powercloud announces a crucial strategic initiative to concentrate its efforts and resources on its flagship product, the original powercloud billing core (Retail Core Service, “RCS”). This pivotal decision follows an extensive review of the company’s product portfolio and market positioning.
The review, which included valuable feedback from customers and a thorough technical evaluation, reinforced the respect the RCS technology stack has in the marketplace – a fact that significantly influenced Hansen’s decision to acquire powercloud. The capabilities of RCS, coupled with its proven success in the market, underscore the strategic importance of this product for powercloud’s future growth and innovation. Within this strategic direction, powercloud has decided to transition away from the product variant “powercloud Flex”. This decision, though challenging, required a significant reorganisation of the company and the departure of some valued colleagues. Ultimately, this is about delivering substantial benefits to our clients.
By channelling its efforts towards RCS, powercloud aims to enhance its product suite, ensuring it meets and exceeds client needs with enhanced service and innovation. This focus will particularly benefit existing customers, reaffirming powercloud’s position as the preeminent provider of the leading Customer Information System (CIS) application in the German market.
“We are confident that this re-focusing will strengthen our organisation and enable us to deliver even greater value to our clients,” said John May, MD of powercloud. “Our unwavering commitment to RCS positions us to redefine our standing as the foremost CIS application provider for energy retailer and municipal utilities in Germany and beyond. This focus also represents a maturing of the powercloud business and the whole powercloud team is now engaged on a common goal, and we are excited by the future of our company.”
Additionally, powercloud is in the early stages of developing a new Grid product, further expanding its innovative product suite. powercloud believes that this renewed focus on its original core product, complemented by the development of the new Grid product, will drive ongoing innovation and operational excellence, solidifying its position as a leader in the energy software market.
