Enverus Acquires BidOut

Acquisitions

▤ Summary

By connecting BidOut’s sourcing capabilities with Enverus’ solutions, users can now manage their entire procurement process in our single Source-to-Pay platform. Founded in 2020, BidOut is an energy’s AI-powered procurement platform provider that empowers buyers to source bids from multiple suppliers by streamlining the RFx creation process. Led by CEO Manuj Nikhanj, Enverus is an energy-dedicated SaaS company, with a platform built to optimize value from generative AI, offering anytime, anywhere access to analytics and insights. Its platform, with intelligent connections, drives more efficient production and distribution, capital allocation, renewable energy development, investment, and sourcing. It provides intelligence across the energy ecosystem: renewables, oil and gas, financial institutions, and power and utilities, with more than 6,000 customers in 50 countries.

▥ Classifications

industries
Fintech & Banking
applications
Data Management

◇ AskAI Classifications

Labels
Energy Software SaaS Energy Analytics

▦ Linked Companies

Enverus
$500M to $1B