Energy heavyweight Siemens is buying some Silicon Valley software savvy to make sense of the smart grid.
Siemens Energy today announced that it has acquired San Mateo, Calif.-based eMeter and that its meter data software will be integrated into Siemens product line. Financial terms were not disclosed, and the deal is expected to close later this month.
eMeter's software is designed to collect data from two-way meters and feed it into utilities' back-end business systems. The venture capital-backed company is headed by former Oracle executive and Veritas CEO Gary Bloom.
By collecting data such as customer power consumption … Read more