Merged Company Hosting the 20/20 Vision-Driven Power Conference in October
RALEIGH, N.C. – September 4, 2014 – 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 realtime 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 VisionDriven 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 realtime 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 Media interested in attending the 20/20 Vision-Driven Power Conference should contact David Hamilton at email@example.com to register. 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.
About Power Analytics
Embraced by the power industry for more than 25 years, Power Analytics’ software is at the forefront of the electrical system planning and operation space for energy intensive, mission critical facilities and microgrids, and currently protects more than $120 billion in customer assets. Power Analytics was recently acquired by Causam Energy, a leading developer of technologies and commercial applications that provide increased grid intelligence and optimization. Combining their innovative technologies, intellectual property and experienced management teams, the merged company plans to lead the way in solving power energy problems for the highly networked, nextgeneration energy grid. For more information, visit http://www.poweranalytics.com