Proving the Business Case for the Internet of Things

Causam to develop new smart grid offers after Power Analytics takeover

Iain Morris
August 5, 2014
 
Smart grid player Causam Energy has unveiled plans to acquire software and services company Power Analytics in a move aimed at spurring its development of more advanced communications and analytics technologies for the power grid.

The financial terms of the deal were not disclosed, but Power Analytics (San Diego, CA, USA) is to operate as a wholly owned subsidiary of Causam (Raleigh, NC, USA) following the takeover, with Kevin Meagher, its president and chief technology officer, becoming chief operating officer of the combined company.

Joe Forbes, the chief executive of Causam, will remain in that role after the acquisition, with Taylor Brockman and David Bass continuing to function as chief technology officer and chief financial officer respectively.

“Power Analytics’ products and people are the best in the business,” Forbes. “Having a proven suite of high value products with a significant portfolio of intellectual property behind them, substantially greater resources and strong, experienced management, this new company is uniquely positioned to develop and deliver the critical solutions required by the impending next generation energy grid.”

Causam’s interest in Power Analytics appears to have been motivated by the target’s ’ Paladin-branded platform, which it plans to use in its development of applications covering real-time communications, advanced energy settlements, distributed generation and intelligent analytics.

With Causam’s design center and resources, the combined company should be able to develop products more rapidly than either organization can do on a standalone basis.

Causam also notes that its management team has already successfully scaled up a number of technology companies.

“Causam is an excellent strategic fit for us,” said Meagher. “This union empowers us to continue providing high-quality products and service to customers while adding resources to extend and enhance our existing products that will help our customers meet the demands of the rapidly evolving grid.”

The Paladin platform is currently used by a number of utilities, government agencies and commercial microgrids worldwide.

“Microgrids and other distributed energy resources hold great promise for improving energy reliability and security, balancing loads and reducing our dependence on fossil fuels,” continued Forbes. “This combination will accelerate the introduction of additional grid solutions, improving access, grid security and data analytics.”
 
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