Sensus Purchases Smart Grid Analytics Provider Verdeeco.
A leading provider of clean technology solutions, named Sensus has enhanced their data analytics portfolio by acquiring Atlantic-based Verdeeco, a smart grid analytics company big data solutions for electric, water and gas utilities. Verdeeco will remain its own brand but will be operation under Sensus.
Utilities gathering data from smart sensors, which include the use of meters, and external sources such as weather reports, will now be better equipped to gather information for actionable intelligence that will save time and money. Specific applications that are in Verdeeco’s portfolio, which include transformer utilization, load aggregation, along with alert and alarm management.
“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,” said Sensus President Randy Bays. “Our customers can select from individual applications that satisfy a specific need and know that the platform exists for adding more applications in the future.”
Verdeeco variety of products, services and application will enable utilities to aggregate data from smart meters, SCADA systems, customers billing software, news services, and countless of other sources. Every sing one of these applications will be hosted within a secure cloud by Verdeeco’s Grid as a Service platform. Cloud-based management will require a lower upfront capital invest, which offers a reduced cost of ownership and allows the utility to take advantages over the software’s newly added functionality.
“These are exciting times in the industry; utilities are embracing new technologies and processes that enable them to move from simply managing data to applying data analytics to business functions and operations in a more predictive mode. These capabilities, coupled with cloud-based delivery, open up many opportunities for business improvement and transformation,” said Mike Smith, Vice President at the Utility Analytics Institute.
Utilities will maximize the value of their investment in the communications networks and advanced networking applications through the use of data analytics that will continue to improve upon operations. reduce the cost and amplify customer service.
“We are thrilled to join the Sensus family and broaden our platform to deliver even more benefits to current and future customers,” said Verdeeco CEO Brian Crow. “The acquisition further validates our ability to deliver innovative solutions to the utility industry.”