CIMdata PLM Industry Summary Online Archive
20 July 2007
Implementation Investments
Water Desalination Company Chooses IFS Applications to Manage Explosive Growth, International Assets
IFS announced that Seven Seas Water Corporation has chosen IFS Applications to manage its business and plant infrastructure around the globe.
Headquartered in Tampa, Florida, Seven Seas is growing organically as well as by acquisition. The management team is building a world-class water company backed by the global private equity firm Texas Pacific Group, venture firm DFJ Element Venture Partners and Douglas Brown, the former chief executive of water purification and desalination company Ionics Incorporated. AquaVenture Holdings LLC, the Group's parent company, was incorporated in late 2006 and, in January 2007, acquired Seven Seas Water Corporation, a Company that has operated in the USVI since 1997.
"We have completed four acquisitions in 2007," Seven Seas Chief Financial Officer John Curtis said. "We needed a very scalable solution that was well-supported. And we wanted software that focuses on our industry, including finance, enterprise asset management, service management and other functions important to our company. IFS Applications will give us all of these things, and we have confidence in our partners at IFS ."
"Seven Seas has needs that IFS is uniquely positioned to meet," said Cindy Jaudon, president and CEO of IFS North America. "If you are managing an asset-intensive enterprise with multiple divisions and locations in multiple countries, the functionality of IFS Applications is an excellent fit. And since Seven Seas' business model involves managing infrastructure assets for themselves and others, IFS' powerful enterprise asset management and service management functionality will give them advanced capabilities to predict and prevent problems for their customers."
About Seven Seas Water
Seven Seas Water Corporation serves resorts, municipalities as well as other large industrial and commercial users of water by designing, building and managing desalination, wastewater and ultra-pure water plants. Based in Tampa, Florida with current operations in the US Virgin Islands, Turks and Caicos Islands, and St. Maarten, Seven Seas serves customers throughout the Caribbean. The Company is currently the largest private water supplier in the U.S. Virgin Islands Seven Seas has a fleet of containerized water desalination equipment that can be deployed quickly to serve its customers throughout the Caribbean.
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