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

    • Can You Fulfill Your Quest?

      All of us have dragons to slay. At work or at home, in personal or professional relationships, each of us is on a Quest to find the treasure or save the prince/princess. Or perhaps, our goal is more prosaic: getting that promotion, standing up to that bully, or finishing that big project. In his book The Seven Basic Plots, Christopher Booker lists seven story forms which story tellers employ over and over. Each is plot is linked to a fundamental metaphysical Question that we...

    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

    • High Schools Launch Manufacturing Businesses

      Two student-run manufacturing businesses have launched in southern Indiana. The companies, Eagle Manufacturing at Brown County High School in Nashville and Lion Manufacturing at Loogootee High School in Martin County, are designed to give students hands-on, real world experience. The businesses were funded with grants from Bloomington-based nonprofit Regional Opportunity Initiatives Inc. In an interview with Inside INdiana Business, ROI Chief Executive Officer...

    • Project to Transform Historic Madison Mill

      A collaboration has been formed to rehabilitate the historic Eagle Cotton Mill along the Ohio river in downtown Madison. Riverton LLC has joined forces with the city of Madison and the Indiana Economic Development Corporation to transform the vacant site into a boutique hotel and conference center. The three-story, 104,000 square foot building was built in 1884 and used to make twine and fabric before closing in 1937. The building was bought by Madison-based Meese Inc. but...

    • Buttigieg Launches Presidential Exploratory Committee

      South Bend Mayor Pete Buttigieg has announced he has launched a presidential exploratory committee. The Democrat, who is in his eighth and final year as mayor, served as a lieutenant in the U.S. Navy Reserve and ran in 2017 for Democratic National Committee chair. Buttigieg was elected mayor in 2011 and re-elected in 2015. In December, he announced he would not seek a third term. At the time, he would not comment on a possible presidential bid, but said he would continue working...
    • Hogsett Details Infrastructure Plan

      Indianapolis Mayor Joe Hogsett and the city's Department of Public Works have unveiled a $126 million plan for infrastructure improvements throughout the city. The mayor says the effort will focus on resurfacing roads, rehabilitating bridges and increasing pedestrian safety.

    • Hoosier Companies Among 'Most Admired'

      Two Indiana companies are included in Fortune's 2019 list of the "World's Most Admired Companies." The list was determined by a survey of nearly 4,000 executives, directors and analysts who rated companies in their own industries based on criteria such as investment value, quality of management and ability to attract talent.