- powercloud will now exclusively focus on the development of RCS for the DACH region, moving away from non-core activities and strengthening its path towards profitability.
- Additional investment has been allocated to R&D for the RCS application to consolidate its market leading position and continue providing enhanced value to customers.
- This renewed focus has necessitated a reduction in headcount to better align resources.
SaaS provider powercloud has successfully completed its strategic refocus on its flagship Retail Core Service (RCS) application. This shift, which concludes the realignment announced in May 2024, was driven by an extensive market analysis and internal survey over the past few months that included an evaluation of customer feedback.
As part of this move, powercloud will concentrate on strengthening its relationships with existing customers and exploring new opportunities within the DACH region – Germany (D), Austria (A) and Switzerland (CH). This marks a strategic move away from non-core activities pursued in previous years, including the company’s global expansion efforts and development of associated technology.
Supported by Hansen Technologies, which acquired powercloud in February 2024, the company is now realigned with its origins as a technology leader in the DACH region and well-positioned to return to profitability. To ensure RCS remains at the forefront of the energy sector, powercloud has committed further investment in research and development (R&D) initiatives aimed at driving innovation and delivering enhanced value to customers in the region.
powercloud is also deepening its collaboration with Hansen Technologies, leveraging their expertise in supporting customers in some of the most technologically advanced energy markets in the world. This collaboration will provide powercloud customers with greater support as well as access to Hansen Technologies’ award-winning utility products, including billing, market communications, energy data management (EDM), and AI-optimized power trading.
As part of this refocus, powercloud has made the difficult but necessary decision to reduce its headcount to ensure its resources are aligned with its renewed strategy. The company is offering affected employees comprehensive support, including severance packages and career counseling.
John May, Managing Director of powercloud said, “We are pleased that powercloud has returned to its strengths in providing leading advice and support to customers in the DACH region. The decision to reduce headcount was not made lightly but is necessary to ensure the company can continue supporting the energy sector’s needs, as well as set powercloud on a sustainable path to profitability. We are deeply appreciative of the dedication and hard work of our employees who have played a vital role in powercloud’s accomplishments to date. Moving forward, we have a clear strategy and are eager to leverage Hansen Technologies’ global expertise and bring innovative products and solutions to market. We are confident that these steps will benefit our customers and key stakeholders.”
Press Contact
Kai-Hinrich Renner
powercloud@schoesslers.com
+49 159 – 04 12 47 09
