Alinta Energy and Tally Group agree to CORE customer billing platform sale

Australian energy technology business with a growing global presence, Tally Group (Tally), today announced it had reached an agreement to buy Alinta Energy’s retail energy billing platform, called CORE.

Tally CEO, Andrew Duncan, said the company would integrate CORE with its globally leading modern cloud native platform.

The acquisition brings additional scale and critical capability to support energy retailers to reduce their cost to serve and enable rapid new energy product and service development.

“Our existing platform is a clear leader in the Commercial & Industrial and Small & Medium enterprise segments and the CORE acquisition will enable us to add mass market capability and scale for our existing clients, including Alinta Energy and new clients globally.

“The combination is very powerful, and we believe no other competitor globally can offer that scope and depth we can now deliver.”

He added: “We have invested to make sure we are ready right now to help our energy market clients do the basics well, whilst also being able to innovate rapidly.

“We are extremely impressed by what the Alinta Energy team have developed with CORE, particularly in the areas of automation, employee and user experience and compliance.”

Alinta Energy’s MD and CEO Jeff Dimery said the company was proud of the CORE platform and contributions of its employees.

“We’ve developed a great product and are incredibly proud of the efforts of all involved. The sale of CORE will allow us to reinvest in the business and streamline our operations.

“We built CORE from the ground up right here in Australia, with an exceptionally talented team.

“It’s fitting that we’ve sold to Tally, an Australian company with a growing global presence, who’ll be a terrific company to take the platform forward, and a great partner for us as we transition to being a customer (and a big supporter) of CORE.

“They’ve shown that they have the scale and energy expertise to help us deliver on our aspirations, and to create the best solutions for our customers. 

“While some of the team who’ve built and maintained CORE will transfer to Tally, we’ll continue to be a customer and supporter of the platform.”

Completion of the sale is expected to occur by October 2024.