Causam Energy to Acquire Power Analytics Corporation
RALEIGH, N.C. – July 29, 2014 – Causam Energy, Inc., headquartered in Raleigh, today announced a definitive agreement to acquire Power Analytics Corporation, a privately held software and professional services company with offices in San Diego and Raleigh. 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.”
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