Enphase Energy Completes Acquisition of 365 Pronto, Inc.

PVTIME – Enphase Energy, Inc (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, today announced the closing of its acquisition of 365 Pronto, Inc. Based in Scottsdale, Ariz., 365 Pronto is a predictive software platform dedicated to simplifying the cleantech service landscape by matching cleantech asset owners to a local and on-demand workforce of service providers.

The 365 Pronto software platform enables a two-sided marketplace. The buyers are customers consisting of installers, cleantech asset owners, or original equipment manufacturers. The sellers are service providers consisting of technicians and third-party installers providing services for residential and commercial solar, battery storage, and EV charging stations. 365 Pronto has hundreds of service providers nationwide who are qualified on its platform. A pre-priced work order is usually created by the customer and the 365 Pronto software platform algorithmically matches and dispatches a qualified service provider to complete the work order efficiently.

The acquisition is expected to provide the following benefits:

  • Offers Enphase’s installers the opportunity to service their own operations and maintenance contracts via the 365 Pronto software platform when necessary
  • Provides Enphase’s installers access to a nationwide qualified supplemental labor pool that can perform service calls at a time of severe labor shortages within the industry
  • Increases the service level for current 365 Pronto customers with the addition of the highly skilled network of Enphase installers as service providers
  • Enhances the homeowner experience of buying and owning solar, battery storage, and EV charging stations by helping to reduce wait times for maintenance services

“We are pleased to welcome 365 Pronto’s customers, service providers, and employees to Enphase,” said Badri Kothandaraman, president and CEO at Enphase Energy. “The company’s software platform will provide our installers the ability to service their own O&M contracts with an on-demand network of service providers. We are excited about this opportunity to improve the installer experience as we continue to expand our digital platform.”

“We are thrilled to join Enphase Energy,” said Scott Tonn, CEO at 365 Pronto. “Our customers expect high-quality service, and Enphase is synonymous with high quality. Enphase’s world-class customer service and digital platform align perfectly with 365 Pronto. We believe that the acquisition will help us to rapidly expand our customer base and achieve our vision of making service simple.”