Itineris

What Itineris does

Itineris is a Belgium-headquartered vertical SaaS provider founded in 2003 that builds the UMAX Utility Suite, a cloud-based CIS, CRM, ERP, and data platform purpose-built for electricity, gas, water, wastewater, stormwater, and EV charging operators. The platform is natively built on Microsoft Dynamics 365, Azure, and the Power Platform, with Microsoft Copilot AI embedded throughout for case resolution, conversational intelligence, knowledge retrieval, predictive analytics (e.g., energy portfolio recommendations, water leak detection), and dynamic 15-minute pricing. The product architecture follows a platform-plus-modules approach (UMAX Customer Platform core, UMAX Real-Time, UMAX Add-ons, Field Services, Customer Self-Service, Customer Engagement, and Marketing), with the Verity spin-off adding real-time time-series data capabilities originally derived from the 2021 Opinum acquisition.

The company serves over 30 utility customers across 7 countries and 11 states, spanning municipal water utilities (Dallas Water Utilities, Fort Worth Water, NYC DEP, RWA, Sarasota County, Broward County), European water utilities (De Watergroep, Waterbedrijf Groningen, Evides, Dunea), and energy suppliers (Enovos, SSE Business Energy, Guernsey Electricity, SEFE Energy UK, EP Commodities, Eneco). Revenue mechanics center on long-cycle multi-year SaaS subscriptions (6-10 years) bundled with managed services and implementation services, sold via direct enterprise field sales with senior leadership involvement. The company employs over 550 utility domain experts across Belgium, the UK, North America, and India.

In June 2025, Belgian/U.S. private equity firm Cobepa acquired a majority stake to accelerate global expansion, with founder Edgard Vermeersch remaining the largest non-institutional shareholder. Recent strategic moves include the July 2025 launch of Verity as an independent spin-off for real-time energy transition data solutions, a February 2026 Hyderabad hub launch scaling to 150 professionals, leadership team restructuring in May 2025, and a wave of U.S. customer wins (Dallas, Fort Worth, Gwinnett County, Arizona Water) plus go-lives at RWA, Sarasota County, Broward County, and Dallas through 2026. Certifications include ISO/IEC 27001, with SOC 2 Type II inherited via the Microsoft Dynamics 365 platform.

Name

Itineris

Legal name

Itineris NV

Website

https://itineris.net

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Itineris is a Belgian vertical SaaS provider that builds the UMAX Utility Suite, a cloud-based CIS, CRM, and ERP platform purpose-built for water, energy, and EV utilities on Microsoft Dynamics 365, serving 30+ utility customers across 7 countries with long-term enterprise contracts.

Ownership category

akta.pro rank

Product category

Utility Management Software

NAICS

Software Publishers (5132), Computer Systems Design Services (541512)

SIC

Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Core ERP Suites (Financials, Procurement, Projects) (HDAEAEAA)

Keywords

• Utility management software
• Customer information systems
• Utility CRM platform
• Energy billing software
• Water utility SaaS

Headquarters

HQ city

Sint-denijs-westrem

HQ country

Belgium

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. SaaS Subscription (UMAX Utility Suite): Cloud-based CIS, CRM, and ERP solutions delivered as subscription services on Microsoft Dynamics 365 and Azure. Contracts typically span 6-10 years with managed services components.
2. Managed Services: Ongoing managed services agreements including support, maintenance, and continuous platform updates. EP Commodities renewed with a 6-year managed services agreement.
3. Implementation Services: Professional services for system implementation, configuration, and deployment of UMAX solutions.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Itineris develops, sells, and implements the UMAX Utility Suite, a cloud-based CIS, CRM, ERP, and data platform built natively on Microsoft Dynamics 365 and Azure with embedded Microsoft Copilot AI. The suite is purpose-built for electric, gas, water, wastewater, stormwater, and EV charging utilities, delivered as multi-year SaaS subscriptions backed by managed services and professional implementation.

Product overview

Itineris offers the UMAX Utility Suite, a platform-plus-modules architecture built on Microsoft Dynamics 365. The core UMAX Customer Platform provides CRM, CIS, ERP, and data management capabilities specifically designed for utilities, with UMAX & AI natively embedding Microsoft Copilot. The suite extends through UMAX Real-Time (advanced pricing, simulations, and analytics), UMAX Add-ons (additional capabilities), and specialized modules including Field Services, Customer Self-Service, Customer Engagement, and Marketing. Verity, a recently launched spin-off, provides advanced real-time data solutions for energy transition support available as add-ons to the UMAX platform.

Differentiator

Problem solved

Functional benefit

Brands

• Verity: Advanced real-time data solutions spin-off supporting energy transition for utilities, combining Opinum time series data management expertise with Itineris' utility sector knowledge. Led by Managing Director Stijn Degrieck with over 50 professionals.
• UMAX Customer Platform
• UMAX Real-Time
• UMAX Add-ons

Products and services

• UMAX Utility Suite A comprehensive cloud-based set of CRM, CIS, ERP, and Data solutions specifically designed for utilities, built natively on the Microsoft Dynamics 365 platform with Azure cloud infrastructure and Microsoft Copilot AI. Connects all utility processes from customer service to metering on one unified platform, with multi-year SaaS contracts. Target customers are electric, gas, water, wastewater, stormwater, and EV charging utilities.
• UMAX Customer Platform The core component of the UMAX Utility Suite, featuring modules that help utilities streamline business processes and boost customer engagement. Includes customer information system, customer service, and customer relationship management capabilities purpose-built for utility operations.
• UMAX Real-Time An advanced extension of the UMAX Customer Platform enabling dynamic pricing, imbalance management, what-if simulations, and actionable insights. Provides real-time data analytics and visualization for smart meter data from multiple sources, supporting both energy and water utility use cases.
• Verity Advanced real-time data solutions company spun off from Itineris in July 2025, uniting the Opinum team's time series data management expertise with Itineris' deep understanding of the utility sector. Delivers solutions supporting the energy transition for energy and water utilities, available as add-ons within the UMAX software suite.

