About the Trove Deal
February 25, 2020, Philadelphia, PA
Mufson Howe Hunter & Company is pleased to announce that TROVE Predictive Data Science, Inc. (“TROVE”), a provider of predictive analytics solutions for the utility industry, has been acquired by E Source (“E Source”), a portfolio company of Align Capital Partners (“ACP”).
TROVE, founded in 2002 and headquartered in Buffalo, New York, is a leading provider of predictive analytics solutions for the utility industry. TROVE aims to assist its utility clients better utilize their data in order to optimize decision making. TROVE’s talented team of data scientists and engineers have developed artificial intelligence (“AI”) software to help clients make better, data-driven decisions in order to improve their bottom lines, reduce operational risk and increase customer satisfaction.
Mufson Howe Hunter acted as TROVE’s exclusive financial advisor for the transaction. This engagement underscores MHH’s commitment to partnering with leading software and services companies that leverage artificial intelligence, machine learning and big data to deploy cutting-edge, vertically focused solutions.
About TROVE: TROVE Predictive Data Science, Inc. founded in 2002 and headquartered in Buffalo, New York, is a leading provider of AI software and services, bringing data intensive utility clients the technology, expertise and proven delivery methodology needed to make their data useful quickly and cost-effectively. Using the latest technologies and techniques, including AI, deep learning and machine learning, TROVE’s AI software–its “Solvers”–and team–the “Science Squad”®–complement the people, data and systems of clients to turn the promise of Big Data into the reality of Business Value. TROVE is privately held and headquartered in Buffalo, NY. For more information, please visit www.trovedata.com.