The strategic decision will accelerate Origami’s mission to become the leading independent technology company in the green energy industry.
Origami has reaffirmed its strategic focus on product leadership, and investment into a core technology platform offering, with the divestment of its legacy DSO consulting business to Baringa, the global energy advisory firm.
The divestment represents the latest in a series of steps taken to accelerate Origami’s aim to become the leading independent technology company in the green energy industry.
Peter Bance, CEO of Origami, said: “We’ve made huge progress in the year since closing our Series C fundraise, led by Barclays, which really encouraged us to double down on our strategic focus of core technology development. We have strengthened our team with some really talented people, and we’ve secured some exciting customer contracts that are totally aligned with our strategy. Today’s announcement marks the next logical step in the journey.”
In the last two months alone, Origami announced an industry-leading 20-year Software-as-a-Service contract with energy services company Ylem Energy, as well as a deal with green energy investor Gresham House to use Origami's technology to help monetise their grid-scale energy storage battery assets.
Bance continued: “As a truly independent technology company, Origami’s focus is on building and investing in the most powerful open, modular, and configurable solutions for the energy transition. Only through digital transformation can we master the global energy transition. Our customers increasingly require powerful digital solutions to handle the real-time data streams which are key to success in increasingly complex and volatile markets. We’re delighted that our DSO consulting business and small, expert, team have now been transferred to Baringa, who are ideally placed to fulfil the remaining work given their extensive consulting experience in the energy, utilities and resources market.”
About Baringa
We set out to build the world’s most trusted consulting firm – creating lasting impact for clients and pioneering a positive, people-first way of working. We work with everyone from FTSE 100 names to bright new start-ups, in every sector. We have hubs in Europe, the US, Asia and Australia, and we can work all around the world – from a wind farm in Wyoming to a boardroom in Berlin. Find us wherever there’s a challenge to be tackled and an impact to be made.