South Bend Tech Company Acquired

Posted: Updated:
Financial terms of Xylem's acquisition of EmNet were not disclosed. Financial terms of Xylem's acquisition of EmNet were not disclosed.
SOUTH BEND -

A South Bend-based company focusing on water and wastewater management technology is under new ownership. EmNet LLC has been acquired by global water technology company Xylem Inc. (NYSE: XYL) in New York. Financial terms of the deal were not disclosed.

EmNet specializes in real time decision support systems, or RT-DSS, which it says was developed in an effort to solve challenges in watershed and collection systems. The company was launched in 2004 as part of a collaborative partnership between the city of South Bend and the University of Notre Dame.

Patrick Decker, chief executive officer of Xylem, says the acquisition is important "because it significantly increases our ability to help customers manage their wastewater network and stormwater systems, areas of growing concern. Cities and utilities around the world are trying to effectively manage the challenges of aging infrastructure with limited resources. EmNet is leveraging technology to provide more effective solutions that actually improve their customers’ overall economics.”

The city of South Bend has been the beta client for EmNet as it developed its RT-DSS platform. South Bend Mayor Pete Buttigieg says the company has been a "shining example of city government and tech firms collaborating to find solutions." He calls the company a "true success story."

Xylem did not say whether any jobs would be affected by the acquisition. 

  • Perspectives

    • Richardson is a senior manager with Centric Consulting.

      Marketing and Sales Alignment – Easier Than You Think

      There was a time, and perhaps you’re still living in it, where marketing is expected to drive sales leads, conversations, magically help close deals, and all sorts of expectations a marketing team can never meet. This period exists because there is a misalignment in those expectations of what marketing should do and what sales should do. I like to start with the basics. Is your company providing a product or service? Is it easy to sell? Is it cheap? Do your customers buy once?

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Wesemann Hall at the Valparaiso University Law School (photo courtesy Tony V. Martin/The Times of Northwest Indiana)

      Valpo School of Law Transfer Denied

      A proposal to transfer Valparaiso University's law school to another university has been shot down. The Tennessee Higher Education Commission has denied the transfer to Middle Tennessee State University, which would have led to the creation of a College of Law at the school. 

    • Daniels Envisions Purdue, Region as 'Cooler Place'

      Purdue University President Mitch Daniels says a more than $1 billion live, work, play development on the West Lafayette campus will be a magnet for attracting and keeping top talent in the region. The Discovery Park District is part of a 30-year vision to transform the west side of the Purdue campus and create a "preeminent environment" for educational, economic, cultural and community activities in the region.

    • Manufacturer to Close in Muncie

      Illinois-based JD Norman Industries is planning to close its facility in Muncie. In a notice to the state, the company says the decision will result in the layoffs of 130 employees. JD Norman did not provide a reason for the closure.

    • Mega-Merger Involves Fort Wayne Operation

      A defense industry contractor with a significant presence in Fort Wayne has announced a merger agreement. Florida-based Harris Corp. (NYSE: HRS) and L3 Technologies Inc. (NYSE: LLL) in New York say the combination will create the sixth-largest defense company in the country. In early-2015, Harris completed the $4.75 billion acquisition of Exelis, a long-time manufacturer of military radio technology in Fort Wayne. Shortly after the acquisition, Harris consolidated...

    • Ambrose: White River to be Centerpiece of $1.4B Project

      The Indianapolis-based developer of the city's former GM Stamping Plant site says it's excited about the $1.4 billion downtown district sitting next to a "major natural asset." Ambrose Property Group Senior Vice President Andrew Greenwood says the Waterside development will embrace the White River, which he believes "historically the city and the state have kind of turned their back on." He says the river will provide recreational opportunities at Waterside...