Aqist

What Aqist does

Aqist, a.s. is a Bratislava-headquartered, privately held Slovak IT company founded in 2014 that builds and operates the Billien software platform for utility companies across electricity, gas, heating, water, and other public services. The Billien product line is modular, comprising BillienTransmission (for transmission system operators covering cross-border and domestic nominations and product management), BillienDistribution (for distribution system operators covering billing, balancing, meter management, and market communications), BillienTrade (for energy suppliers covering customer, contract, and nomination management), BillienAMM (a DLMS/COSEM-based central information system for remote smart meter reading with stated capacity for 150,000+ meters), Billien AMM MDM (master and measured data management), FSMC (field service management), and a Data Warehouse/Business Intelligence module built on ETL, STAR schema, and OLAP cubes. The platform is developed by a team of more than 100 engineers and is integrated with SAP IS-U, SCADA, and the OKTE electricity market operator.

Aqist's revenue model is a hybrid of customized software delivery, recurring support (24/7 SPOC, defect remediation, updates), managed services (IT outsourcing, infrastructure operations), and professional services (custom development, security, consulting, training). Go-to-market is direct enterprise field sales into regulated TSOs, DSOs, and energy suppliers, with services scoped individually or as a full lifecycle from consulting through design, implementation, and complete outsourcing. Named customers include SPP-D (gas distribution, ~1.5M+ delivery points), Stredoslovenská distribučná / SSE-D (electricity distribution, ~740,000 customers), and EG.D in the Czech Republic (Smaragd smart metering pilot, ~27,716 points), each engaged through large, multi-year, integration-heavy programs. The company is geographically focused on Slovakia with early Czech Republic expansion, holds six ISO certifications (9001, 14001, 20000-1, 27001, 37001, 45001), and is backed by Sandberg Investment Fund SICAV (Sandberg Capital) as a shareholder.

Name

Aqist

Legal name

Aqist, a.s.

Website

https://aqist.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Aqist is a Bratislava-based IT vendor that develops the Billien modular software platform for European utility companies, serving transmission and distribution system operators, energy suppliers, and other utilities with smart metering, billing, and managed IT services.

Ownership category

akta.pro rank

Product category

Utility sector enterprise software

NAICS

Custom Computer Programming Services (541511), Computer Systems Design and Related Services (54151), Computer Facilities Management Services (541513), Other Computer Related Services (541519)

SIC

Services-Computer Programming Services (7371), Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

iBPMS (Intelligent BPM Suites) & Process Automation Suites (HDAEAHAG)

akta.pro secondary industry

Software/Application Support (SaaS, Enterprise Apps) (BPAAACAC)

Keywords

• Utility software platform
• Energy sector IT
• Smart metering software
• Distribution system operators
• Transmission system operators

Headquarters

HQ city

Bratislava

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Billien Software Delivery: Delivery of Billien product line software including package solutions, customization according to client needs, and implementation into existing infrastructure. Lower delivery costs compared to custom development.
2. Custom Software Development: Creation of complex software solutions for large-scale information systems in energy and utility companies, working with renowned companies to deliver client needs beyond product delivery scope.
3. Support and Service: SPOC (Single point of contact) for recording client requirements, phone support 24/7, defect removal, remote support, consulting and development services, and software updates.
4. Infrastructure Services: IT infrastructure analysis, consultation and design, delivery of IT and network infrastructure, implementation, management, maintenance, HW and SW service.
5. Security Services: Security strategy, audit and compliance, infrastructure security, terminal equipment security, identity management, physical security.
6. IT Outsourcing: Complete provision of systems operation, HW management in data centers, user support, service desk - without client-side staff.
7. Consultations and Training: Consultations for business units, IT consultancy, communication between business and IT, and training services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Aqist develops and delivers the Billien modular software platform and complementary IT services for utility companies operating in electricity, gas, heating, water and other public services. The platform comprises specialized modules (BillienTransmission, BillienDistribution, BillienTrade, BillienAMM, AMM MDM, FSMC and DWH/BI) that cover key business processes such as nominations, billing, balancing, customer and contract management, smart metering and decision support. The company also provides full-lifecycle services including consulting, custom development, implementation, 24/7 support, infrastructure, security and complete IT outsourcing.

Product overview

Aqist provides IT solutions and services to utility companies in electricity, gas, heating, water and public services sectors. The core offering is the Billien modular software platform, developed by a local team of over 100 developers, which includes specialized modules: BillienTransmission (for transmission system operators), BillienDistribution (for distribution system operators), BillienTrade (for energy suppliers), and BillienAMM (for smart metering/advanced metering infrastructure). Additional modules include Billien AMM MDM (meter data management) and FSMC (field service management). The company also offers professional services including custom software development, IT outsourcing, infrastructure services, security services, and 24/7 support. Solutions cover the complete lifecycle from consulting through design, implementation to operation and complete outsourcing.

