Causam Energy To Acquire Power Analytics Corporation
Power Analytics will operate as a wholly owned subsidiary of Causam.
Causam Energy, Inc. has announced a definitive agreement to acquire Power Analytics Corporation. Power Analytics’ innovative software products solve complex power and energy problems, and in combination with Causam will accelerate the development of advanced communications and analytics solutions for the electric power grid. Financial terms were not disclosed.
“Power Analytics’ products and people are the best in the business,” said Joe Forbes, Jr., 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.”