Causam Energy Finalizes Power Analytics Acquisition
Merged company hosting the 20/20 Vision-Driven Power Conference in October.
Causam Energy, Inc. has acquired Power Analytics Corporation, a leading developer of electrical power system design, simulation and analytic software for use in energy intensive, mission-critical facilities and microgrids. Financial terms were not disclosed.
Founded in 2012, Causam has developed a suite of technologies and commercial applications to enable, facilitate, and provide greater intelligence for the electric power grid. With the acquisition now complete, the merged company is currently developing additional solutions covering real-time two-way actionable communication, advanced analytics, and energy settlements for distributed generation applications. Plans are also in place to expand the partner network.
Specific details regarding additional product offerings and services will be revealed at the company’s 20/20 Vision-Driven Power Conference, October 21–23 in San Diego. Keynote speakers will also discuss the impending transformation of the world’s energy grid and how Causam and Power Analytics plan to lead the way in that revolution.
“Similar to telecom and the more recent Y2K, power grid disruption is imminent. New guidelines, changing markets and emerging technologies will all significantly impact the grid of the future,” said Joe Forbes, Jr., chief executive officer of Causam and Power Analytics. “With the acquisition of Power Analytics, our combined companies have existing technologies that will push the envelope for real-time data, real security and reduce user dependency on large utility providers. The new product landscape also includes advanced analytics, settlements, and payments available through the EnergyNet website.”
The first annual conference is free of charge to members of the media and includes a tour of the nation’s largest microgrid at the University of California at San Diego, a user of Power Analytics’ award-winning Paladin®family of software products. For more information about the conference, visit http://conference.poweranalytics.com.
The merged company will continue licensing and selling products under the Power Analytics name, with offices in San Diego; Raleigh, North Carolina; and Charleston, South Carolina. Forbes leads the management team as CEO, Kevin Meagher moves to a new position as COO, David Bass serves as CFO, and Taylor Brockman will supervise all research and development as CTO.