Utility infrastructure system provider Sensus on Monday said it acquired Atlanta-based Verdeeco, a smart grid analytics company offering big data software for electric, water and gas utilities.
Terms of the deal weren't disclosed.
Verdeeco's suite of services and applications enable utilities to aggregate data from sources such as smart meters, SCADA systems and customer billing software, with the goal to turn that data into actionable insights.
All of the applications are hosted in the cloud by Verdeeco's Grid-as-a-Service platform. Specific applications in the Verdeeco portfolio include transformer utilization, load aggregation and alert and alarm management. Verdeeco will remain a separate brand following the acquisition, but operate as part of Sensus.
In prepared remarks, Sensus President Randy Bays said:
The importance of data in our industry revolves around not only the ability to gather it from disparate sources, but to generate actionable insights that help utilities realize greater value from their technology investments.