Italy-based Meta Energia.

Previous funding
Palladio Finanziaria acquired a minority stake in Energeya in May 2013, with capital drawn from Venice European Investments, a €600m vehicle.

Company
Founded in 2008 and headquartered in Monza, near Milan, Energeya provides software to the European gas and power industries. The business has additional offices in Cagliari, Rome, London, Florida, and Groningen in the Netherlands.

People
Maurizio Casubolo is a managing partner at Palladio Finanziaria. Alessandra Todde is CEO of Energeya. Andrew Bateman is president of Sungard's energy business.

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