Risk360 Joins SoftSmiths to Launch ‘ennrgy’ for U.S. Energy Providers.

Banyan Software, a long-term acquirer and operator of mission-critical software businesses, is pleased to announce that Risk360, a cloud-based risk management and settlements platform built for U.S. retail energy providers (REPs), has joined its portfolio as part of the formation of a new company, ennrgy.

ennrgy unites two proven platforms, Risk360 and SoftSmiths, to deliver the decision intelligence the energy industry needs as grid complexity accelerates. With real-time market monitoring, AI-powered trading intelligence, and enterprise-grade risk management, we give market participants across the energy value chain the tools to act decisively when it matters most. Built on decades of expertise, battle-tested technology, and deep customer relationships.

Risk360 adds an integrated suite of tools for forecasting, pricing, scheduling, risk management, and settlements. The platform supports electricity and natural gas suppliers operating in deregulated U.S. markets and is recognized for its single-platform workflow that streamlines forecasting, position reporting, and ISO scheduling and settlements.

“Risk360 has always focused on helping REPs navigate complex market operations with clarity and confidence. Becoming part of ennrgy and Banyan Software allows us to continue that mission while benefiting from long-term investment, expanded resources, and a broader team dedicated exclusively to serving energy providers.” JC Swartz • President of Risk360

“Bringing Risk360 and SoftSmiths together under ennrgy creates something the market needs right now. Grid complexity is accelerating — from extreme weather volatility to storage integration to real-time pricing dynamics — and market participants need decision intelligence, not more data. This combination gives us the technology, the expertise, and the customer relationships to deliver exactly that.” Mike Parrella • CEO of ennrgy

“The combination of Risk360 and SoftSmiths under the ennrgy brand creates a more comprehensive platform for U.S. energy providers. Both businesses are deeply embedded in their customers’ day-to-day operations, and Banyan will strengthen that foundation through enhanced investment in the team and products, with an emphasis on applied AI to improve forecasting, strengthen risk management, and enable faster, more informed operational decisions as energy markets continue to evolve.” Alex Jarzebowicz • Portfolio Leader at Banyan Software

About Risk360. Risk360 is a SaaS and managed-services platform serving electricity and natural gas providers across deregulated U.S. markets. The platform supports forecasting, scheduling, settlements, and compliance workflows and is known for its reliability and long-standing customer relationships. For more information, please visit ennrgy.com/risk360

About ennrgy. ennrgy is an energy software company delivering decision intelligence to market participants across the energy value chain. The company brings together long-standing, mission-critical platforms and experienced industry teams with decades of domain expertise, alongside new AI-driven capabilities. ennrgy helps customers manage risk, improve operational efficiency, and act decisively in increasingly complex energy markets—supported by a deep understanding of how these businesses operate day-to-day. For more information, please visit ennrgy.com

About Banyan Software, Inc. Banyan Software provides the best permanent home for successful enterprise software companies, their employees, and customers. Banyan’s mission is to acquire, build, and grow great enterprise software businesses all over the world with dominant positions in niche verticals. Founded in 2016, the company follows a buy-and-hold-for-life strategy, and is set up with a permanent capital base to preserve the legacy of founders. As a purpose-driven company, Banyan is committed to making an enduring, positive impact on the world.

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