AquaVenture is a multinational provider of Water-as-a-Service™, or WAAS™, solutions that provide our customers with a reliable and cost-effective source of clean drinking and process water primarily under long-term contracts that minimize capital investment by the customer. We believe our WAAS business model offers a differentiated value proposition that generates long-term customer relationships, recurring revenue, predictable cash flow and attractive rates of return. We offer our solutions in North America, the Caribbean, Latin America and the Middle East.
We deliver our WAAS solutions through two operating platforms: Seven Seas Water and Quench. Seven Seas Water is a multinational provider of desalination and wastewater treatment solutions, providing seven billion gallons of potable, high purity industrial grade and ultra-pure water per year to governmental, municipal, industrial and hospitality customers. Quench, which we acquired in June 2014, is a U.S.-based provider of Point-of-Use, or POU, filtered water systems and related services to more than 40,000 institutional and commercial customers, including more than half of the Fortune 500.
We leverage our operating and engineering expertise to develop and deliver highly reliable WAAS solutions by applying various water purification technologies, including reverse osmosis, carbon filtration, deionization, membrane bioreactors and ultraviolet sanitization. We own and operate our water systems, enabling our customers to outsource a non-core activity without investing significant capital or managerial resources.
We believe that we are well positioned to capitalize on global growth opportunities driven by population growth, increasing urbanization and water scarcity, increasing focus on health and wellness, and the environmental impact of bottled water consumption. We believe our focus on delivering best-in-class service and efficiency to our customers will continue to lead to substantial new business, contract extensions and customer expansion opportunities. We also have a demonstrated track record of identifying, executing and integrating acquisitions, with Seven Seas Water and Quench having completed more than a dozen transactions since 2007. We plan to continue to pursue acquisitions that will expand our geographic presence, broaden our service offerings and allow us to move into additional markets.
We are led by a talented management team with extensive industry experience, engineering knowledge, operational expertise and financial capabilities. Our team has a demonstrated record of execution in the major markets we serve. Our Seven Seas Water team currently operates our nine water treatment facilities and previously designed, built, owned and operated more than 50 desalination plants with Ionics, Incorporated (a former NYSE-traded water treatment technology company purchased by General Electric Co. in 2005). Our Quench team has grown Quench's company-owned and billed POU filtered water system installed base from approximately 11,300 units in 2009 to more than 80,000 today through organic growth and targeted acquisitions.