Proving the Business Case for the Internet of Things

Sensus bolsters service portfolio with Verdeeco takeover

Iain Morris
April 15, 2014

Smart-meter player Sensus has bolstered its portfolio of services with the acquisition of smart-grid analytics player Verdeeco.

The companies did not disclose the financial terms of the deal but said that Verdeeco (Atlanta, GA, USA) would operate as part of Sensus (Raleigh, NC, USA) while retaining its own brand.

Verdeeco offers a range of big-data services for electric, water and gas utilities, and Sensus hopes to provide “actionable intelligence” services to utilities that have been gathering data from smart meters following its takeover of the company.

Specific applications that form part of Verdeeco’s portfolio include transformer utilization, load aggregation and alert and alarm management.

“The importance of data in our industry revolves around not only the ability to gather it from disparate sources, but to generate actionable insights that help utilities realize greater value from their technology investments,” said Randy Bays, the president of Sensus. “Our customers can select from individual applications that satisfy a specific need and know that the platform exists for adding more applications in the future.”

Using Verdeeco’s technology, utilities can also aggregate data from smart meters, SCADA systems, customer billing software and various other sources.

All of the company’s applications are hosted in the cloud through Verdeeco’s Grid as a Service platform, meaning customers do not have to make costly investments in on-premise technology.

“These are exciting times in the industry; utilities are embracing new technologies and processes that enable them to move from simply managing data to applying data analytics to business functions and operations in a more predictive mode,” said Mike Smith, the vice president of the Utility Analytics Institute. “These capabilities, coupled with cloud-based delivery, open up many opportunities for business improvement and transformation.”
Verdeeco chief executive Brian Crow said that joining the Sensus family would allow the company to broaden its platform and offer additional benefits to new and existing customers.
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