National Water & Power Raises $15 Million
Santa Ana-based National Water & Power Inc., a provider of billing and customer software to utilities, has received $15 million in funding from Energy Investors Funds Group, part of London-based Dresdner Kleinwort Capital, and others.
National Water & Power plans to use the money to expand its business. Formed in 1995, the company counts two businesses: NWPB, which focuses on the utility submetering and outsourced billing market, and Open-c Solutions, which focuses on customer-tracking software.
Other investors include DQE Enterprises Inc. (a subsidiary of utility DQE Inc.), Endeavor Capital Management LLC, Kline Hawkes & Co. and Ralph Wilson Equity Fund.
