logo
Plus   Neg
Share
Email

IDT Energy To Buy Diversegy - Quick Facts

Retail energy provider IDT Energy, a subsidiary of Genie Energy Ltd (GNE), Monday said it will acquire Dallas-based Diversegy, LLC., a retail energy advisory and brokerage company, and its network marketing channel, Epiq Energy. The terms of the deal were not disclosed. Epiq Energy offers its direct marketing representatives the opportunity to earn commissions on energy supply based on the consumption of the customers they bring into the program.

"Through Diversegy and Epiq Energy, we have acquired access to two new customer acquisition channels, and expanded our geographic reach beyond our current service area," said Geoff Rochwarger, CEO of IDT Energy. "Through Epiq Energy's retail energy marketing program, we expect to boost our residential customer acquisition efforts. Diversegy will help us broker competitive offerings for large commercial and industrial customers beyond our current footprint," concluded Rochwarger.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Alphabet's subsidiary Loon LLC has secured its first commercial deal - to deliver 4G internet access to remote areas of Kenya using high-altitude balloons. Loon will partner with Telkom Kenya to deliver connectivity to parts of Kenya. Telkom Kenya announced Thursday that it has signed a definitive agreement with Loon to pilot a new 4G/LTE access network service in Kenya. The Cow Calendar era is coming to an end. Chick-fil-A said it is axing one of its well-loved products, the Cow Calendar. The 2018 Cow Calendar will be the chicken chain's last calendar. Chick-fil-A first launched the Cow Calendar in 1998 that featured cows as a new tool to convince people to eat more chicken. The calendars were popular not just for the pictures of funny Chick-fil-A cows. Japanese telecom giant Nippon Telegraph and Telephone or NTT has filed a patent for a blockchain technology-based new contract agreement method. NTT, the world's fourth-largest telecom provider, explains the ways to use the application to store contracts without tampering documents.
Follow RTT