M&A Deal Summary

Sourcewater Acquires Digital H2O

On November 27, 2018, Sourcewater acquired internet software and services company Digital H2O from Genscape

Acquisition Highlights
  • This is Sourcewater’s 1st transaction in the Internet Software and Services sector.
  • This is Sourcewater’s 1st transaction in the United States.
  • This is Sourcewater’s 1st transaction in Illinois.

M&A Deal Summary

Date 2018-11-27
Target Digital H2O
Sector Internet Software and Services
Buyer(s) Sourcewater
Sellers(s) Genscape
Deal Type Divestiture

Target

Digital H2O

Chicago, Illinois, United States
Digital H2O, Inc. is a machine learning software company that develops an online oilfield water management analytics platform. Digital H2O was founded in 2013 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Sourcewater

Houston, Texas, United States

Category Company
Founded 2014
Sector Information Services
DESCRIPTION

Sourcewater, Inc. is a provider of oilfield water intelligence. Source water gathers data from its water marketplace, satellite analytics, government databases, market research, and IoT sensors to generate holistic, geospatial insight into oilfield water markets. Sourcewater was founded in 2014 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Genscape

Louisville, Kentucky, United States

Category Company
Founded 1999
Sector Information Services
DESCRIPTION

Genscape, Inc. is a provider of energy information for commodity and financial markets. Genscape was founded in 1999 and is based in Louisville, Kentucky.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-15 Locus Energy

New York, New York, United States

Locus Energy LLC is a provider of software services for solar monitoring.

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