Renewal2 Investment Fund announces its eighth portfolio company, Aquatic Informatics, a leading developer of software for water and climate data.
The amount of water and climate data available is enormous and the need to synthesize this data to make actionable recommendations and predictions is even greater. Nearly 2 billion people live in water-stressed areas of the world and 3 billion people have no running water within a kilometer of their homes. In 2010 the United Nations General Assembly overwhelmingly agreed to a resolution declaring the human right to 'safe and clean drinking water and sanitation.' In addition, the misuse of water is compromising the future of all life on the planet.
To address the issues of water and climate data management, Aquatic Informatics (AI) has developed a unique productivity software for the rapidly growing water and climate monitoring industry.
Based in Vancouver, B.C., AI is primarily focused on providing solutions to federal, state/provincial and local governments, as well as academics and consultants who collect and analyze large volumes of environmental data for the North American and Australasian markets. Key North American clients include the United States Geological Society (the world's largest water monitoring agency) and Environment Canada's Water Survey Canada. AI is also partnering with Greenspan, a subsidiary of Tyco Environmental Solutions to jointly develop and market complete solutions in Australia, South East Asia and the Middle East.
'Having accurate information about our water and climate systems is critical to the future sustainability of our world.' says Mike Cormack of Renewal2, 'We invested in AI because we believe that they have a great product, experienced team and that the environmental and social impacts will make us all proud to be their partners.'
For more information about Aquatic Informatics (AI) and their software products and services please visit their website.