Causam Energy is acquiring Power Analytics, an energy management software and professional services company whose platform Paladin is used in many data centers. It also has customers among utilities, government agencies and commercial microgrids.
Causam focuses on bringing greater intelligence to the electric power grid. It will use Power Analytics' talent and software capabilities in development of an advanced communications and analytics solution for the power grid. Power Analytics will operate as a wholly owned subsidiary of Causam.
The deal is a smart-grid play. Paladin will be a core component in development of applications for real-time communication, advanced energy settlements, distributed generation and intelligent analytics.
Power Analytics’ software is used for electrical system planning and operation in energy intensive, mission-critical facilities and microgrids. Its software products are used worldwide and currently protect more than $120 billion in customer assets, according to the vendor.
“Power Analytics’ products and people are the best in the business,” said Joe Forbes, CEO of Causam. “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.
“Microgrids and other distributed energy resources hold great promise for improving energy reliability and security, balancing loads and reducing our dependence on fossil fuels,” he continued. “This combination will accelerate the introduction of additional grid solutions, improving access, grid security and data analytics.”
Power Analytics president and CTO Kevin Meagher said Causam was an ideal fit for the company. “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.”