Quantifiable outcome

• Reduce inquiries for customer support representatives
• +8 more outcomes

Named customers34 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability8 records

Feature12 records

Partnerships

Ten partnerships are on record, tiered minor, core and strategic.

• Talent SmartminorOthers · 26 February 2026Indian talent partnership firm that has worked with Itineris over the past three years to support growth in India.
• EP Commodities (formerly PZEM)coreStrategic or Co-development Partner · 7 January 2026EP Commodities, a B2B energy supplier in the Netherlands, renewed a 6-year managed services agreement with Itineris. Partnership began in 2008. EP NL acquired PZEM in 2023 and reaffirmed trust in Itineris after vendor ecosystem review.
• VeritystrategicTechnology or Integration · 10 July 2025Spin-off company launched by Itineris combining Opinum time series data management with Itineris utility expertise. Led by Stijn Degrieck. Verity solutions are available as add-ons within UMAX software suite. Loïc Bar (Opinum founder) contributed to commercial and product strategy.
• MicrosoftcoreTechnology or IntegrationPlatform partner for Dynamics 365, Azure cloud, Power BI, PowerApps, and Copilot AI. UMAX is built natively on Microsoft Dynamics 365 platform. Microsoft provides infrastructure, security, and AI capabilities.
• PaymentuscoreTechnology or IntegrationIntegration partner for electronic billing and payment software. Paymentus solutions are fully integrated with UMAX for multiple customers including City of Dallas, RWA, and Sarasota County.
• De WatergroepcoreStrategic or Co-development PartnerFlanders' largest drinking water company extended partnership by 5 years. Partnership began in 2007, highlighting strong relationship and mutual trust. Represents longest-standing major customer relationship.
• OpinumcoreTechnology or IntegrationTime series data management company acquired by Itineris in 2021. Now part of Verity spin-off. Provides data management expertise for energy transition support.
• DataEdgeminorOthersIndian talent landscape partner that has supported Itineris' growth in the region over the past three years.
• ANSRminorImplementation/ SI/ Consulting PartnerPartnered with ANSR to establish and scale the Hyderabad hub, drawing on ANSR's expertise in building and operating technology and innovation centers across India.
• Government of Telangana (Department of ITE&C)minorOthersLocal government department supporting Itineris' Hyderabad hub establishment. Chief Strategy Officer Sreekant Lanka inaugurated the hub.

Scale indicators12 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Oracle Utilities (Oracle Customer Care and Billing): Oracle's utilities division is one of the largest CIS/billing vendors for global water and energy utilities. Like Itineris, it sells end-to-end CIS/CRM platforms to municipal and investor-owned utilities, making it a primary direct competitor in the same enterprise RFPs.
• NISC (National Information Solutions Cooperative): NISC provides software and managed services to electric, water, and telecommunications cooperatives and municipal utilities in the U.S., directly overlapping with Itineris's municipal water utility customer segment and CIS/CRM/ERP scope.
• Tyler Technologies (Utility Billing / CIS): Tyler Technologies serves municipal and county governments with software including utility billing and ERP. It targets the same government/utility buyer as Itineris and is a frequent competitor in municipal CIS RFPs.
• Open International (Open Smartflex): Open International provides Smartflex, a CIS and field service suite for water, electric, and gas utilities in the Americas. It targets the same municipal and cooperative utility buyer as Itineris with similar meter-to-cash functionality.
• Cayenta (Harris Computer Systems / N. Harris): Cayenta, part of Harris Computer Systems, is a long-standing CIS vendor for municipal water, sewer, and electric utilities in North America. It is a direct competitor for legacy CIS replacement deals of the kind Itineris is winning in the U.S.

Broad incumbents

• SAP IS-U (Industry Solution for Utilities): SAP IS-U is a long-standing CIS/billing platform serving large electric, gas, and water utilities globally. As a broad ERP incumbent with a utilities vertical, it competes for large utility transformations similar to those Itineris targets with UMAX.
• Salesforce Industries (Energy & Utilities Cloud): Salesforce's Energy & Utilities Cloud is a CRM-first platform used by utilities for customer engagement and field service. As a broad CRM incumbent extending into utility-specific workflows, it is a competitor for the customer-engagement layer of UMAX.

Emerging players

• Vertex (Vertex CIS for Utilities): Vertex offers tax and utility billing software for local governments and utilities, including CIS-style functionality for small-to-mid municipal utilities, overlapping with Itineris's municipal water segment at the lower end of the market.
• Power Factors: Power Factors offers a renewable energy asset performance management platform used by wind, solar, and storage operators. It overlaps with Itineris/Verity's energy-transition data ambitions rather than its core CIS business, representing an adjacent emerging peer.

Others

• Esri (ArcGIS Utility Network): Esri's ArcGIS platform, particularly the Utility Network, is widely deployed at water and electric utilities for network/asset management. While not a direct CIS competitor, it is a complementary or competing system for utility operational data that often co-exists with platforms like UMAX.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ITINERIS_NET
• Facebookfacebook.com/itineris.umax
• LinkedInlinkedin.com/company/itineris

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Itineris