Phoenix Energy Technologies Rebrands as Verantum, Evolving Into a Data-Driven Building Asset Performance Company

IRVINE, Calif.--(BUSINESS WIRE)--Apr 2, 2026--

Phoenix Energy Technologies today announced it will operate under the new brand name Verantum. The rebrand marks a strategic expansion beyond energy monitoring into condition-based, asset lifecycle management for HVAC and refrigeration systems where performance is not only observed, but continuously improved through measured, repeatable execution. Verantum’s platform unifies operational telemetry, asset identity data, and service and cost history into an actionable asset record so organizations can make defensible maintenance, repair, and replacement decisions at scale.

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Ryan Adelman, CEO of Verantum

“Energy and comfort management was our starting point - guaranteed asset performance is our future,” said Ryan Adelman, CEO of Verantum. “Organizations aren’t struggling with visibility. They’re struggling with execution and proof. Our customers don’t need another dashboard. They need confidence that critical systems are operating as intended, and a path from insight to verified results. Verantum exists to close that gap using better data, better decisions, and better follow-through.”

For more than two decades, the company has supported large commercial operators managing distributed portfolios. Today, its platform and operational expertise support organizations responsible for 45,000+ buildings and more than 2.5M energy-intensive assets, helping detect early signs of equipment failure, prevent costly emergencies, protect occupant comfort and cold-chain conditions, and sustain performance over time.

FROM MONITORING TO VERIFIED OUTCOMES: COLLECT. ANALYZE. ACT.

Commercial building operations generate constant data, alarms, and competing priorities, yet many teams remain trapped in reactive, triage-led operations. Aging infrastructure, fragmented systems, technician labor constraints, rising energy costs, and expanding sustainability accountability have intensified the need for operational control that holds across portfolios, seasons, and years.

Verantum addresses this challenge through a closed-loop operational framework built on three steps: Collect. Analyze. Act. The system continuously gathers data across HVAC, refrigeration, lighting, and building automation environments, applies analytics to identify risk and performance drift, and coordinates action through workflows and services that restore and then verify performance outcomes over time.

“Visibility alone does not create control,” said Michaela Quinzy, Chief Operating Officer of Verantum. “Verantum brings structure and accountability to building operations. It ensures insights translate into prioritized execution, and that results are measured and sustained.”

A DATA PLATFORM FOR HVAC/R LIFECYCLE DECISIONS

Many building platforms stop at alerts or recommendations. Verantum is engineered to serve as a single source of truth for energy-intensive assets by unifying real-time telemetry with asset metadata and maintenance and repair history. This data foundation enables condition-based planning that replaces calendar-based schedules and supports decisions that historically lacked sufficient evidence: what to fix, what to defer, what to replace, and when.

Verantum’s lifecycle capabilities help customers:

This expansion, condition-based asset lifecycle management, represents a step-change in who Verantum serves and what it takes responsibility for, directly supporting facilities leadership and field technicians with workflows built for real-world resolution.

BUILT FOR TECHNICIANS AND THE FIELD SERVICE ECOSYSTEM

Verantum’s expansion includes broader support solutions and services for field service technicians bringing diagnostics, context, and prioritization closer to where work happens. By surfacing asset issues, likely causes, and repair context before a technician arrives on-site, Verantum helps increase speed and quality of resolution while reducing repeat visits and emergency dispatch.

This technician enablement is strengthened through Verantum’s ecosystem approach: integrating across heterogeneous HVAC/R and controls environments, and aligning operational signals with the workflows and partners that execute maintenance at scale.

AN AGENTIC-ENABLED EXPERIENCE: TRANSFORMING HOW CUSTOMERS INTERACT WITH THE PLATFORM

As Verantum evolves, the company is deploying agentic AI workflow automation connected to its proprietary data foundation and execution workflows, targeting high-frequency operational decisions and actions such as ticket triage, work order initiation, technician guidance, and vendor performance management. This roadmap is designed to simplify how customers engage with Verantum, moving from manual navigation and interpretation toward outcome-oriented interactions that accelerate decision-making and follow-through.

WHY THE NAME VERANTUM

The name Verantum is derived from a Latin-inspired construction combining veritas (“truth”) and the concept of measured magnitude, representing truth that has been tested, quantified, and put to work. In practice, the name reflects the company’s core philosophy: performance is only meaningful when it is verified in real operations.

