Korys increases its stake in Greenbyte

 

18 September 2017

Korys increased its stake in Greenbyte by acquiring shares from historical shareholders who had been supporting the company from its early days in 2010. Among these shareholders are a number of business angels and the Swedish government investment firm Almi Invest.

 Korys entered into Greenbyte by subscribing to a capital increase in December 2016. During 2017 the company has deployed the capital for the enhancement of its product and services portfolio as well as the reinforcement of its sales team. The company has successfully signed contracts with new customers including larger players in the renewable energy sector both in Europe and in the US, a new geography offering a lot of potential going forward.

By increasing its stake, Korys underpins its support to the company and its management team. Together with the founders, Korys will now fuel the company’s growth for the years to come.

About Greenbyte

Greenbyte is a Swedish renewable energy software company founded in 2010. With compounded revenue growth of over 100% since 2010, the company currently has over 10 GW of renewable energy assets installed in its’ software service across 5 continents and 20+ countries.

Greenbyte offers the industry leading independent renewable energy management systems - Breeze and Bright – used globally by wind energy and solar PV owners, operators and asset managers to capture the full potential of renewable energy projects. Power plants are remotely connected to Greenbyte’s cloud based software via on-site SCADA systems – resulting in a single powerful tool to monitor, analyse, plan and control diverse renewable energy portfolios of any size.

www.greenbyte.com