The Energy & Utilities (E&U) vertical recorded all-time high activity in Q4 2013. Volumes in this vertical increased by 10% during Q4 2013 compared to the previous quarter, and 69% over Q4 2012.
High activity in the E&U vertical was driven by a large number of systems integration deals awarded by buyers looking to achieve cost efficiency, reduce operating costs, and improve customer satisfaction. Going forward, rising energy prices and environmental concerns may lead to some traction in smart meter and smart grid implementations, which is likely to provide a short-term boost in transaction activity.
