AUSTIN, TEXAS, June 20, 2016 -- FATHOM Water Management, Inc. (“FATHOM”), the largest software-as-a-service provider for water utilities, today announced that it has partnered with Accelerate H2O and Austin Technology Incubator (“ATI”) to form the Innovative Water Technology Demonstration Hub for Data and Instrument Integration. This demonstration hub will support the development of new business model innovations in the water industry and help bring them to market. The launch further supports Texas' commitment to solving water-related challenges and becoming a national leader in water resource management.
"This demonstration hub enables water technology innovators to validate their value propositions with experienced utility stakeholders,"said Richard Seline, executive director and senior advisor at Accelerate H2O. "With ATI’s proven ability to help growing companies build management teams and raise capital, and FATHOM’s built-in channel to market, we expect to attract water technology companies and significant investment capital to the Texas economy."
"We are excited to see this demonstration hub right here in Austin, Texas," said Bart Bohn, director of ATI Water. “It will help ensure the companies ATI supports have the best access to potential investors and water utility experts, including FATHOM, which will ensure the technologies scale and are effectively integrated into the fragmented water sector.”
"Our mission is to unite our industry by enabling water utilities of all sizes to unlock the power of the data they already have through new technology," said Trevor Hill, chief executive officer at FATHOM. "In support of this mission and to promote innovation, we are launching the FATHOM Store. The FATHOM Store provides a marketplace for utilities to find the technology they require and offers technology vendors a new channel to the water utility sector. FATHOM is excited to help emerging water technology innovators succeed, while enabling water utilities to increase revenue, decrease costs and delight their customers. FATHOM brings economies of scale to our fragmented water sector. There is strength in numbers."
About Accelerate H2O
AccelerateH2O was formed to identify the most efficient and effective pathway for technology development and deployment across Texas' residential, industrial, agricultural, and utility end-users. With over 18 university research centers, 4,600 water agencies, 5,000+ medium and large corporate campuses, and thousands of farms and ranches, Texas represents an undiscovered $9-billion water technology marketplace. Yet its first and foremost mission is to solve the most challenging problems facing Texans due to the ongoing drought and leverage opportunities sparked by the continued growth of the state economy. For more information, visit www.accelerateh2o.org.
About Austin Technology Incubator
The Austin Technology Incubator (ATI) is the startup incubator of The University of Texas at Austin. Founded in 1989, ATI is one of the longest-established startup incubators in the nation. ATI harnesses business, government and academic resources to provide strategic counsel and operational guidance to the most promising community- and university-derived startups, helping them to achieve rapid growth and success in the capital markets. ATI has been recognized by the State of Texas, the U.S. government and Kauffman Foundation as a best in class program and has received funding from each to help establish best-practices incubation programs throughout Texas and the Southwest. ATI serves startups across a range of technologies, with specialized programs focused on energy, water, bioscience, wireless, cyber security and university-derived innovations. Over the past 10 years, ATI startups have gone on to raise nearly $900 million in outside funding and create thousands of local jobs.
About FATHOM
Based in Phoenix, AZ with offices in Austin, TX and Alpharetta, GA, FATHOM is a software-as-a-service company helping water utilities do more with declining resources. With rapidly deployable, risk-free, cloud-based solutions that address all aspects of the meter-to-cash verticals for water utilities, FATHOM increases revenue, decreases costs and delights customers. FATHOM was built by a water utility, for water utilities and delivers a risk-free solution to more than 140 organizations around the world. There is strength in numbers. To learn more, visit www.gwfathom.com.
