Elvaston Capital completed the acquisition of a majority stake in iS Software from WZ Energy Holding.

Elvaston Capital, a private equity firm, completed the acquisition of a majority stake in iS Software, a provider of a software services, from WZ Energy, a holding company. Financial terms were not disclosed. iS was founded in Regensburg in 1996. Company develops and distributes software solutions for the energy and water industry that are specifically tailored to small and medium-sized energy and water utilities.