Differentiator

Problem solved

Functional benefit

Brands

• Billien: Modular software product platform for utility companies covering key business processes
• BillienDistribution
• BillienTrade
• BillienTransmission
• BillienAMM
• Billien AMM MDM

Products and services

• Billien platform Core modular software platform for utility companies (electricity, gas, heating, water, public services) providing comprehensive solutions across key business processes; developed and maintained by a local team of more than 100 developers and targeted at enterprise utility customers.
• BillienTransmission Industry-specific solution for transmission system operators covering cross-border and domestic nominations, management of specific products for gas and electricity (supporting services, losses, ancillary products), and communication with market participants.
• BillienDistribution Comprehensive solution for distribution system operators covering customer and partner management, market operator processes, meter logistics, smart meter management, billing, balancing, nominations, and communication with market participants.
• BillienTrade Solution for energy suppliers covering customer management, contract management, product catalogues, sales support, nominations and communication with system operators.
• BillienAMM (Smart Metering Center) Central information system for remote smart meter reading and measured data processing, supporting DLMS/COSEM protocol communication with smart meters, automated data collection, processing and transmission to internal and external market entities, with capacity for over 150,000 smart meters.
• Billien AMM MDM (Meter Data Management) Master data management system for smart metering that manages all master and measured data for controlling infrastructure elements, evaluating measured data, and publishing through customer portals; capable of processing data from more than one million electricity meters.
• FSMC (Field Service Maintenance Center) Support IT system for managing maintenance of mobile workgroups, enabling utilities to plan, dispatch and track field crews for meter and network maintenance activities.
• Data Warehouse / Business Intelligence (DWH/BI) Management decision-support system providing multi-dimensional data views, reporting, KPI dashboards and pre-computed OLAP aggregations, built on a STAR schema data warehouse with ETL processes integrating data from Billien and other source systems.
• Custom Software Development Custom development of complex software solutions for large-scale information systems in energy and utility companies, addressing requirements beyond the scope of standard Billien product delivery.
• IT Outsourcing Complete outsourcing of systems operation, hardware management in data centers, user support and service desk, allowing the client to operate without its own IT staff.
• Infrastructure Services Analysis, consulting and design of IT and network infrastructure; delivery, implementation, management, maintenance and hardware/software servicing of that infrastructure for utility customers.
• Security Services Security strategy, audit and compliance, infrastructure security, terminal equipment security, identity management and physical security services for utility customers.
• Support and Service Single point of contact (SPOC) for customer requirements, 24/7 phone support, defect removal, remote support, consulting, development services and software updates.

Quantifiable outcome

• Processing capacity of more than 150,000 smart meters with data processed in approximately one hour
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• Landis+GyrcoreTechnology or Integration · 1 January 2017Landis+Gyr is the main subcontractor for the Smaragd smart metering project with EG.D. They supply electricity meters (E450), data concentrators (DC450v2 G3), Gridstream HES system, engineering and technological know-how for the project's implementation.
• TollNet, a.s.coreTechnology or IntegrationTollNet, a.s. is a partner company that provides the BillienAMM product used in Aqist's smart metering solutions. The company specializes in integrated solutions for energy utilization in public services, supplying electricity meters, concentrators, HES systems, engineering and technological know-how.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Others

• Landis+Gyr: Global smart-metering hardware and AMI infrastructure vendor that partners with Aqist on the EG.D Smaragd pilot (supplying meters, concentrators and HES). Adjacent in the smart-metering stack rather than a direct software competitor.

Direct peers

• Capgemini: Large IT services and systems integrator with dedicated utilities practice covering smart metering, billing, and grid operations — overlapping with Aqist's BillienDistribution and BillienAMM engagements.
• Atos: European-headquartered IT services and outsourcing provider serving utility and energy customers, comparable to Aqist's IT outsourcing and infrastructure service lines for DSOs/TSOs.
• NTT Data: Global IT services player with utility-sector systems integration and custom software work, comparable to Aqist's enterprise field sales motion and module-based utility platforms.
• CGI Group: Global IT services firm with a deep utility vertical practice, including systems integration, custom development, and managed services for DSOs, TSOs, and energy suppliers — directly comparable to Aqist's full-lifecycle delivery model.

Regional players

• Itron: Global metering infrastructure and utility data management provider, comparable to the smart-metering and meter-data management portion of Aqist's BillienAMM offering.
• Indra: Spanish-headquartered IT services and systems integrator with an energy and utilities vertical; comparable as a European regional services + custom software player serving regulated utility customers.
• TietoEVRY: Nordic-headquartered IT services and software house with strong energy and utilities practice in Northern Europe; comparable as a regional software/services specialist serving regulated utility customers.

Broad incumbents

• SAP: Owner of SAP IS-U and related utilities ERP stack that BillienDistribution has historically displaced (e.g., at SPP-D). The dominant incumbent platform supplier competing against Aqist in the utility market.
• Hansen Technologies: Established vendor of customer information and billing systems (CIS) for utilities globally; overlaps with Aqist's billing, customer management, and contract management functionality within BillienDistribution and BillienTrade.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/aqist

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

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

M&A

Investments

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

Frequently asked questions about Aqist