Australian technology company BidEnergy Limited (ASX:BID) has signed an agreement with leading utility business Origin Energy.
The agreement will see Bid to deploy its Robotic Processing Automation (RPA) platform and analytics across Origin Energy’s Commercial and Industrial customers and will be progressively rolled out to 14,500 customers from September 2019.
The signing of the agreement follows Origin Energy’s successful pilot of BidEnergy’s RPA platform with customers earlier this year.
The scope of services for this subset of Origin Energy’s customers is for a three-year term and once customers under this agreement are using the platform, the revenue generated by BID will contribute a further 12.8% of the Company’s last reported ASR as at 30 June 2019. BidEnergy’s managing director, Guy Maine, said this first agreement sees the company supporting a significant
Energy retailer to provide a friendly data-rich experience for customers.
“This announcement today is yet another key step forward for BidEnergy’s platform becoming the industry standard for excellence in managing utility bills world-wide. “Organisations such as Origin Energy with a large and diverse portfolio of C&I customers are ideal partners for our RPA solution. We are seeing global interest in aspects of our platform from Utility companies, Energy brokers, and other market participants where our RPA solution can solve unique data management challenges.”