GROWING DEMAND FOR PORTFOLIO-WIDE ASSET PERFORMANCE

The rebrand comes as organizations across retail, grocery, healthcare, and large commercial portfolios face increasing pressure to control operational risk, manage energy costs, protect occupant and cold-chain outcomes, and meet sustainability commitments while operating aging and fragmented infrastructure. Verantum’s expanded data platform, lifecycle capabilities, and ecosystem integrations position the company to play a larger role in how enterprises govern building asset performance across distributed environments.

ABOUT VERANTUM

Verantum establishes sustained performance across energy-intensive assets and complex commercial portfolios. The company unifies HVAC, refrigeration, lighting, and building automation systems into a closed-loop framework of Collect. Analyze. Act. Performance issues are identified early, prioritized by operational and financial impact, executed through coordinated workflows and services, and measured to ensure results hold over time.

Trusted by organizations managing tens of thousands of buildings worldwide, Verantum helps reduce operational risk, extend equipment life, and ensure performance holds across portfolios, seasons, and years.

Building performance, delivered.

Collect. Analyze. Act. Closed Loop

LONDON (AP) — Almost three dozen countries will meet Thursday in an effort to exert diplomatic and political pressure to reopen the Strait of Hormuz, a vital shipping route that has been choked off by the U.S.-Israeli war against Iran.

British Prime Minister Keir Starmer said the virtual meeting chaired by Foreign Secretary Yvette Cooper “will assess all viable diplomatic and political measures we can take to restore freedom of navigation, guarantee the safety of trapped ships and seafarers and to resume the movement of vital commodities.”

Iranian attacks on commercial ships, and the threat of more, have halted nearly all traffic in the waterway that connects the Persian Gulf to the rest of the globe’s oceans, shutting a critical path for the world’s flow of oil and sending petroleum prices soaring.

The U.S. is not among the countries attending Thursday's meeting. Trump has said securing the waterway is not America’s job, and told U.S. allies to “go get your own oil.”

No country appears willing to try and open the strait by force while fighting rages and Iran can target vessels with anti-ship missiles, drones, attack craft and mines. But Starmer said Wednesday that military planners from an unspecified number of countries will meet soon to work on how to ensure security for shipping “after the fighting has stopped.”

In the meantime, 35 countries including the U.K., France, Germany, Italy, Canada, Japan and the United Arab Emirates have signed a statement demanding Iran stop its attempts to block the strait and pledging to “contribute to appropriate efforts to ensure safe passage” through the waterway.

Thursday’s meeting is considered a first step, to be followed by “working-level meetings” of officials to hammer out details.

Starmer said resuming shipping “will not be easy,” and will require “a united front of military strength and diplomatic activity” alongside partnership with the maritime industry.

The international effort idea has echoes of the international “coalition of the willing” that has been assembled, led by the U.K. and France, to underpin Ukraine’s security after a future ceasefire in that war. The coalition is, in part, an attempt to demonstrate to the Trump administration that Europe is stepping up to do more for its own security.

The urgency of stronger continental defenses has been reinforced by Trump’s renewed suggestion that the U.S. could pull out of NATO.

Britain's Foreign Secretary Yvette Cooper, second right, attends a virtual summit at the Foreign & Commonwealth Office in London, on Thursday April 2, 2026, with around 35 countries to discuss ways of reopening the Strait of Hormuz. (Leon Neal/Pool Photo via AP)

Britain's Foreign Secretary Yvette Cooper speaks during a virtual summit at the Foreign & Commonwealth Office in London, on Thursday April 2, 2026, with around 35 countries to discuss ways of reopening the Strait of Hormuz. (Leon Neal/Pool Photo via AP)

Britain's Foreign Secretary Yvette Cooper, center, speaks during a virtual summit at the Foreign & Commonwealth Office in London, on Thursday April 2, 2026, with around 35 countries to discuss ways of reopening the Strait of Hormuz. (Leon Neal/Pool Photo via AP)

Britain's Foreign Secretary Yvette Cooper, right, attends a virtual summit at the Foreign & Commonwealth Office in London, on Thursday April 2, 2026, with around 35 countries to discuss ways of reopening the Strait of Hormuz. (Leon Neal/Pool Photo via AP)

Britain's Prime Minister Keir Starmer speaks during a press conference at Downing Street in London, Wednesday, April 1, 2026. (AP Photo/Frank Augstein, Pool)

Britain's Prime Minister Keir Starmer speaks during a press conference at Downing Street in London, Wednesday, April 1, 2026. (AP Photo/Frank Augstein, Pool)