Headwaters announced today that it advised OptiRTC, Inc. (Opti) on its formation as an independent company from parent company Geosyntec Consultants with the backing of MissionPoint Partners and Renewal Funds.
Opti integrates sensors, forecasts, and environmental information to actively control stormwater infrastructure — keeping water clean and cities safe. This smart water technology was developed, piloted and commercialized within Geosyntec. It delivers intelligent control and decision support solutions to U.S. municipalities and Fortune 500 companies.
"The Opti solution capitalizes on sensors, big data analytics and Internet-of-Things (IoT) technologies that offer significant promise to intelligently and cost effectively manage and protect our water and other environmental assets,” said Samrat Karnik, Managing Director at Headwaters MB. “For instance, managing stormwater is a significant environmental challenge and represents a $60 billion commercial opportunity in the U.S. driven by EPA compliance requirements. Opti’s platform is able to optimize system-wide infrastructure performance and meet stormwater compliance needs at a fraction of the cost of prevailing solutions. It can be deployed with relative ease and provides comprehensive intelligent management of green infrastructure.”
Headwaters recognized Opti's promise based on sector expertise and market research, and acted as exclusive financial advisor to Opti in the transaction. Terms of the transaction were not disclosed.
About OptiRTC Inc.
Headquartered in Boston, MA, Opti is a technology company that delivers Software-as-aService solutions to optimize the function of civil and environmental infrastructure. Opti's primary focus is the intelligent control of stormwater in urban environments to municipalities and Fortune 500 companies. For these infrastructure owners, Opti reduces operating and capital costs, enables environmental compliance, and reduces risk from volatile environmental conditions. For more information, visit www.optirtc.com.
About Geosyntec Geosyntec
Consultants, a 1,000 professional international consulting and engineering firm, works with private and public clients to address challenges involving our environment, natural resources, and civil infrastructure. For more information, visit www.geosyntec.com.
About MissionPoint Partners LLC
MissionPoint Partners is a private impact investment firm driving solutions to large-scale environmental and sustainability challenges faced by the world economy. For more information, visit www.missionpointcapital.com.
About Renewal Funds
Renewal Funds is an early-stage impact fund based in Vancouver, B.C., with $98 million under management. Renewal Funds is dedicated to delivering financial returns by investing in leading environmental and social mission businesses in Canada and the U.S. For more information on Renewal Funds and its portfolio, visit www.renewalfunds.com.