Switchwise was formed in March 2008 by three founding shareholders – Shaun Johnson (Founder), Service Works Management (the leading service provider in the Energy industry) and netus. Based on successful UK models, Switchwise was established to offer customers a transparent comparison tool to save money on their energy bills, and energy retailers a cost effective customer acquisition channel.
By 2011, Switchwise was the leading energy price comparison site in Australia with the largest range of energy retailers. The business was profitable and growing at over 200% per year when Service Works Management acquired it in a transaction that generated a high multiple on invested capital.
Year Founded: 2007