Riverside signs agreement to sell Energy Exemplar to Blackstone, Vista Equity

The Riverside Company has signed a definitive agreement to sell Energy Exemplar, EE, a leading simulation software provider for the global power market, to private equity funds affiliated with Blackstone and Vista Equity Partners. Financial details were not disclosed. “We’re incredibly proud of our partnership and accomplishments with Energy Exemplar over the past six years,” said RAF Managing Partner Simon Feiglin. “During our partnership with EE’s Founder Glenn Drayton, we recruited CEO David Wilson and built an effective international management team and grew the employee base by 7x. We also scaled a small Adelaide-based software business into 79 countries with major offices in India, United Kingdom, North America and Singapore by establishing a global presence in sales, marketing, customer support and product development.”