Raleigh smart meter maker Sensus acquires Georgia startup
04/07/2014 11:02 AM
04/07/2014 11:03 AM
Raleigh smart meter maker Sensus announced Monday that it has acquired an Atlanta-based data analytics startup run by a former SAS engineer.
The acquisition of Verdeeco will help Sensus smart meters incorporate external data – such as traffic, weather and social media buzz – with customer usage data generated by its meters. The acquisition price of Verdeeco, which has fewer than 10 employees, was not publicly disclosed.
Sensus has about 3,300 employees globally and nearly 400 in the Triangle at its Raleigh headquarters and its Morrisville R&D facility. It makes intelligent meters for electric, natural gas and water utility companies that increasingly rely on complex data to manage services and contain costs.
Verdeeco, founded in 2009, provides and manages Web-based data management and analysis with cloud-based data storage. Verdeeco will continue to operate under its name as a Sensus subsidiary, Sensus said. Verdeeco’s CEO is Brian Crow, an engineer who spent four years with the National Utility Practice at Cary-based SAS, a global data analytics company.
Staff writer John Murawski
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