May 2026
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Largest Energy & Utilities Software Public Companies in Canada
Benchmark revenue and EBITDA valuation multiples for public comps like
Pason Systems, Computer Modelling Group, Redwood AI and Acceleware.
 | Pason Systems Inc is a provider of instrumentation and data management systems for drilling rigs. The electronic drilling recorder is the company's product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. The company reports on three strategic business units: The North American (Canada and the United States) and International (Latin America, including Mexico, Offshore, the Eastern Hemisphere, and the Middle East) business units, all of which offer technology services to the oil and gas industry, and the Solar and Energy Storage business unit, which provides technology services to solar and energy storage developers. | $10 | -- | $808M | $775M | 2.5x | 7.0x | ||
| Computer Modelling Group Ltd is a software and consulting technology company engaged in developing and licensing reservoir simulation and seismic interpretation software. The company also provides professional services consisting of highly specialized support, consulting, training, and contract research activities. The firm has operations in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions. | $3 | -44% | $213M | $224M | 2.4x | 8.5x | ||
| Redwood AI Corp is a Vancouver-based artificial intelligence company. It is engaged in providing software and analytics solutions for chemical and pharmaceutical development. Its platform integrates AI models, cheminformatics, and operational data to support synthesis planning, process optimization, and supply-chain decision-making, helping reduce time, cost, and risk from early development through commercialization. | $5 | -- | $168M | $165M | - | (28.9x) | ||
| Acceleware Ltd is a developer of electromagnetic heating technologies delivering next-generation radio frequency (RF) power-to-heat solutions for large-scale industrial applications. Its technologies are designed to reduce energy use and heating costs, while enabling meaningful decarbonization. The company’s patented, Clean Tech Inverter is being applied to improve efficiency and lower costs in amine regeneration. It is also in development with potash producers to economically decarbonize ore drying and other critical mineral processes. RF XL, the company’s low-cost, low-carbon RF thermal recovery technology that promises to increase and accelerate heavy oil production for operators. | $0 | -15% | $9M | $12M | 22.1x | (15.2x) | ||
| Median | $4 | -30% | $190M | $195M | 2.5x | (4.1x) |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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