ENSEK, the Nottingham-based retail energy SaaS software provider, has acquired Zoa in a deal which will see it significantly expand the technology capabilities it can provide to the sector.
ENSEK provides its mission critical operating platform to energy suppliers to deliver better customer experience and improved cost-to-serve, supporting new product innovation and the net zero transition through its digital platform.
Zoa’s AI-powered home energy management platform will complement ENSEK’s Ignition retail operating platform, creating a suite of technological solutions that will support both its customers’ increasing need to digitise, and help accelerate the energy transition.
As part of the deal, Zoa’s team of more than 45 employees will become part of ENSEK, taking the company to 550 employees.
Jon Slade, Chief Executive Officer at ENSEK, said: “The acquisition of Zoa is an important next step in realising our strategic vision to deliver a secure and sustainable energy system of the future.
“Bringing together our two businesses means we will be able to provide customers with an expanded offering, creating a unique platform for a new era of energy. This is an extremely exciting milestone not just for ENSEK and Zoa, but for our current and future customers.”
Zoa was formed following UK energy supplier Bulb going into administration. Over the past two years, it has built an innovative SaaS platform for electrification, enabling energy companies to use intelligent technology to drive and manage the rapid expansion of smart renewable energy devices.
Sara Brooks and Tom Fraine, Zoa’s Co-CEOs, said: “We are incredibly proud of the platform and business we have built at Zoa over the last two years. We recognise the need to move faster to meet the urgency of the energy transition, and joining forces with ENSEK strengthens our capabilities and supercharges our impact and will help millions of homes in the UK and beyond to decarbonise.”
