Proving the Business Case for the Internet of Things

Cyan, Innologix to offer managed smart meter services in India

Iain Morris
September 9, 2014

UK-based smart metering player Cyan has signed an agreement with Innologix Consulting for the marketing and deployment of managed smart metering solutions in India.

Cyan (Cambridge, UK) develops wireless software for utility metering and lighting control, while Innologix (Gurgaon, India) provides energy management systems that allow meter data to be stored and maintained in the cloud – lowering costs for utilities.

The two companies say they are teaming up to develop, market and deploy managed smart metering solutions in India in a non-exclusive partnership.

The tie-up will see the companies identify and tender for smart metering business where the utility customer is in need of a managed service.

Under the arrangement, Innologix will integrate Cyan’s advanced metering infrastructure software platform with its energy management solutions.

“Innologix centralises business critical systems, providing utilities with the high resiliency and secure infrastructure required for revenue assurance,” said John Cronin, the executive chairman at Cyan. “We continue to strengthen our presence across India and this partnership will further help us extend our reach.”

“We are always looking for innovative ways to grow our customer base and this collaboration ensures that we remain well-placed to build our position in an increasingly important region.”

The deal comes several weeks after Cyan signed a deal with GridSense (West Sacramento, CA, USA) – which develops monitoring solutions for the energy sector – covering the marketing of smart grid solutions in India and other emerging markets.

Cyan has also recently flagged smart meter deals in India with Essel Utilities (Mumbai, India) and Tata Power Mumbai and is eager to build on its growing status in the Indian energy market.

“We look forward to offering Cyan’s market leading AMI technology as a managed service,” said Atul Agrawal, the chief executive and founder of Innologix. “Our cost effective, cloud computing service will deliver the latest technology without the investment in infrastructure or the running costs required to host and manage a system in-house.”
 
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