Houston, October 5, 2026 / PRNewswire / -- The enterprise public utility intelligence platform GETCHOICE announced today that over the past two years, its core business has seen a revenue growth of 50% when calculated based on operating rates, with total management expenses increasing by 220%, and the net revenue retention rate during the same period reaching 130% year-on-year. The company stated that in just the most recent quarter, the expenses managed by the platform increased by more than 20%.
GETCHOICE This growth puts it at the forefront of the emerging category of utility management, which is being reshaped by accelerating demand and tightening capacity. In the power sector, this change has already been reflected in the capital markets. According to data from PwC ( PwC ), in the six months up to May 2026, the total value of mergers and acquisitions in the US power and utilities sector reached $216 billion, a year-on-year increase of 173%. However, the company states that power is just the most prominent example of a broader trend. The corporate utilities system also includes natural gas, steam, water supply and wastewater treatment, waste and recycling, telecommunications and internet, drag reducers, and other necessary recurring services. The company says that these projects together constitute a large-scale, complex, and crucial expenditure category for business operations, and should have their own independent operational infrastructure.
"Companies no longer just ask whether the utility bills have been paid;"GETCHOICE ! CEO Kiki Dikmen indicates.They want to know why the expenditures have changed, where the risk exposures lie, and what to do next. Our growth is a direct response to this transformation on the part of our customers. Once a company integrates utility data and work processes onto the same platform, they won't stop at the first use case; instead, they will continue to expand.
Growth comes from deepening customer relationships, not just from acquiring new customers.
GETCHOICE! Indicates that its 130% net revenue retention rate – which is a metric that measures the expansion of existing customers' usage over time – is the clearest signal driving growth. The company states that after the initial deployment, customers continue to incorporate more locations, more types of utilities, and more expenditures into the platform, rather than treating utility management as a single-point solution.
A Fortune 500 national energy company exemplifies this model and its scale in particular. GETCHOICE ! According to the company, its asset portfolio alone results in the platform processing approximately 17,000 utility invoices per month, involving over 1,500 suppliers and an annual utility expenditure of around $700 million. The company states that by centralizing this workflow on the GETCHOICE ! platform, late fees have been reduced to zero, and it has enabled the organization to gain a single, reliable view of its asset portfolio.
A category that is just making its way from the back office to the board of directors
GETCHOICE! It indicates that structural forces in the broader market constitute the backdrop for its growth. As the scale of utility expenditures becomes larger, more volatile, and has a more significant impact on corporate financial performance, financial, procurement, and operations executives are increasingly viewing them as areas of strategic importance that require attention at the board level, rather than merely as back-office expenses.
"For most of my career, the primary issue in this category has been how to reduce utility costs."Dikmen says.This point is still important. But today, a more crucial question is whether a company has a sufficient understanding of its own portfolio of utilities in order to control the related risks, data, and decisions. This is precisely the problem we aim to solve with GETCHOICE! It is also why customers who adopt this platform continue to expand its use internally.
She also stated that there is currently a competition in the market, with the goal of connecting more links in the utility value chain within a single operational environment."The advantage does not come from adding another feature, but from whether we can connect data, automation, payments, procurement, and professional capabilities well enough, so that customers can make better decisions more quickly."Dikmen summarized.
Regarding GETCHOICE!
GETCHOICE is an enterprise public utility intelligence platform that provides centralized management of public utility data, contracts, invoices, and payments for large, multi-location organizations. The platform combines invoice capture and verification supported by AI, integration with ERP and accounts payable systems, payment automation, security, and ESG reporting, covering categories such as electricity, natural gas, water, waste management, telecommunications, internet, and other recurring public utilities. GETCHOICE is headquartered in Houston, Texas.
Media contact: Isabel Kramer, [ email protected ]
